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...

Canadian Banks’ Money-Laundering Controls Failed

  "Canada’s top banking regulator has found money-laundering controls at the country’s banks failed on numerous occasions, according to a document obtained by The Wall Street Journal. Between 2009 and 2014, the Office of the Superintendent of Financial...

Artificial intelligence: Reducing the AML Compliance Burden

How did we get here? Since 9/11 financial institutions have made enormous investments in their anti-money laundering compliance programmes, but they are still faced with manual processes and complexities in complying with financial crime regulations. “One would be...

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...