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AML RightSource Offers Support for Transaction Monitoring System Selection and Integration
Date: October 26, 2023
AML RightSource Offers Support for Transaction Monitoring System Selection and Integration Consultation and TMS Integration Support for Financial Institutions Led by AML RightSource Financial Crime Advisory Group CLEVELAND (October 26, 2023) – AML RightSource, the leading provider of Anti-Money Laundering (AML), Know Your Customer (KYC), and Bank Secrecy Act (BSA) compliance solutions, has expanded its Financial...
How the Lei Can Help Financial Institutions ‘Address’ a Growing Challenge in Iso 20022
Date: September 25, 2023
How the LEI Can Help Financial Institutions ‘Address’ a Growing Challenge in ISO 20022 The vast complexity and inconsistency of address formats globally presents significant challenges for financial institutions. In this blog, GLEIF’s Head of Business Operations, Clare Rowley, explores why the ability to map relevant address fields from Legal Entity Identifier (LEI) reference data...
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...
Choosing AI to Optimize AML Compliance
Date: August 21, 2023
Choosing AI to optimize AML compliance By Charmian Simmons Financial institutions’ AML compliance functions today are under intense pressure to identify criminal activity more efficiently and effectively as they stop the flow of illicit money in the banking system. Increasingly sophisticated criminals, however, are getting harder to detect with traditional methods. According to the United...
How the Bank of England Is Driving Trust and Transparency With the Lei
Date: July 24, 2023
How the Bank of England is Driving Trust and Transparency with the LEI Tanveer Bhatti, Lead Policy Analyst at the Bank of England, explains the role that the Legal Entity Identifier (LEI) is playing in promoting trust and transparency across the UK’s financial sector. In a report published in July 2022, the Financial Stability Board...
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...