Adverse media Knowledge & training 6AMLD & FATF: Where adverse media screening fits in 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 […] 5 minute read
Adverse media Knowledge & training Introducing: New Adverse Media Risk Categorization 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 […] 4 minute read
Adverse media Digital banks Customer stories Santander reduced onboarding time by up to 80%. Santander UK has successfully cut the customer onboarding cycle time from 12 days mean cycle time to 2 days. 2 minute read
Transaction monitoring Crypto Customer stories Paxos improves efficiency by 80%. Paxos was able to reduce their manual processes and completely automate their onboarding workflow. 2 minute read
KYC/KYB Payments Customer stories Monneo increased productivity and uncovered hidden risks. ComplyAdvantage’s intuitive user-interface allowed Monneo’s compliance team to quickly optimize their processes and reduce time spent conducting manual reviews. 1 minute read
Adverse media Payments Customer stories Azimo improved AML risk management and reduced false positives ComplyAdvantage’s reliable customer support and transparent whitelisting capabilities and controls allowed Azimo to better manage their client risk through alert and false positive reduction. 3 minute read
Adverse media Customer stories 4Stop reduced false positives and improved results and usability 4Stop reduced false positives and improved results and usability 2 minute read
Transaction monitoring Lending Customer stories Finiata significantly reduced manual workload and time spent managing alerts. The speed and ease of integration allowed Finiata to start managing their risks more quickly and efficiently. 1 minute read
Adverse media Knowledge & training Adverse media screening, predicate offences, and 6AMLD The EU has long tried to determine which predicate offenses drive money laundering. With the latest anti-money laundering directive set to be transposed into law in December 2020, many new predicate offenses will need to be monitored by regulated businesses—screening […] 8 minute read
Adverse media Reports The problem with keywords in adverse media Keywords in adverse media are simple, but they just don’t work very well. Adverse media (AKA “negative news” or sometimes “special interest persons”) is a growing concern for financial institutions. The ability to pre-empt financial crime based on relevant information […] 13 minute read
Adverse media Knowledge & training Why data collection relies on speed Data is made up of qualitative and quantitative information updated every second of every day worldwide. But as data streams increase in size and complexity, the speed at which financial institutions utilize these insights, and the need to ensure that […] 7 minute read
Adverse media Knowledge & training Adverse media screening with AI and why keywords aren’t enough Adverse media aka negative news is no longer an issue that can be ignored by financial institutions (FIs). Using adverse media screening with AI has a powerful impact for any FI. It has the capacity to shield them from facilitating […] 4 minute read
