Financial Crime Compliance Resources

Strategic partnership to bring a tactical blend of people and technology to accelerate managed services and KYC remediation for financial institutions and other high risk industries, with rapid deployment and minimal...

In this edition of our FinCrime Files interview series, we caught up with Nitzan Solomon, VP, EMEA Head of Surveillance and Financial Crime Technology atNomura.

In the two decades since the 9/11 tragedy, new technologies have emerged, new laws have been introduced, cryptocurrencies are continuously changing the way money moves around the world, and a global pandemic has...

Regtech is one of the most exciting areas to work in technology at the moment. Banks and other regulated organizations are under ever-greater pressure to operate both efficiently and compliantly, and they realize that...

• Unqork, the leading enterprise no-code platform, and Arachnys, the market-leading provider of KYC, AML and EDD data, announced a strategic partnership to bring the next-generation of solutions to KYC (Know Your...

The fight against money laundering through luxury UK property is intensifying. But real estate players have much more to do in bolstering compliance processes.

Correspondent banking investigations are challenging, because Know Your Customer (KYC) information may not be available for all parties involved in the transactions. An experienced analyst can efficiently separate...

It’s a well-known fact that the global pandemic caused a radical shift in consumer banking and payments behavior. What isn’t as obvious is how financial institutions responded behind the scenes. Fortunately, a new study...

For decades, dealers and auction houses involved in the sale of art and antiquities have evaded the scrutiny of US regulators. The stringent provisions of the Bank Secrecy Act (BSA) did not cover the lucrative art...

QuantaVerse Adds New FCIR to Speed Initial Reviews of TMS Alert Investigations

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...

2020 saw many challenges for all. For financial institutions (and organisations across various industries tackling financial crime) the rise in cyber crime for financial institutions during a global pandemicbecame...

Regulators and those handling compliance at covered institutions have long accepted the pitiful state of AML program efficacy, including:

The New Year message on money laundering could hardly have been clearer. Just seven days into 2021, HM Revenue & Customs published its latestlist of businessesfined for breaches of money laundering regulations –...

A Review of Recent and Upcoming BSA/AML Reform

It seems financial institutions are inundated these days by headlines and news related to anti-money laundering and combating the financing of terrorism (AML/CFT). The U.S....

Disruptive technologies are no longer the stuff of science fiction. They’re not even the “next big thing.” Successful firms are using them right now to automate manual processes in their AML programs.

I have always enjoyed The Washington Post’s (and I am sure various other publications) list for the next year. The uniqueness is, of course, they eliminate a popular or hot issue with a new one for the next calendar...

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...

Ball of Confusion[i]

Having been in what we call the AML community for close to 35 years, it was always clear to me that a “year-in-review” is both arbitrary and doesn’t really give you a cohesive sense of themes....