InsideArachnys – Q&A with German Syroezhkin, Senior Software Engineer
Welcome to InsideArachnys, a series of interviews where we speak to the people behind the Arachnys platform. In this edition, we caught up with German Syroezhkin, one of our Senior Software Engineers in London. Hi German, can you tell us
Are grey area NFTs the new source of crypto-concern for AML?
“What does NFT even stand for, anyway?” Perhaps these words have resonated with you the past few months in conversations with colleagues or friends. While seemingly a throwaway josh, it echoes an unfamiliarity that many people working within financial
How can AML analysts effectively make the most of alternative data
Part of an AML analysts’ workload involves the scrupulous investigation of ‘suspicious activity’ that could pass through a financial institution and be alerted through their internal systems. One way in which an analysts’ life can be made easier is
Concerning our coasts – money laundering and trafficking in global fishing
The catastrophic effects of the global fishing industry have never been so readily accepted as now. Environmental agencies focusing on our waters and their complex natural systems - such as Sea Shepherd in the UK - have worked tirelessly
The money mule pandemic which continues to challenge banking AML
There have been a multitude of negative aspects to life during the Covid-19 pandemic. The UK has recently surpassed the one-year mark since locking down for the very first time to reduce hospital admissions and reduce the infection rate.
The rise of adverse media screening in KYC, AML and CDD
In highly regulated industries, the need for enhanced due diligence (EDD) on customers and counterparties has never been so necessary. In the case of tier one banks and other large financial institutions (FIs), compliance protocols can differ between jurisdictions
The FinCrime Files – Q&A with Colette Best, Solicitors Regulation Authority
In this edition of our FinCrime Files interview series, we caught up with Colette Best, Director of anti-money laundering at the Solicitors Regulation Authority. Q. Hi Colette, could you tell us a little about yourself and your current role? I have
The KYC & AML challenge for banks [infographic]
Opening corporate accounts at banks is a laborious process which contains multiple friction points. With such a tough KYC challenge on their hands, it is not just the customers that can be disillusioned by a poor customer experience, but
InsideArachnys – Q&A with Iain Rodger, Principal Data Scientist
Welcome to InsideArachnys, a series of interviews where we speak to the people behind the Arachnys platform. This month, we caught up with Iain Rodger, our Principal Data Scientist based in Scotland. Hi Iain, can you tell us a little bit
Smoke signals: money laundering and the illegal tobacco trade
One of the key crimes that has alerted financial institutions and regulators is trade-based money laundering (TBML). While we have looked into the issue before here at Arachnys, the complexity that TBML comprises (its wholly global remit and the
The FinCrime Files: top challenges for financial institutions
2020 saw many challenges for all. For financial institutions (and organisations across various industries tackling financial crime) the rise in cyber crime for financial institutions during a global pandemic became worryingly commonplace. With financial crime and AML processes being front-of-mind
Webinar: Identifying human trafficking through AML and alternative data
In the latest Arachnys webinar, we welcomed Steve Farrer to join our CEO and co-founder David Buxton to discuss the prevalent issue of human trafficking and how banks can identify this criminal activity using alternative data in AML. As one