If you’ve found this article, the chances are you’re looking for: A transaction monitoring solution that’s scalable, efficient, and powerful. A way to compare leading providers and their offerings. A straightforward list of features and use cases. This article summarizes […]
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In our 2023 State of Financial Crime report, 99% of senior compliance professionals said they use AI to enhance transaction monitoring. Yet deficient technology is still contributing to inadequate financial crime risk management. For example, in August 2022, New York’s […]
A bootcamp series for financial institutions on managing and running a best-in-class transaction monitoring process. Covering process design, transaction analysis, OSINT research, and more.
Many firms believe risk-based transaction monitoring means stricter rules, more alerts – and more costs. Yet is this really true, or could this approach be costing firms in unexpected ways? At ComplyAdvantage, our implementation and customer success teams support our […]
From COVID-19 to the Russian invasion of Ukraine, global events are significantly changing the behavior of criminals and legitimate customers alike. In turn, these changes have impacted firms’ transaction risk management frameworks. In an interview with global financial crime consultancy […]
Firms typically focus on improving their fraud prevention and detection measures to mitigate risk and reduce financial losses. But what is fraud prevention, and how does it differ from fraud detection? Are the two functions completely separate? Most importantly, what […]
Specializing in international cash management solutions, financial services company Ebury partnered with ComplyAdvantage to build a fit-for-purpose transaction monitoring (TM) rule set that could keep pace with the company’s rapid growth. Ebury is fully regulated in 21 countries and offers […]
On February 9, 2023, the Hong Kong Monetary Authority (HKMA) published revised guidance relating to transaction monitoring, screening, and suspicious transaction reporting. The paper replaces previous versions that were published in 2013 and 2018, highlighting key observations from the HKMA’s […]
To deliver an effective, compliant fraud and anti-money laundering (AML) program, many firms decide to partner with a regulatory technology (Regtech) vendor. The vendor evaluation process often focuses on factors like the scope and quality of their data, ease of […]
Efficient and accurate data analysis is vital for effective AML/CFT programs – yet AML teams using legacy transaction monitoring programs frequently deal with backlogged systems. Their analysts often experience burnout from processing high volumes of alerts with too many false […]
Banks need a new approach to detecting financial crime. This hands-on guide explores how AI can be deployed in transaction monitoring systems today, improving alert remediation and helping compliance teams better identify networks of illicit activity.
Lumon has provided overseas payments and foreign exchange services to private individuals, small-to-medium enterprises (SMEs), and larger corporates for over two decades.