Banking professionals understand the importance of their companies’ reputations. Research by media communications specialists Weber Shandwick found that global executives attribute 63 percent of their company’s market value to its reputation. Yet, unexpected events and resulting bad news can quickly […]
At the heart of all anti-money laundering and terrorist financing (AML/TF) regulation is the risk-based approach (RBA). The RBA recognizes that the risk profile of a bank’s customers varies widely and thus risk mitigation measures need to be proportionate. While […]
In its recent research, Celent interviewed tier 1 banks on the use of adverse media screening, revealing powerful insights into its potential value.
Lumon has provided overseas payments and foreign exchange services to private individuals, small-to-medium enterprises (SMEs), and larger corporates for over two decades.
New planned AML regulations in the EU will reinforce the importance of a risk-based approach for banks. Automated, scalable adverse media solutions are an important component of this, enabling banks to conduct comprehensive customer risk assessments, taking into account a […]
For many early-stage, fast-growing fintechs, implementing anti-money laundering compliance tools and processes can be a challenge. This guide is designed to provide startups with practical tips to enable them to build a compliance function that can scale with their businesses.
This annual report, based on a global survey of 800 compliance professionals across North America, Europe and Asia Pacific explores some of the biggest financial crime challenges firms are facing.
Banks offering digital-first services are redefining how consumers worldwide access and interact with their money. This guide explores how digital banks can successfully build and scale an AML program.
A thorough AML programme has many moving parts, and adverse media screening is arguably one of the most important for preventing financial crime. Onboarding a client that has known risk could have severe consequences for your reputation, and also puts […]
In recent months we have undergone a significant undertaking to revise our Adverse Media categorization. We have upgraded from 7 standard categories to 14 precise FATF-aligned categories. This is designed to enable our users to spot risks more effectively and […]
Santander UK has successfully cut the customer onboarding cycle time from 12 days mean cycle time to 2 days.
Paxos was able to reduce their manual processes and completely automate their onboarding workflow.
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