Applying Technology To Financial Crimes Compliance
How can banks best apply technology to help with their financial crime compliance processes, particularly when the rapid advancement in the space? AML RightSource Creative Director Elliot Berman sat with CEO Frank Ewing and Head of Product David Buxton at
Streaming and vaccinations: cooperation necessary to combat covid-19 fincrime
Financial crime’s movement online is not a new phenomenon. Since the internet’s arrival, subsequent boom, and the remarkable increase of technological capabilities from then on, criminals have altered their tactics to maintain fraudulent activity on the web. And no
The increasing risk of money laundering through illegal dog trafficking
Criminals will infiltrate any business that will garner financial gain, or cover up their other illicit activities. We’ve already seen this through fishing, the cattle trade, and through shipments of gold. But while these industries may seem far-flung to
Know Your Crypto: How KYC and AML are helping cryptocurrencies go mainstream
Cryptocurrencies have risen up the ranks from being a nascent concept to a legitimate commodity that banks are looking to invest in. So much so, that regulatory bodies have had to adapt to an ever-shifting change in compliance, investigating
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