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
Achieving Perpetual KYC
How close is the financial world to achieving perpetual KYC? Oliver Wyman shared with us their Global KYC benchmarking study on Global Banking & Markets KYC, which has found that the overall onboarding time for corporate banking customers is a staggering 90-120 days. In
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
Momenta Group further safeguards banks’ KYC with Arachnys partnership
KYC, CDD and KYC refresh given a major boost in efficiency through digitising KYC and investigative processes. Major financial institutions enlisting the support of one of the UK’s leading contingent resourcing firms, to staff key projects around KYC, CDD and
How technology could help banks beat the 6AMLD deadline
Six months and counting. The European Union’s Sixth Anti-Money Laundering Directive comes into effect across its member states on 3 December 2020; regulated financial institutions will then need to be compliant by 3 June 2021. Getting to grips with 6AMLD
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
Inside reputational & strategic risk investigations: Q&A with Laura Hamilton, Falanx Assynt
In our continuing series of interviews, we caught up with Laura Hamilton, Senior Analyst, Business & Strategic Intelligence at Falanx Assynt, who kindly took some time to tell us about her role, her challenges around the reliability of data
Standard Chartered joins forces with Arachnys to boost global AML strategy
Arachnys platform augments Standard Chartered’s global AML monitoring strategy, with a focus on counterparty review and investigations. LONDON, UK, June 19, 2020 / Arachnys — Arachnys, a market-leading platform enabling financial institutions to have confidence in all their KYC, AML
The FinCrime Files – Q&A with Francisco Mainez, Head of Business Financial Crime, Risk Data & Analytics, HSBC
In our continuing series of the FinCrime Files, we caught up with Francisco Mainez, Head of Business Financial Crime Risk Data and Analytics, Retail Banking at HSBC Retail Banking and Wealth Management. Hi Francisco, can you describe your role and
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
Why Russia still needs tighter AML procedures
A range of scandals and investigations have highlighted the pressing need for tighter anti-money laundering (AML) procedures in Russian banks, including customer due diligence and adverse media screening. Although Russia has made some progress on AML, various investigations have alleged