Financial Crime Compliance Resources

In our continuing series of interviews, we caught up with Laura Hamilton, Senior Analyst, Business & Strategic Intelligence atFalanx Assynt, who kindly took some time to tell us about her role, her challenges around...

I have a comment…[1]

This post is part of our occasional series on AML program fundamentals which focuses on refreshing foundational knowledge for experienced members of the AML community and providing an introduction to key topics for...

Arachnys platform augments Standard Chartered’s global AML monitoring strategy, with a focus on counterparty review and investigations.

This post is the next installment in Tim White's discussion about managing the migration from one AML transaction monitoring system to another.  The first installment focused on the process of selecting a system, and ...

In our continuing series of theFinCrime Files, we caught up with Francisco Mainez, Head of Business Financial Crime Risk Data and Analytics, Retail Banking at HSBC Retail Banking and Wealth Management.

Marijuana legalisation is a burgeoning topic for, not just the financial services domain, but wider society as a whole. Not many other industries have had such a to-and-fro of opinion in the past few years, coupled with...

A range of scandals and investigations have highlighted the pressing need for tighter anti-money laundering (AML) procedures in Russian banks, including customer due diligence and adverse media screening.

Hi Renata, can you describe your role and a little of your career background?

Currently the Chief Compliance Officer, MLRO and Data Protection Officer atMFEXLuxembourg, I have had a very successful career in the...

• In our latest webinar, we interview AML expert Dev Odedra on pertinent issues that resulted from our AML/KYC Data Survey, in regards to anti-money laundering in the financial industry.

Information Sources

Financial service companies (FIs) have a wide variety of information about their customers. Some of it is personal data, gathered at account opening or as part of a specific transaction, such as a...

The illegal wildlife trade may have been perceived as a relatively low-risk avenue of illicit funds by criminal organisations, but never has the detrimental impact of the illegal wildlife trade been more dire than...

In the latest of our FinCrime Files interviews, we caught up with András Bácsfalvi, Chief Compliance Officer atMKB Bank. He discusses his view on releasing UBO registers in the EU, developments in AML since the...

We are very excited to highlight a staff member each month from our team of superb employees.

AML RightSource May Employee Spotlight: meet Arlene Eley! Ms. Eley is the Human Resources Business Partner in our...

What are the root causes leading to a look-back or remediation project? What are the challenges of a look-back or remediation? How do you create a winning strategy to approach a look-back or remediation?

• In recent years there has been a lot of talk about perpetual (or continuous) KYC. It is a term used to indicate the industry objective of moving away from conducting painful and ineffective periodic review processes....

• “There are some decades where nothing happens, and some weeks where decades happen” – Vladimir Il’yich Ulyanov (Lenin)

“Time won’t let me”[I]

The need to move quickly..

As the AML community grapples with increased fraud and financial crime during this global pandemic, previous regulatory challenges can become even more pronounced....

While we see that the financial crime rate is on the increase due to the coronavirus pandemic, a report from LexisNexis has revealed the worldwide spread of spending in relation to financial crime compliance, finding...

In the latest of our FinCrime Files interviews, we caught up with Caroline Kennedy, Head of Financial Crime Control Operation at Santander UK. She discusses the difficulties behind unstructured data for fighting...

The globe has been halted in its tracks for the past few months due to this ongoing pandemic. It has caused just as much disruption for businesses worldwide as past economic downturns, and still there are those that...

In 2016, illegal gold mining operations in Peru accounted for an estimated $2.6 billion in black market trading, surpassing cocaine as the country’s most valuable illicit export¹. The bulk of this illegal mining is...

“Cause you know sometimes words have two meanings” [i]

As the AML community clearly knows, the Federal Financial Examination Council (FFIEC) has been working for quite some time on the updates to the last iteration...

Continuously building out our source information, provided via theArachnys Data Gateway, we look to give our clients the confidence to perform onboarding, screening and investigations for companies and individuals they...

A mixture of government assistance, and exponential increase in need on behalf of customers, and the continuous need to remain compliant has left many financial institutions (FIs) stretched thin, and scrambling. As I...