AML compliance Insurance Customer stories Luko Significantly Reduces False Positives and Incorrect Hits Luko can now easily customize parameters, change match statuses and escalate alerts to other team members, and the clear audit trail provided by the tool ensures compliance obligations are met. 2 minute read
AML compliance Payments Customer stories Volopa reduced manual effort and time to onboard Volopa can now onboard a large number of customers in seconds, compared to a previous average of 1½ to 2 hours per customer. 1 minute read
AML compliance Knowledge & training US Anti-Money Laundering Act 2020: Key Highlights On 1st January 2021, the US Senate passed the Anti-Money Laundering Act 2020 (AMLA). Part of the National Defense Authorization Act for Fiscal Year 2021, the US Anti-Money Laundering Act introduces the most significant reforms to anti-money laundering laws and […] 6 minute read
AML compliance Reports The State of Financial Crime 2021 In our annual industry report here at ComplyAdvantage, we explore how technology and geopolitics are set to shape financial crime compliance. 1 minute read
AML compliance Knowledge & training How to comply with Canada’s AML requirements Canada’s status as the second-largest economy in North America and as a major center for business and finance means it faces significant money laundering risks. In 2021, the Financial Action Task Force (FATF) provided an update on its assessment of […] 7 minute read
AML compliance Knowledge & training Automating AML/KYC for digital assets Automating and enhancing AML/KYC compliance for digital assets The Know Your Customer (KYC) process is a fundamental component of anti-money laundering regulations in jurisdictions around the world. However, with the rise of disruptive blockchain technology and increased global use of […] 6 minute read
AML compliance Reports AFC Highlights 2020 A Year in Review: 2020 AML & Anti-Financial Crime Highlights As we close the books on 2020, we look back on an intense year of sanctions, designations, money laundering, cyber crime, fraud and the key trends in AML & anti-financial […] 1 minute read
AML compliance Knowledge & training Free Ports and Money Laundering Risks Free Ports, Free Trade Zones and Money Laundering Risks Free ports and free trade zones (FTZ) are special-status areas in which the tax and customs rules that are applicable within the surrounding jurisdiction do not apply. Usually established to stimulate […] 6 minute read
AML compliance Knowledge & training AML/CFT Risks In the new normal of payments, what are the top AML risks? Have AML/CFT risks been impacted by COVID-19? Apart from being a massive public health crisis, COVID-19 is also sounding the death knell for cash. During the peak of […] 7 minute read
AML compliance Knowledge & training AML in Austria: FMA AML in Austria: Regulations and compliance Austria is one of Europe’s major financial hubs, attracting a range of commercial business interests and offering financial services to customers from all over the EU and the world. The primary financial regulator in […] 5 minute read
AML compliance Knowledge & training Shell companies and money laundering: How to mitigate risks Shell companies and their money laundering risks are a perennial concern for financial institutions (FIs). While not illegal outright, criminals often use shell companies to disguise illegal assets and introduce them into the legitimate financial system. When onboarding businesses as […] 8 minute read
AML compliance Art trade Knowledge & training 5AMLD and the Art Trade The European Union’s Fifth Anti Money Laundering Directive (5AMLD) came into force across all member states on 10 January 2020. The directive set out a range of requirements and amendments to EU AML legislation, including the introduction of a legal […] 4 minute read
