aml-knowledge-centre.org | Anti Money Laundering Blog

Should cyber and anti-money laundering units remain distinct entities?

Why the Carbanak Campaign and the Bangladesh Bank attacks are a wake-up call for every AML compliance program. Someone once asked me how long will criminals continue to find new ways to circumvent money laundering laws. My reply was simple, so long as crime is...

The Sandbox where Innovation and Regulation can Play without Anyone Getting Hurt.

The internet has opened the door to purchase anything, I do mean anything, from any part of the world. These items can be paid for instantly through electronic payments. These transfers can be made from everywhere with ease and speed allowing greater anonymity if...

Tighter U.S. CDD requirements and what they mean for foreign banks…Deadline to Comply is MAY 2018

Tighter U.S. CDD requirements and what they mean for foreign banks…Deadline to Comply is MAY 2018 In the aftermath of the Panama Papers controversy, governments have been discussing ways to promote more financial transparency. Financial Crimes Enforcement Network...

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,...

Effective staff training is vital to ensuring a successful AML framework but regional inconsistencies exisit.

The financial services industry worldwide is challenged to respond to increased and a changing regulatory AML landscape. AML as a standalone entity under compliance, to a complex and much broader function cutting across many entities as legal, risk, operations, sales...