The ever evolving data challenge for effective Customer Due Diligence
Highly regulated institutions face many challenges now that there is an increased need to “know” their customers. Typically, companies need to go deeper and broader with onboarding, monitoring and AML investigations, driving up completion times and often requiring a
InsideArachnys – Q&A with Renzhi Zhou, Junior Software Engineer
Welcome to InsideArachnys, a series of interviews where we speak to the people behind the Arachnys platform. This month, we caught up with Renzhi Zhou, our Junior Software Engineer based in London. Hi Renzhi, can you tell us a little bit
Gambling AML: an industry still flush with fincrime
Financial gain is a gamble that can pay off for opportunistic criminals, and it is evident that the lucrative gambling industry has been a major target for money launderers for a long while, particularly in the UK. It is an
How gold trading continues to trouble AML investigators
As a commodity synonymous with exuberant sums of money, gold has long been a glittering opportunity for financial criminals. Not only an attractive proposition at face value, digging deeper it’s also noteworthy that the trafficking of gold is, remarkably,
What we’ve learned as a Fintech startup through the COVID-19 lockdown
It’s been almost four months (and counting) since the UK imposed a nationwide lockdown in light of the COVID-19 pandemic, and fortunately Arachnys was fully prepared for the remote-first plan that was to follow. The prospect of working from
InsideArachnys – Q&A with Will Ellis, Interim Head of QA
Welcome to InsideArachnys, a series of interviews where we speak to the people behind the Arachnys platform. This month, we caught up with Will Ellis, our Interim Head of QA based in London. Hi Will, can you tell us a little
The ambiguous picture of money laundering in UK real estate
An ongoing minefield for financial crime in the UK has been the property market. Whether this includes cheaper for-rent businesses and accommodations nationwide (with university digs being a matter of great concern recently), or high-end properties attracting the crime
Filling in the ‘grey area’: the future for UBO registers
The release of ultimate beneficial owner (UBO) registers has become mandatory in the EU following the 5th Anti-Money Laundering Directive (5AMLD), and it could have some extremely positive ramifications for financial institutions. Although, this has quickly shown itself to
How to achieve a single source of truth for AML & KYC data [podcast]
David Buxton, CEO and Founder of Arachnys joins the Captivated Audience Podcast to discuss the single source of truth approach for data aggregation, the spectrum of data sources relevant for financial crime prevention, desktop bots and the essential role
Marijuana due diligence: retrospectives, reviews and predictions
Marijuana legalisation is a burgeoning topic for, not just the financial services domain, but wider society as a whole. Not many other industries have had such a to-and-fro of opinion in the past few years, coupled with an increase
Webinar Replay: AML Data Challenges & Perspectives with Dev Odedra
In our latest webinar, we interview AML expert Dev Odedra on pertinent issues that resulted from our AML/KYC Data Survey, in regards to anti-money laundering in the financial industry. In this half hour discussion, we look into such issues as
The FinCrime Files – Q&A with András Bácsfalvi, Chief Compliance Officer at MKB Bank
In the latest of our FinCrime Files interviews, we caught up with András Bácsfalvi, Chief Compliance Officer at MKB Bank. He discusses his view on releasing UBO registers in the EU, developments in AML since the cornonavirus outbreak and