Financial Crime Compliance Resources

Wayne, PA (January 5, 2021) – QuantaVerse, which uses AI and machine learning to automate financial crime identification and investigations, finished 2020 well-positioned for continued growth in 2021 due to its...

In this installment of AML Voices, John Byrne, AML RightSource Executive Vice President, Sara Crowe, Strategic Initiatives Director, Financial Systems – Polaris, and Angel Nguyen Swift, Head of Conduct Management at...

In our first interview of 2021, we caught up with Rebecca “Becky” Schauer Robertson, Senior Vice President, Director Financial Investigations Unit atAtlantic Union Bank.

On January 1, 2021, the Anti-Money Laundering Act (“AMLA”) was enacted by Congress as part of the National Defense Authorization Act (NDAA). The AML Act has made emerging technologies, such as AI, machine learning, and...

Pandemic disruption in 2020 prioritized the automation of anti-money laundering (AML) investigations for compliance teams. Risk related to inconsistent investigation decision-making and reporting multiplied. The danger...

Some 15 years after the Financial Action Task Force (FATF) published its first landmark report on trade-based money laundering (TBML), new research from the independent inter-governmental body makes sobering reading....

The principle of a Suspicious Activity Report (SAR) is very simple – the transmission of information, typically from regulated firms, which alerts law enforcement that a certain client or activity is in some way...

How close is the financial world to achievingperpetual KYC? Recent industry research has emphasised the drastic importance of improving KYC and compliance processes as financial institutions drive towards reducing the...

Financial Institutions Are Using AI-Created QuantaVerse Reportsto Streamline High-Risk Entity Reviews

QuantaVerse is Recognized by Two Coveted Industry Awards andGrabs a Spot on the Prestigious RegTech 100 List

From initial onboarding for a new business account, through to the periodic review of that entity thereafter, all banks have challenges around validating new customer data, resolving the information, and maintaining...

In this episode of AML Conversations, John Byrne, AML RightSource Executive Vice President, Chuck Taylor, AML RightSource Executive Vice President and Head of Financial Crimes Advisory, and Steve Gurdak, Group...

Corporate banks face a number of hurdles in conducting KYC. Complex processes that involve many parties, causing inefficiencies in operations, are often handled manually and only add to significant costs. When both the...

Radical reforms of know your customer laws are looming after the FinCEN leaks exposed painful flaws in banks’ anti-money laundering (AML) systems.

In the past decade, the monumental incline of revenue within sport has brought with it more spectacle, more worldwide fandom and, inevitably, a larger threat of financial crime. Where there are huge sums of money,...

Are all charities high risk customers? This is an important question when thinking about de-risking and access to financial services.

In the battle against financial crime, the partnership model makes sense. The world’s law enforcement agencies are charged with investigating and prosecuting crimes such as money laundering. But banks are responsible...

Compliance is the bulwark against money laundering and other financial crimes across the world. But as recent experiences reveal, increased compliance requirements put a heavy toll on banks and other financial...

As a contributing member of the Financial Crimes space, AML RightSource has formally submitted the comments (below) to the September ANPRM by FinCEN. After discussions with a number of our clients and other members of...