How to enhance your risk management with the right technology
Compliance has always been a moving target however ongoing global political tension, economic turbulence, and the avalanche of international sanctions have highlighted the necessity for automated compliance and third-party risk management (TPRM) systems for every business. While trying to stay afoot of the implications of the increasing risks in the way business is conducted, countless organizations have discovered the limitations and inflexibility of their existing compliance or screening systems leaving only one option – change.
The Future of DeFi – Its Impacts on Financial Service Providers and AML
In recent times the crypto currency industry went through a phase of rapid growth which spawned a vast spectrum of projects exploring various use cases for blockchain technology. One of the biggest growth sectors within crypto is DeFi (Decentralized Finance) which started becoming popular in mid-2020.
AML Voices: High Risk Customers: Issues Across Various Financial Service Types
Our expert panel discusses the challenges that non-traditional financial service providers face in dealing with high risk customers and how what is a high risk customer can change depending on the core focus of different FIs.
Stablecoins: The sovereign virtual currency of the future
As digital currencies increase in adoption globally, this disruptive technology has caught the attention of federal institutions around the world, prompting the research and development of state-owned digital currencies. Stablecoins are widely accepted as the solution for sovereign virtual currencies due to their reliability, transparency, and opportunities for financial inclusivity.
AML RightSource Named Finalist in 2022 Banking Tech Awards
CLEVELAND – April 13, 2022 — AML RightSource, the leading provider of Anti-Money Laundering (“AML”), Know Your Customer (“KYC”), and Bank Secrecy Act (“BSA”) compliance solutions, was named a finalist for the 2022 Banking Tech Awards USA under the Tech of the Future - Data, AI, ML & RPA category for its QuantaVerse Financial Crime Platform.
AML Conversations: Cybersecurity Issues Challenging the AML World
John Byrne chats with Brian Szady, Founder of a threat mitigation firm Threatminder, on the various cybersecurity issues challenging the AML world, including ransomware, training staff and defining human as well as artificial intelligence.
AML Conversations: Antiquities Smuggling in the Real and Virtual World
John Byrne sits down with Dr. Louise Shelley and Layla Hashemi, the editors of the new book Antiquities Smuggling in the Real and Virtual World, and Michael Loughnane about the pervasive nature of antiquities smuggling, the adverse impact it has around the world, and how it is being used to launder illicit funds.
How to prevent money laundering through real estate
Money laundering through real estate is one of the common methods for criminals to clean their money as they take advantage of large amounts of money exchanging hands, thus transforming illegitimate funds into a safe investment. According to FATF, real estate accounted for a third of criminal assets confiscated globally between 2011 and 2013.
AML RightSource Welcomes General Counsel Alexandra Lugo
AML RightSource, the leading firm focused on fighting financial crime for clients and the world, welcomes Alexandra Lugo as the company’s general counsel. In this role, Lugo will provide a variety of legal services to the organization and its in-house clients. Lugo will report to CEO Frank Ewing.
