Latest news with #CFT
Coin Geek
a day ago
- Business
- Coin Geek
New Zealand bans Bitcoin ATMs in crackdown on financial crime
Getting your Trinity Audio player ready... New Zealand announced new steps on Wednesday to strengthen efforts to combat serious financial crime, including a ban on digital currency ATMs and new powers for financial crime police. In a July 9 press release, New Zealand's Associate Justice Minister Nicole McKee said the measures were part of a broader strengthening of the country's anti-money laundering and countering the financing of terrorism (AML/CFT) regime. 'Since 2019, the global financial and regulatory landscape has shifted significantly,' said McKee. 'We need a smarter, more agile AML/CFT system – one that targets criminals ability to launder money, while enabling New Zealand businesses to operate efficiently and competitively.' She added that the government was serious about 'targeting criminals, not tying up legitimate businesses in unnecessary red tape.' One of the chief areas of concern identified was the digital asset space, particularly digital currency ATMs. New Zealand bans crypto ATMs In April, New Zealand's Ministerial Advisory Group on Transnational, Serious and Organised Crime reported approximately 200 digital currency ATMs across New Zealand, usually located in small supermarkets, convenience stores, vape stores, petrol stations, and laundromats. According to the report, 'criminals can use these ATMs to purchase cryptocurrency and transfer that cryptocurrency within minutes to offshore criminals to fund drug imports or to make payments associated with scams.' It also noted—by way of comparison to how other jurisdictions are dealing with the issue—that digital currency ATMs were made illegal in the United Kingdom in 2022. However, this is not entirely accurate. In the U.K., ATMs offering digital currency exchange services are required to be registered with the Financial Conduct Authority (FCA), the country's top finance sector regulator, and comply with U.K. Money Laundering Regulations (MLR). None of the digital asset firms registered with the FCA have been approved to offer digital currency ATM services, which means that any digital currency ATMs operating in the U.K. are doing so illegally. It's unclear how many digital asset firms have applied to the FCA for digital currency ATM services, but the agency's refusal—thus far—to approve any effectively amounts to a ban, in all but name. Whether they view themselves as following in the U.K.'s footsteps or not, New Zealand has now gone one step further, explicitly announcing an outright ban. On Wednesday, Associate Justice Minister McKee said the country would make it 'more difficult for criminals to convert cash to high-risk assets such as crypto currencies by banning crypto ATMs.' But this was just one of several new anti-financial crime measures announced. Broader financial crime crackdown On top of the digital currency ATM ban, McKee also revealed that the government has agreed to introduce a bill to strengthen enforcement powers for police and regulators, 'to crack down on those involved in money laundering.' The bill will, amongst other measures, establish a new financial sanctions supervisory regime, and set an upper limit on how much cash can be transferred internationally—$5,000 per transfer. According to McKee, this latter mandate is aimed at 'reducing the ability of the criminal organisation to move its funds offshore.' In addition, the bill will enable New Zealand's Financial Intelligence Unit (FIU) to order banks and other businesses subject to the AML/CFT rules to provide ongoing relevant information on persons of interest. 'This will enable the more effective development of the financial intelligence needed to bring the criminals to justice,' said the Associate Justice Minister. Despite this seeming tightening of controls, McKee emphasized that the various measures are aimed at making life more difficult for money launderers, not legitimate businesses. 'We want New Zealand to be one of the easiest places in the world to do legitimate business and one of the hardest for criminals to hide,' said McKee. 'By cutting unnecessary red tape, we're giving honest businesses room to grow, while sharpening our focus on serious threats.' Digital currency ATMs not in vogue New Zealand's complete ban on crypto ATMs and the U.K.'s de facto ban are symptomatic of a general increase in unwanted attention of late, from global lawmakers and enforcement agencies, in the growing sector. Earlier in the year, New Zealand's antipodean neighbor, Australia, also decided to crack down on digital currency ATMs. In April, Australia's financial crimes watchdog put digital currency ATM operators on notice over a lack of AML/CFT checks. The Australian Transaction Reports and Analysis Centre (AUSTRAC), the country's financial intelligence agency, issued the warning amid a spike in digital currency ATM usage in the country, which it said has provided fertile grounds for scammers and other criminals. An investigation by an AUSTRAC task force, set up in September 2024 to investigate whether crypto ATMs had the proper AML/CFT checks in place, examined data from nine digital currency ATM providers over several months and concluded that it bears the hallmarks of scams, fraud, and other illicit activity. It also found that most users were over 50 years of age and accounted for almost 72% of all transactions by value. This investigation was followed in June by AUSTRAC, which rolled out new operating rules and transaction limits for digital currency ATM operators. The agency announced it was imposing a AUD5,000 (US$3,250) limit on cash deposits and withdrawals from digital currency ATMs, as well as scam warning signs, more robust transaction monitoring, and enhanced customer due diligence obligations. The same day AUSTRAC announced its new digital currency ATM measures, the Australian Federal Police (AFP) revealed that the country's online cybercrime reporting system, ReportCyber, had received 150 unique reports of scams involving crypto ATMs between January 2024 and January 2025. The AFP said that total losses exceeded AUD3.1 million (US$2 million), which it added 'may be just the tip of the iceberg.' These kinds of damning stats are not unique to Australia. In the United States, where data from Coin ATM Radar puts the number of digital currency ATMs at over 30,000 nationwide, the Federal Trade Commission (FTC) reported that losses by U.S. consumers from digital currency ATM fraud increased nearly 10X between 2020 and 2023—from $12 million to $114 million. For this reason, in February Senator Dick Durbin (D-IL), Ranking Member of the Senate Judiciary Committee, introduced the Crypto ATM Fraud Prevention Act, 'to help prevent scammers from stealing Americans' savings through cryptocurrency schemes.' The bill would, amongst other mandates, require digital currency ATMs to carry warnings about the risk of fraud; prevent new users from spending more than $2,000 daily or $10,000 over a 14-day period at crypto ATMs; require live, verbal confirmation for any transaction greater than $500; and allow for full refunds when users file police reports and alert operators within 30 days of their transactions. Durbin's bill remains in the committee stage in the Senate, and without any Republican co-sponsors, it seems unlikely it will make it into law, but it does demonstrate a determination from some U.S. lawmakers to tackle the controversial digital currency ATM sector. Watch: How do you build a successful ecosystem? 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Al Etihad
5 days ago
- Business
- Al Etihad
EU's decision reflects scale of UAE's national efforts to safeguard its financial, economic system: NAMLCFTC Secretary-General
10 July 2025 21:46 ABU DHABI (WAM)Hamid Saif Al Zaabi, Secretary-General and Vice Chair of the National Anti-Money Laundering and Combatting the Financing of Terrorism and Illegal Organisations Committee (NAMLCFTC), welcomed the decision to remove the UAE from the European Union's list of high-risk third countries for money laundering and terrorist Zaabi stated that the UAE is not only focused on meeting the requirements to be removed from international lists but is working to establish a comprehensive and sustainable national framework in this to the Emirates News Agency (WAM), Al Zaabi said the European Parliament's announcement yesterday (Wednesday) reflects the scale of the UAE's national efforts to safeguard its financial and economic system in line with the highest international standards, affirming that the UAE has successfully built an integrated system to counter money laundering and terrorist added that this achievement is the direct outcome of systematic and intensive efforts led by the NAMLCFTC and its Secretariat, reflected in the improved technical performance across all levels, with full collaboration from both the public and private noted that the country continues to develop its system and strengthen cooperation with international institutions and partners, with a constant drive to remain among the leading nations protecting their financial and economic systems from financial highlighted the pivotal role of the Higher Committee overseeing the National Strategy for Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT), chaired by His Highness Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister, Minister of Foreign Affairs, which continues to lead national efforts in coordination with various public and private entities through real proactive measures to combat such explained that the UAE has implemented a clear national strategy to counter money laundering and terrorist financing, approved by the Cabinet in 2014, based on a comprehensive action plan assigned to each concerned authority and built upon a national risk assessment that covered multiple sectors. He praised the key role of the private sector, which is now fully aware of the risks and actively supports the success of the counter-financial crime Zaabi also pointed out that the current year has witnessed intensified efforts to support the national strategy, including workshops, awareness campaigns about emerging risks identified by the national risk assessment, and continued development of legal and regulatory expects that 2025 will bring further legislative developments that will strengthen the UAE's anti-money laundering and counter-terrorist financing framework and reinforce its full compliance with the highest international Zaabi confirmed that the UAE is characterised by clear and stringent laws against financial crime, which enhances its international credibility and transparency and makes it an attractive investment destination. He stressed the country's commitment to staying abreast of international developments and standards by proactively updating its emphasised the importance of international cooperation, particularly with European countries, to ensure continued exchange of information, conduct of joint operations, and delivery of training and knowledge sharing. This, he said, is vital to addressing new crime patterns increasingly linked to digital technologies and virtual assets. The ease of digital transactions and internet access today, he noted, makes information-sharing essential to combating financial crime and halting illicit financial Zaabi also highlighted the UAE's strong focus on leadership development and national capacity-building, through close collaboration with relevant institutions and the delivery of workshops, surveys and awareness initiatives that address evolving crime trends, ensuring both public and private entities are well-informed and equipped to manage such risks. The European Parliament's decision is expected to facilitate free trade negotiations between the UAE and the European Union. It is also projected to boost foreign direct investment in the UAE by three percent due to lower investment risks. Furthermore, it will ease cross-border financial transactions and reduce compliance friction for UAE-based financial institutions when dealing with European counterparts, thereby enhancing investor confidence in the country's credibility.
Time of India
5 days ago
- Business
- Time of India
The UAE is no longer a financial risk in Europe's eyes, here is what that really means
In July 2025, the EU Parliament delisted the UAE from its high-risk list, after FATF grey listing in 2022 and EU designation in 2023/ (Representative Image) TL;DR Delisted: The EU has formally removed the UAE from its high-risk AML/CFT list after Parliament's approval. Backstory: The UAE was grey-listed by FATF in 2022 for regulatory gaps, followed by the EU adding it to their high-risk list in 2023. Reforms: Sweeping structural and compliance changes followed, led by top leadership. Impact: Lower compliance hurdles, improved investor confidence, renewed EU trade prospects. Outlook: Vigilance remains key, reforms must be future-proof. In global finance, reputation is everything, and recovery is never accidental. This week, after more than three years of scrutiny, reform, and international diplomatic maneuvering, the European Parliament formally endorsed the removal of the United Arab Emirates from its list of high-risk third countries for money laundering and terrorist financing. It's a bureaucratic sentence that hides a transformative story, one of ambition, reform, and the shifting geopolitics of trust. The delisting, long awaited and intensely pursued, is more than a stamp of approval. It's a signal. A nod from Europe that the UAE is no longer seen as a financial blind spot, but as a committed partner in global regulatory efforts, and that matters not just for compliance officers and policymakers, but for investors, traders, and everyday citizens whose livelihoods depend on global finance functioning well, and functioning clean. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Why seniors are rushing to get this Internet box – here's why! Techno Mag Learn More Undo The decision was welcomed by UAE officials as a validation of the country's broader financial reform agenda. 'The UAE welcomes the European Parliament's endorsement of the European Commission's updated list of high-risk third countries for money laundering and terrorist financing. The decision stands as clear, independent recognition of our nation's unwavering commitment to the highest international standards in combating global financial crime,' said Ahmed bin Ali Al Sayegh, UAE Minister of State, in a statement to Emirates News Agency (WAM). The minister's statement followed the European Parliament's approval of the European Commission's updated list, which formally delisted the UAE along with Barbados, Panama, Senegal and Uganda. At the same time, the EU added Lebanon and nine other jurisdictions: Algeria, Angola, Ivory Coast, Kenya, Laos, Monaco, Namibia, Nepal and Venezuela to its high-risk monitoring list. What Is the FATF and the EU High-Risk list , and why do they matter? The Financial Action Task Force (FATF) is an intergovernmental body based in Paris that sets global standards to combat money laundering, terrorist financing, and other financial crimes. Established in 1989, it monitors compliance across over 200 jurisdictions and issues guidance that shapes international regulatory policies. One of FATF's most influential tools is the 'grey list', officially known as jurisdictions under increased monitoring . Countries placed on the list are identified as having strategic deficiencies in their AML/CFT (Anti-Money Laundering/Countering the Financing of Terrorism) systems. Being listed can lead to: Increased scrutiny from global banks Slower, more expensive transactions Reputational damage Reduced investor confidence FATF listings strongly influence the EU's own high-risk third-country list, which imposes: Enhanced due diligence by EU financial institutions Stricter compliance and verification protocols Delisting signals that a country has taken concrete, measurable steps to improve its financial oversight, as the UAE has done. It restores confidence, unlocks smoother financial flows, and clears a path for stronger economic ties with the EU and beyond. Timeline: From FATF grey list to EU green light (2022–2025) March 2022: The Financial Action Task Force (FATF) places the UAE on its 'grey list' of countries under increased monitoring, citing strategic deficiencies in its AML/CFT framework. March 2023: The EU adds the UAE to its list of 'high-risk third countries,' triggering enhanced due diligence requirements for EU-based financial institutions engaging with UAE-linked businesses. February 2024: FATF removes the UAE from its grey list, citing demonstrable progress in key compliance areas—investigations, convictions, regulatory tightening, and international cooperation. June 2025: The European Commission proposes removing the UAE from its updated list, while adding Algeria, Angola, Ivory Coast, Kenya, Laos, Lebanon, Monaco, Namibia, Nepal, and Venezuela. July 2025: The European Parliament formally endorses the Commission's proposal. The UAE is officially removed from the EU high-risk list. Other jurisdictions removed alongside the UAE include: Barbados, Gibraltar, Jamaica, Panama, the Philippines, Senegal, and Uganda Why was the UAE listed to begin with? The UAE's meteoric rise as a global finance and trade hub brought opportunity, and exposure. In 2022, the Financial Action Task Force (FATF) placed the country on its grey list, citing structural weaknesses in its anti-money laundering and counter-terrorism financing (AML/CFT) framework. Key concerns included: Under-regulated high-risk sectors: Real estate, gold and precious metals, luxury goods, and corporate service providers had become gateways for illicit financial flows. Weak enforcement: Financial institutions and DNFBPs often failed to meet compliance standards. Prosecutions were limited, and penalties lacked consistency. Gaps in international cooperation: Cross-border data sharing and financial crime investigations were seen as insufficiently robust. At its core, the UAE had built the infrastructure of a global financial powerhouse, but its regulatory systems hadn't kept pace. FATF's listing was a call for reform, not a rebuke of ambition. What reforms did the UAE implement? The UAE launched a sweeping reform agenda to address the concerns raised by international watchdogs, with efforts led by Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and brother of President Mohamed bin Zayed. Delisting became a national priority, driving coordinated action across regulatory, judicial and enforcement bodies. The country moved quickly to implement structural reforms and enforce stricter compliance. Major actions included: Adoption of the 2024–2027 national AML/CFT strategy, aligning regulatory goals with FATF standards. Creation of specialized AML/CFT courts to fast-track financial crime prosecutions. Targeted crackdowns: Over Dh339 million in fines were levied on exchange houses, foreign banks, and insurance firms. Real estate, gold, and virtual assets, traditionally vulnerable sectors, faced expanded oversight. Cross-border cooperation surged, including new data-sharing mechanisms between the Ministry of Economy and Dubai Police to track beneficial ownership. a key FATF concern. Technological reforms were embedded into compliance systems, signaling a shift from reactive regulation to predictive enforcement. Increased international cooperation, including information sharing with foreign intelligence and financial agencies. Boosted virtual asset regulation to address risks in crypto markets and decentralized finance. All these led the FATF to finally remove the UAE from its grey list in February 2024, citing its 'significant progress' and increased convictions in financial crimes. The EU, whose own list typically mirrors the FATF's assessments, followed suit a month later with a formal announcement, culminating in this week's final parliamentary approval. Why the delisting matters, beyond bureaucracy To the casual observer, being taken off a regulatory list might sound technical. But the downstream effects are very real. Delisting carries both symbolic and tangible benefits for the UAE: 1. Lower Compliance Burdens EU-based banks and firms will no longer need to perform enhanced due diligence on Emirati clients and transactions. This reduces administrative costs, document requirements, and potential delays in financial services. 2. Improved Market Confidence Foreign investors, particularly in banking, fintech, and real estate, are likely to see the UAE as a safer, more transparent jurisdiction. The move strengthens the UAE's case as a trusted global financial hub, especially as it competes regionally with Qatar and Saudi Arabia. 3. Boost to EU-UAE Trade Talks The UAE's presence on the blacklist had complicated ongoing negotiations over a trade deal with the EU. Delisting clears the way for deeper talks on strategic sectors like renewable energy, artificial intelligence, digital services, and critical raw materials. As Minister Al Sayegh put it, 'We look forward to unlocking the full potential of the UAE-EU partnership, fostering closer cooperation, enhanced prosperity and shared security for our regions and peoples.' Caution Beneath the Confidence The UAE's victory is real, but the pressure is not over. As its financial doors swing wider open and its global credibility rises, so too does the incentive for illicit actors to exploit its systems. That's the paradox of success: the cleaner your house, the more others will test the windows. This is why Emirati authorities are emphasizing not just compliance, but future-proofing, making sure regulations can evolve with emerging threats, from digital currency laundering to cross-border terror financing. And this is where the UAE's next challenge lies: not simply avoiding regression, but building a regulatory architecture that is adaptive, anticipatory, and globally interoperable. FAQs Q: What is the FATF? The FATF is a global body that sets standards to combat money laundering and terrorist financing. It monitors countries to ensure they follow these rules and protect the financial system. Q: Why was the UAE put on the FATF grey list? The UAE was listed because of weaknesses in its laws and enforcement, especially in high-risk sectors like real estate and virtual assets, which made it vulnerable to financial crime. Q: What does being on the EU high-risk list mean? It means the EU requires financial institutions to apply stricter checks on transactions involving that country to prevent illicit money flows. Q: How did the UAE improve to get removed from the lists? The UAE implemented stronger laws, created special courts, increased oversight in vulnerable sectors, fined non-compliant firms, and enhanced cooperation with international partners. Q: What does delisting mean for the UAE? Delisting signals restored trust from international regulators, easing financial transactions and boosting investor confidence. Q: Are there risks even after delisting? Yes, the UAE must continue adapting its regulations to address emerging threats like digital currency abuse and evolving financial crimes. Q: Why does this matter to ordinary people? Effective financial controls support a stable economy, protect investments, and promote job growth and business opportunities.
Scoop
5 days ago
- Business
- Scoop
Red Tape Relief Making A Difference For Businesses
Associate Minister of Justice Associate Justice Minister Nicole McKee says that small businesses will benefit from upcoming reforms to New Zealand's Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) laws, as the Government moves to make compliance more proportionate and practical for low-risk operators. Associate Justice Minister Nicole McKee has announced Cabinet's approval to draft a new Anti-Money Laundering and Countering Financing of Terrorism (Omnibus) Amendment Bill to overhaul the existing system. Under current rules, even small businesses and professionals, such as real estate agents, face complex and time-consuming checks, often regardless of how much risk they face,' Mrs McKee says. 'This level of scrutiny is overkill for a small business dealing with law abiding New Zealanders and it's an example of why our AML laws need to be smarter and more risk-based,' Mrs McKee says. 'These reforms will enable simplified customer due diligence (CDD) where businesses have assessed the risk of money laundering or terrorist financing to be low and have appropriate controls in place to manage risk. This will support a wide range of small businesses to reduce costs for their customers. 'For example, currently, families selling their home must undergo enhanced customer due diligence if the home is held within a family trust. 'Even when there are clear low risk indicators, such as a property being owned for over a decade and held in a non-trading trust, real estate agents are still required to collect extensive personal and legal information. 'For real estate agents, this would mean taking a common-sense approach to low-risk customers, for example only needing to verify the homeowners' identity documents and their role as trustees, and retaining a copy of the trust deed. 'Similarly, share brokers and bookkeepers may be able to reduce the level of CDD required for low-risk customers and businesses where there are appropriate restrictions and conditions put in place, such as transaction limits.' The Government has also directed the future AML/CFT supervisor to issue clear guidance so that businesses like bookkeepers, real estate agents, lawyers, and banks know exactly how to apply these simplified checks without fear of penalty. 'This Government is serious about targeting criminals, not clogging up legitimate businesses and everyday people with red tape. 'We've heard from parents who've been unable to set up bank accounts for their kids because they can't prove where their child lives. We've heard from elderly Kiwis who, after the death of a spouse, find they can't open an account in their own name due to a lack of documentation. That's not a system based on risk, that's bureaucracy getting in the way of people's lives.' As well as making things easier for small business, the bill will enable: Simplified CDD for low-risk individuals and activities such as opening children's bank accounts and using digital wallets. Simplify compliance for small businesses in rural areas. Grant new powers to combat criminal activity, such as a $5,000 cap on payments of cash for international transfers and banning crypto ATMs. 'Since 2019, the global financial landscape has shifted dramatically, and New Zealand is overdue for a clear and modern national strategy, one that protects against organised crime, while also making compliance easier for those doing the right thing,' Mrs McKee says. 'We want New Zealand to be the safest place in the world to do business legitimately, and the hardest place for criminals to operate. 'By the time we're finished, New Zealand will have a world-class AML/CFT regime – one that hits criminals hard, not ordinary New Zealanders.'
Business Upturn
6 days ago
- Business
- Business Upturn
Turn Every Challenge into a Breakthrough – PRIZ Guru Unveils Change Flow Thinking Tool for Engineers and Innovators
WILMINGTON, Del., July 09, 2025 (GLOBE NEWSWIRE) — PRIZ Guru, the provider of an all-in-one Engineering Thinking platform, has launched Change Flow Thinking (CFT) – a game-changing tool that transforms how companies tackle complex engineering challenges. Billed as the ultimate 'stubborn challenge to celebrated win' machine, CFT guides teams through a systematic yet creative problem-solving journey, from pinpointing root causes to implementing innovative fixes. The result? Resilient, high-quality solutions delivered with scientific precision, turning every tough problem into an opportunity for measurable impact. PRIZ Guru's latest offering underscores its mission: to elevate engineering teams from reactive troubleshooting to proactive innovation, ensuring organizations can generate the innovative solutions that they need to stay competitive and profitable. The CFT Difference What sets Change Flow Thinking apart is its unique ability to merge change and risk management with systematic innovation tools into one visual workflow. In practice, CFT acts as a central command center for improvement projects: engineers map each step of a proposed change, flag potential risks or roadblocks, and collaborate on solutions in real time. Using CFT, a team can chart an entire production line upgrade on a single screen – linking every task to responsible owners, expected costs, and risk levels. If a step is marked 'problematic' or 'blocking,' the team can instantly run a root-cause analysis (like 5 Whys or Cause-and-Effect Chain) within the same platform. 'Change is inevitable; CFT makes it manageable by illuminating the entire path from idea to implementation,' said the product manager at PRIZ Guru. By combining all facets of problem-solving into one flow, CFT ensures teams are fully equipped to convert even the toughest problems into innovative solutions that keep businesses ahead of the competition. Strategic Business Impact PRIZ Guru emphasizes that CFT isn't just an engineering tool – it's a strategic business enabler. Every problem solved systematically is a competitive edge gained. By using CFT, companies can prevent costly failures and seize opportunities that would otherwise be missed. Hidden factory issues that once drained resources now become fuel for innovation. With clearer visibility and quantifiable risk, managers make faster, smarter decisions – accelerating time-to-market. Early users have reported dramatic reductions in unplanned downtime and scrap thanks to CFT's early identification and mitigation of potential blockers. 'PRIZ empowers you to flex your critical-thinking muscle and deliver high-quality solutions with systematic precision – from uncovering root causes to driving continuous innovation,' said a PRIZ spokesperson. Key Features & Benefits Holistic Change Mapping : Complete visibility from concept to completion; all stakeholders stay aligned. : Complete visibility from concept to completion; all stakeholders stay aligned. Proactive Risk Management : Status and risk levels built into every step; no surprises, fewer overruns. : Status and risk levels built into every step; no surprises, fewer overruns. Faster Buy-In & Approvals : Clear visualizations and analysis help leadership understand plans at a glance. : Clear visualizations and analysis help leadership understand plans at a glance. Repeatable, Scalable Process : Apply the CFT framework across any project or team for consistent results. : Apply the CFT framework across any project or team for consistent results. Enhanced Team Empowerment: CFT democratizes innovation, inviting input from all levels and fostering a culture of problem-solving. Leadership Quote 'Our goal with CFT was to create the ultimate problem-solving workflow – one that turns stubborn engineering puzzles into celebrated breakthroughs,' said Alex Agulyansky, CEO of PRIZ Guru. 'We've essentially closed the gap between identifying a root cause and implementing the solution. Now, an engineer can map out a complex change, analyze every risk, generate innovative solutions, and get management buy-in – all in one place. This means faster solutions, smarter use of resources, and teams that win accolades for overcoming challenges that once seemed impossible.' A New Way of Thinking To support adoption, PRIZ Guru provides robust onboarding, training, and facilitation. From interactive workshops to one-on-one guidance, PRIZ helps engineering teams master systematic innovation. Managers also receive training to instill a culture of continuous improvement and measure ROI. 'It's not magic – it's method,' the team emphasized. 'We've seen reactive teams become proactive innovators by embracing this structured way of thinking.' About us: Change Flow Thinking is now available as part of the PRIZ Guru platform. Teams can try CFT in the PRIZ Playground for free by visiting . Interested teams are also invited to a live demo webinar on July 16, 2025, where the PRIZ team will showcase CFT using real-world examples and answer questions on integrating the tool into existing workflows. Reserve Your Spot With CFT's launch, PRIZ Guru delivers a clear message: every problem is a potential breakthrough – with the right tools, every team can innovate with confidence and clarity. Contact:Alex Agulyansky [email protected]
