Overview

Geopolitical and economic instability was an enduring challenge globally in 2022. How are Asia Pacific financial institutions (FIs) viewing their financial crime risk management capabilities as they prepare for 2023? Find out in the “AML Tech Barometer” report.

In this second year, NICE Actimize and Regulation Asia explored AML and fraud trends, how FIs are leveraging AI and machine learning, a renewed focus on transaction monitoring, and other advanced technologies implemented to combat emerging threats.

The research is based on survey and interview data collected from 289 financial crime and fraud professionals across 12 Asia Pacific jurisdictions. Respondents came from banks, wealth managers, securities brokers, fintech firms, virtual asset service providers (VASPs) and other FI types.

In this comprehensive research report, we explore the:

• Challenges practitioners experience in key AML functions
• Financial crime and technology priorities for the year ahead
• Trends in suspicious transaction reports to identify thematic areas of concern for both FIs and regulators

This report also features interviews with the Hong Kong Monetary Authority (HKMA), the Australian Transaction Reports and Analysis Centre (AUSTRAC), the Financial Services Agency of Japan (FSA), and RUSI’s Centre for Financial Crime and Security Studies (CFCS).

Get the expert insights into trends and challenges to strengthen your AML strategy.

Download the report