anti-money-laundering
Top StoriesEU agrees on stricter rules to combat moneylaundering and capture cryptoassets
FinanceWant to fight migrant financial discrimination? Let’s start with the basel index
FinanceThe convergence of sanctions programs with AML & KYC programs is critical for effectiveness
TechnologyAML RightSource offers support for transaction monitoring system selection and integration
The UK economic crime & corporate transparency bill fosters information sharing, making it more difficult for criminals to succeed
Date: August 28, 2023
By Adam McLaughlin, Global Head of AML Strategy and SME, NICE Actimize Gaps in financial crime legislation and controls have created opportunities for criminals to hide in the void between organisations and behind corporate entities and opaque digital identities. The upcoming U.K. Economic Crime and Corporate Transparency Bill could be one way to fight these weaknesses and...
AML RightSource continues to advance AI innovation in AML compliance services and solutions
Date: August 1, 2023
AML RightSource Continues to Advance AI Innovation in AML Compliance Services and Solutions Natural Language Processing and AI-Powered Capabilities Enable Comprehensive and Efficient Adverse Media Monitoring for All Types of Customer Due Diligence Cleveland, Ohio (August 1, 2023) – AML RightSource, the leading provider of Anti-Money Laundering (AML), Know Your Customer (KYC), and Bank Secrecy Act...
FRAML integration could help cut compliance costs and modernise risk management
Date: July 7, 2023
FRAML Integration Could Help Cut Compliance Costs and Modernise Risk Management The growing convergence of Fraud and Anti-Money Laundering (FRAML) operations within the UK financial services sector has the potential to save firms tens of millions of pounds of compliance costs each year. It could also create a runway for them to evolve their compliance...
Ericsson beats US shareholder lawsuit over graft disclosures
Date: May 25, 2023
Ericsson beats US shareholder lawsuit over graft disclosures (Reuters) – Swedish telecoms company Ericsson beat a lawsuit by U.S. shareholders on Wednesday, when a federal judge ruled it did not mislead investors about its compliance with U.S. anti-bribery laws. The lawsuit filed by a Boston-based pension fund claimed that Ericsson had overstated the extent to...
FinCrime prevention company, SEON, accelerates US growth with new CRO hire
Date: April 26, 2023
FinCrime Prevention Company, SEON, Accelerates US Growth With New CRO Hire FinCrime prevention technology expert, SEON, has added considerable expertise to its ranks with the hire of new Chief Revenue Officer (CRO), Matt DeLauro. Matt will help the company as it works to prevent more online financial crime globally, leveraging his previous experience as CRO...
Risky business: FATF short lists identify global Anti-Money laundering deficiencies
Date: April 18, 2023
Three times a year, the Financial Action Task Force (FATF) identifies and documents countries with strong AML controls relating to the FATF 40 recommendations and those without. Those countries with sufficient cause for concern that they have insufficient controls but are committed to improving their controls are added to the FATF watch list, referred to...