Tag: AML
Ohalo secures £2.8m from YFM Equity Partners to expand data intelligence...
Ohalo, a London-based company specialising in unstructured data intelligence, has announced a new injection of £2.8m in growth capital from YFM Equity Partners.
Navigating regulatory challenges amidst shifting global trends
As 2024 progresses, regulators worldwide find themselves increasingly busy, grappling with the dual challenges of an ever-changing geopolitical landscape and the rapid evolution of...
Investment companies and shell companies: The hidden tools of money laundering
Money laundering is the process of disguising the proceeds of criminal activity as legitimate funds in an effort to conceal their illicit origin.
SmartSearch launches global ID verification solution to combat financial crime
SmartSearch, a provider of digital compliance and AML solutions, has announced the launch of its International Individual Check solution.
Insights from a data scientist: Implementing AI in financial crime compliance
The financial services industry is undergoing a transformation driven by artificial intelligence (AI) technologies, particularly machine learning (ML). These advancements are significantly enhancing anti-money laundering (AML), counter-financing of terrorism (CFT), and sanctions screening as part of customer lifecycle management (CLM).
How Napier AI leads the charge in compliance-first transaction monitoring
The financial sector, including banks, payment firms, FinTechs, and wealth and asset managers, faces significant challenges in interpreting regulatory guidance and converting it into...
How to enhance KYC and CDD processes for better customer experiences
Balancing a seamless customer onboarding experience with stringent compliance measures can be challenging. RelyComply, an intelligent AML compliance platform, recently outlined strategies and best practices to streamline the KYC/CDD process, helping businesses navigate anti-money laundering (AML) regulations while enhancing customer satisfaction.
How machine learning is transforming AML controls in payments
The future of anti-money laundering (AML) controls in the payments industry is increasingly being shaped by machine learning technology. Paysafe’s Giacomo Austin recently spoke...
The intersection of KYB and AML: A guide to business identity...
Know Your Business (KYB) and Anti-Money Laundering (AML) are critical parts of the compliance ecosystem, but how aligned are they? FullCircl, a SaaS platform renowned for eliminating regulatory and verification hurdles, recently delved into the role of KYB in the AML process.
Essential guide to Anti-Money Laundering (AML) compliance in 2024
FullCircl, a SaaS platform renowned for eliminating regulatory and verification hurdles, has offered a complete guide to money laundering regulations 2024. The updated guide explores...
