ComplyAdvantage expands its anti-money laundering and compliance offerings by opening New York office

RegTech company ComplyAdvantage has announced it is opening new offices in London and New York and is opening another one in Asia-Pacific later this year.

The business specializes in using data science and machine learning to reduce the risk of financial crimes, including money laundering. Its configurable cloud services automate the fraud detecting and compliance process.

Claiming to have grown its accounting rate of return by 300 per cent since July 2018, the new offices aim to strengthen the company’s foothold in major financial markets.

According to Charlie Delingpole, the founder CEO of ComplyAdvantage, the time for compliance RegTech companies like his is now. “Following the 2018 money laundering scandals such as Danske and Swedbank, compliance is now seen as it should be – as a business enabler and with the right technology it doesn’t need to be a painful or expensive process,” he said.

“As banks and other organizations work to curb financial crime and get ahead of increasingly complex regulatory demands, they’re looking for an efficient and effective solution that’s tailored to their needs.”

ComplyAdvantage was founded in 2014. Today it works with over 450 firms across 45 countries.

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