Insights

ComplyAdvantage is pleased to announce two significant updates to its PEP data following the recent general elections in the UK and France. UK general election Following the UK general election on July 4, 2024, the BBC called the result a […]

(London) July 2, 2024 The G2 summer reports are out, and ComplyAdvantage has been placed in the Leader Quadrant for Anti-Money Laundering for a third consecutive quarter. Additionally, for the first time, the company has been placed in the Leader […]

The Financial Action Task Force (FATF) concluded its sixth and final plenary under the presidency of T. Raja Kumar of Singapore on June 28, 2024. Delegates from over 200 jurisdictions and observers from international organizations gathered in Singapore for three […]

Each year brings a host of consequential new anti-money laundering (AML) regulations, and 2024 is no exception. Various regulators plan a raft of reforms with significant consequences. We’ve selected five key changes for this article – due to the global […]

In regular times, 2023 would have been seen as a busy year in geopolitics. But in the wake of the Russian invasion of Ukraine in February 2022 and the massive Western sanctions in response to it, it seemed relatively quiet […]

The advent of a new year can prompt dread and excitement – some brace for another 12 months of bad news, while others are excited about the possibilities ahead. As a compliance industry veteran, experience tells me a little of […]

2023 saw financial crime risk professionals contend with increasing geopolitical turmoil, economic volatility, and rapidly changing criminal behavior. In 2024, with more than 40 national elections, a growing focus on terrorist financing, and continued technological development, these issues – and […]

Following October’s plenary, the Financial Action Task Force (FATF) issued new guidance relating to cyber-enabled fraud (CEF). In the report, the global watchdog analyzed how the cyber fraud landscape has evolved, its links to other crimes, and how criminal syndicates […]

On November 7, 2023, additional members of a multi-million dollar health care fraud and money laundering conspiracy were indicted after generating over $500 million in fraudulent prescriptions. Led by defendant Brian Michael Sutton, the criminal group allegedly used their pre-existing […]

SEPA Instant requires payment service providers to screen at scale regularly and on an ad-hoc basis. Download our guide to prepare your firm.

In a year with 40+ national elections and a volatile geopolitical outlook, there is an intense focus on the challenge of corruption. How should compliance teams respond?

Following a review of its AML/CFT framework, the European Union is preparing to introduce a suite of new regulations that will have significant implications for firms operating in, or doing business with, EU countries.

From managing PEPs to regulating AI, the State of Financial Crime 2024 is packed with insights from our annual survey of 600 senior financial crime decision makers.

Read our guide to discover how organisations are planning to invest in technology in the future – and where they still rely on human expertise to improve their compliance programs.

Over the last decade, the rapid rise of new digitally-based insurtech firms has disrupted an industry long dominated by a select group of incumbent providers.
Ambiguity around insurtech’s anti-money laundering (AML) and fraud obligations – alongside inconsistent enforcement – has added further complexity.

This new guide aims takes a comprehensive and practical look at the PEP landscape and how firms should navigate it. We also draw on insights from ComplyAdvantage’s high-performing, proprietary PEP database to explore how PEP demographics vary in major economic centers.

Over the last decade, US authorities have expressed concerns about the role played by illicit finance in high-end residential purchases. International bodies such as the Financial Action Task Force (FATF) have also expressed concern. In particular, FATF highlighted real estate agents’ lack of regulatory coverage in the Bank Secrecy Act (BSA), the country’s main AML/CFT legislation.

This guide, written by compliance experts at ComplyAdvantage and Resistant AI, explores the growing regulatory momentum around AI in the United States. It explains existing and proposed federal and state legislation and provides practical tips for compliance leaders looking to ensure their firms keep pace with regulators.

Hafnia is a shipping company specializing in the transportation of energy commodities such as gasoline, diesel, and jet fuel. It combines a wealth of industry expertise with a modern fleet of approximately 200 vessels designed for efficient and safe transportation, […]

Phillips is a premier global auction house specializing in the sale of fine arts, antiques, and collectibles. Founded in 1796, its primary auctions and exhibitions are held in New York, London, Geneva, and Hong Kong, with operations extending across Europe, […]

Monex is a global e-money institution that specializes in commercial foreign exchange (FX) services. Headquartered in Mexico, the Monex group of companies has experienced significant growth in recent years, serving a wide range of customers from financial institutions (FIs), large corporates, […]

Allianz Benelux offers life, health, and property insurance for individuals and small to medium businesses (SMBs) in Belgium, the Netherlands, and Luxembourg. The company is part of the global Allianz network – one of the world’s largest insurance companies, with […]

Founded in 2017, Beem is a free mobile payment app with over 1.5 million customers in Australia. It specializes in facilitating peer-to-peer transactions, storing loyalty cards, moving money between accounts, and enabling purchases. To date, Beem has processed over $1 […]

Founded in 2014, Banxa is a leading infrastructure provider enabling businesses to embed cryptocurrency infrastructure into their platforms. Having processed billions of dollars in transactions, Banxa plays a vital role in onboarding companies and users to crypto through an extensive […]

An award-winning FinTech that provides Southeast Asians with a full suite of financial services, BigPay partnered with ComplyAdvantage for customer screening and transaction monitoring. The firm operates in Malaysia and Singapore, offering more than 1.4 million users services such as […]

Atlanticus is a technology company that enables banks, retailers, and healthcare providers to offer more inclusive financial services including loans and credit cards.  A core part of Atlanticus’ business portfolio is the two credit card brands it supports, Aspire and […]

An investment company aiming to help everyone invest simply and affordably, Freetrade partnered with ComplyAdvantage to conduct ongoing customer screening. The firm is authorized by the UK’s Financial Conduct Authority (FCA) and the Swedish Financial Supervisory Authority (FSA), and its […]

The introduction of new regulations and real-time payment rails has created challenges for cross-border payments firms looking to grow their business. The payments industry in the UK is adjusting to the new reality of APP fraud reimbursement, while in Europe, […]

Corruption is a pervasive issue that transcends borders and impacts economies, governance, and society. As the World Bank states, “Corruption hinders economic development by reducing domestic investment, discouraging foreign direct investment, encouraging overspending in government, and distorting the composition of […]

Despite being the second-smallest country in Europe, Monaco is considered a major international banking center. It is not a member of the European Union but uses the euro through a monetary union with France that was established in April 1945. […]

The October 2024 Plenary meeting of the Financial Action Task Force (FATF) in Paris, led by President Elisa de Anda Madrazo, concluded with several critical updates for compliance professionals, including: Completion of the FATF’s fourth evaluation cycle. Changes to the […]

The first recorded use of sanctions was in 432 BC, and while they’ve only been commonly used in their current form for several decades, the fundamentals of how they’re applied haven’t changed.  Yet technological advances have reshaped the world around […]

This article was originally published by UK Finance in July 2024.   In my discussions with compliance leaders across leading financial institutions (FIs) this year, a recurring theme has been managing politically exposed persons (PEPs) and their associated data. With […]

The international sanctions landscape continues to evolve at pace, with new designations constantly coming into effect: the US alone made 2500 additions to its primary sanctions list in 2023. In this ever-evolving environment, financial institutions (FIs) and other regulated businesses […]

Named by the Council of Europe as one of the most recurrent predicate offenses of money laundering, corruption is considered one of the greatest threats to economic development and good governance. For this reason, it was also listed as a […]

In February 2024, the European Parliament issued new regulations to ensure financial transactions reach their recipients instantly across the European Union. The new rules update certain regulatory requirements for banks and other types of payment service providers (PSPs). In addition […]