A Guide to Anti-Money Laundering for Crypto Firms

ComplyAdvantage wins RemTech Award

Corporate Knowledge & Training

ComplyAdvantage is proud to announce that it has won the award for Most Innovative Compliance Service at the inaugural RemTech awards. The awards were held at the Global Forum on Remittances, Investment and Development, GFRID2017 they were organized by the International Fund for Agricultural Development (IFAD), the World Bank and the United Nations Department for Economic and Social Affairs (UN-DESA) in New York City at the United Nations Headquarters. The awards recognise exceptional companies who enable and improve remittance services worldwide.  

Remittance firms provide a vital service that makes a huge difference to the lives of some of the world’s least fortunate people. Reducing the cost and increasing the availability of remittances whilst ensuring that money does not end up in the hands of terrorists are extremely important tasks. As such, we are extremely proud that ComplyAdvantage’s innovations are recognised and these remittance payments are thus made possible.” – Charles Delingpole, CEO & Founder, ComplyAdvantage

Helping remittance companies safely move money is at the heart of ComplyAdvantage’s story. Our first clients back in 2014 included Somali MSBs who were faced with the threat of de-risking. Today, we use AI-driven risk data and innovative technology to help global remittance firms automate AML/CTF programs, reduce false positives and stay compliant while giving their banking partners the confidence that illicit finance isn’t slipping through the net undetected.

We specialise in helping global Remittance firms:

  • Spot risks more effectively with richer, comprehensive and up-to-date financial crime risk data from structured and unstructured sources
  • Reduce unnecessary false positives by up to 70% with a tailored and fully risk-based approach
  • Maximise straight through processing whilst staying compliant
  • Exceed regulator and banking counterparty expectations
  • Improve efficiency by reducing time-intensive manual work and automating low-level decisions

This means our remittance clients can onboard customers faster, clear funds in minutes and provide a seamless customer experience – allowing them to focus on scaling their business without having to scale their compliance team and, more importantly, avoid doing business with people connected to financial crime.

We would like to congratulate the other award winners Safaricom, Trulioo, EcoCashDisapora, MONEYTIS, AirPocket, Xoom, Bitso, Everex and TransferTo all of whom provide best in class solutions for remittance providers. A special congratulations must be given to our clients Azimo who won the Judges Choices award for Ease of Use and Adoption.

We look forward to the next RemTech awards in 2019 and to seeing how this exciting industry has evolved, improving financial services for those worldwide who rely on remittances everyday.

Originally published June 20, 2017, updated November 17, 2021

Disclaimer: This is for general information only. The information presented does not constitute legal advice. ComplyAdvantage accepts no responsibility for any information contained herein and disclaims and excludes any liability in respect of the contents or for action taken based on this information.

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