Financial Crime World

Fintech and Financial Crimes on the Rise in Wallis and Futuna

A Hotbed for Fintech Innovation with Rising Concerns about Financial Crimes

The tiny Pacific island chain of Wallis and Futuna has emerged as a hub for fintech innovation, but this growth also brings increased concerns about financial crimes. As digital payments, cryptocurrencies, and other new technologies become more widespread, authorities are struggling to keep up.

The Importance of Understanding Innovations Impacting the Financial Sector

A recent course offered by the International Compliance Association (ICA) highlights the importance of understanding innovations impacting the financial sector in Wallis and Futuna. The ICA Specialist Certificate in Financial Crime Risk and New Technology aims to equip professionals with the knowledge needed to evaluate definitions and subsets of RegTech and FinTech, as well as leverage big data to prevent financial crime.

Course Overview

  • Duration: 4 weeks

  • Certificate: Downloadable upon completion

  • Course Topics:

    • Emerging technologies and financial crime risk
    • The impact of innovation on financial services
    • Harnessing RegTech to minimize financial crime

Addressing the Risks of Fintech Growth

Wallis and Futuna’s small but growing fintech sector has raised concerns about money laundering, terrorist financing, and other financial crimes. As the island chain develops its digital infrastructure, authorities must stay ahead of these threats.

A Global Issue Requiring a Coordinated Response

Financial crime is a global issue that requires a coordinated response. The ICA course provides professionals with the skills and knowledge needed to stay ahead of the curve and protect their organizations from financial crime.

Supporting Professionals in Wallis and Futuna and Beyond

The ICA Specialist Certificate in Financial Crime Risk and New Technology is just one example of how the organization is working to support professionals in Wallis and Futuna and around the world. By offering accessible, affordable training and certification programs, the ICA aims to help individuals and organizations stay ahead of the latest threats and opportunities in the fintech sector.