Instant payments: Enormous Potential versus Financial Crime Risks

    The world of banking continues to evolve at a breathtaking pace and is becoming ever more competitive. Once a new technology has come to market, banks are faced with a dilemma: do we embrace it and run with it, or do we let our competitors gain a...

Combating Money Laundering with Artificial Intelligence: Game changer or Hype

The cost of money laundering and other forms of financial crime are critical to a bank’s future. Germany’s troubled Deutsche Bank faces fines, legal action and the possible prosecution of senior management because of its alleged role in a $20bn Russian...

Enhanced due diligence for the financial industry operating in developing economies

"Anti-money laundering and anti-bribery are two sides of the same coin. This general rule is particularly important in the financial sector, which, given the nature of the business, is especially exposed to financial crimes. In fact, these institutions deal with...

Money laundering in Russia and what we know!

Money laundering in Russia has its own characteristics. In the normal world money laundering is the transformation of "illicit money" into "clean money": criminals selling drugs to invest in real estate, in Russia it is different. There money laundering mostly means...

Sanction Screening the Intensive Care Patient…Innovation the Cure!

However, minor the task of sanction screening or name filtering sounds it contributes to a significant amount of false positives and is a time consuming task that leaves less time for other AML patients. And in today’s environment of tighter AML regulations,...
The Global Laundromat

The Global Laundromat

Transparency campaigners dismayed at clean bill of health for UK government On Friday, 7 December the Financial Action Task Force (FATF), a G7...

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