As corporate onboarding frustrations rise in a region where small-to-medium size enterprises make up 99 percent of all businesses, the need for robust Know Your Business (KYB) verification tools has become increasingly crucial for financial institutions (FIs). Several key factors […]
eKYC (electronic Know Your Customer) is the automated process through which companies can perform customer identity verification digitally. eKYC is an alternative to the traditional process that required physical documents. Onboarding rules and regulations for businesses have evolved significantly in […]
The third Financial Action Task Force (FATF) plenary under the two-year Singapore Presidency of T. Raja Kumar took place in Paris on June 21-23, 2023. Discussions focused on: Measures for anti-money laundering and the countering of terrorist financing (AML/CFT) in […]
On 7th June, the UK Payment Systems Regulator (PSR) announced new reimbursement requirements for authorised push payment (APP) fraud victims. In this blog and my video below, I break down what the announcement means and – as someone who has […]
With a government consultation currently underway as of April 2023, Tranche 2 anti-money laundering (AML) reforms may soon come into force in Australia. AML Tranche 2 has already been introduced by countries including the UK, Canada, and New Zealand, and […]
Triangulation fraud is a big concern for financial firms, yet it can be challenging to detect because, at first glance, all the actors appear legitimate. Firms can improve triangular fraud detection and prevention with smart software that utilizes artificial intelligence […]
If you’ve found this article, the chances are you’re looking for: A fraud detection tool that’s powerful, efficient, and scalable. A way to quickly tell what differentiates leading solutions. How respected third parties assess top fraud and AML vendors’ capabilities. […]
Artificial intelligence and machine learning: Are they interchangeable? Artificial intelligence (AI) is an umbrella term referring to all the methods by which machines imitate human cognition – for instance, decision-making, data analysis, and the ability to solve problems. One of […]
Ever wished you could get your head around a vendor’s fraud detection solution in just 2 minutes? Wish no more. In this short video, Kieran Thompson, Senior Presales Consultant at ComplyAdvantage, walks you through the key reasons why leading financial […]
We know offering a market-leading Fraud Detection solution isn’t enough. Our customers rightly expect a speedy, smooth implementation process and outstanding expert service throughout their time with us. In this video, Oliver Furniss, Chief Product Officer, and Josh Sugarman, Senior […]
In the intricate world of financial crimes, there are numerous techniques employed by individuals and criminal organizations to obscure their illicit activities. Among these techniques, two common practices stand out: smurfing and structuring. What is structuring? Structuring occurs when someone […]
When asked which area of their AML compliance program they’re most focused on improving, 40 percent of firms highlighted fraud detection. But with so many vendors on the market offering a range of products, what criteria should firms use to […]
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