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How we use AI to fight financial crime

AML compliance

malaysia aml/cft regime

In 2019, Malaysia’s central bank and financial regulator, Bank Negara Malaysia (BNM), revised the existing Malaysia AML/CFT regime by introducing two policy documents applicable to two broad categories of financial entities. The first document is for financial institutions (FIs) such […]

vendor due diligence aml

Vendor due diligence (VDD) is the process of evaluating a vendor’s financial crime risks before entering into a business relationship with it.  Working with third-party vendors is an essential operational element in many sectors, from established financial institutions (FIs) partnering […]

The Financial Action Task Force (FATF) Travel Rule is an important piece of anti-money laundering and countering the financing of terrorism (AML/CFT) guidance. It states that virtual asset service providers (VASPs) should collect information on transaction senders and receivers.  As […]

What is Transaction Laundering?

Transaction laundering occurs when a merchant selling illegal goods processes payments using the payment service account of a seemingly legitimate merchant, thereby masking the criminal origin of the funds they receive.  As financial services integrate with e-commerce technologies, criminals find new […]

Skyrocketing housing prices and an increasingly prohibitive cost of living have culminated in Vancouver being named the second least affordable place to live in the world, trailing only behind Hong Kong. Unfortunately, the affluence driving these trends didn’t originate from […]

cloud security aml

As financial crime evolves, so do the methods financial institutions use to detect and prevent it. Many implement anti-money laundering (AML) solutions that employ cloud computing technology — and for good reason. Handling AML in the cloud offers companies a […]