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Ziglu was able to demonstrate they have the right AML controls in place, when onboarding new customers and receiving their e-money license from the FCA.
Transaction Monitoring
Cryptocurrencies (also known as virtual assets) are introducing new possibilities for users across the financial landscape but are also disrupting the way regulators and financial institutions deal with criminal threats such as money laundering and the financing of terrorism. Discover […]
The flexibility in the tool’s parameters allowed ROBOCASH’s compliance team to configure their screening and monitoring approach to reduce false positives and make quicker decisions on clients.
Volopa can now onboard a large number of customers in seconds, compared to a previous average of 1½ to 2 hours per customer.
The speed and ease of integration allowed Finiata to start managing their risks more quickly and efficiently.
Transaction monitoring, and therefore AML transaction monitoring thresholds, are fundamental components of the risk-based approach to anti money laundering that banks and financial institutions in jurisdictions across the world are required to implement. When customers engage in activity that appears […]
Anti-money laundering (AML) transaction monitoring, is an ongoing process used by financial institutions (FIs) to detect and stop money laundering operations. As firms face increasingly sophisticated methods of illicit activity, effective AML transaction monitoring systems are crucial for detecting and […]
Our focus at ComplyAdvantage has always been to ease the operational burden of AML compliance for our users, by offering a suite of configurable cloud solutions that leverage real-time risk insight. As we move forward, we thought it was about […]
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 […]
A suspicious activity report (SAR) is a document filed by a financial institution (FI) or other obligated entity to report illegal or suspicious activities to regulatory authorities. This is done to aid the global effort to detect and prevent financial […]
The term advisory is misleading. Compliance is about going beyond the minimum standard, so for a company to ignore guidance from an advisory body is misguided at best. Take the Advantage If you disagree just imagine the following scenario. Your […]
When it comes to choosing anti-money laundering (AML) transaction monitoring solutions, companies often face the dilemma of whether to build an in-house system or purchase a pre-existing one. This decision is crucial because it directly impacts firms’ risk management, compliance, […]