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Experts have welcomed a Financial Action Task Force report highlighting new technologies that can help fight financial crime. The task force emphasised how advances — such as customer due diligence tools, artificial intelligence and blockchain — can make anti-money

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

“Incremental” is a word that is often used to describe the pace of AML/CTF reforms in Australia. The release in 2021 June of the latest Tranche 1.5 by the AUSTRAC is emblematic of the glacial pace at which reforms

Of all the environmental crimes, illegal logging (including illegal land clearing) is understood to be the most profitable. The illegal timber trade is said to account for up to 90% of tropical deforestation in some countries and attracting the

When it comes to fighting financial misconduct, open banking has a light and a dark side. It has the potential to help fight criminals, and to be exploited by them. If banks and financial technology firms (fintechs) are alert to

More and more lives and behaviours are migrating online and into the digital sphere, from socialising and working to how finance is accessed and used. Developments in technology such as Artificial Intelligence (AI) combined with non-face to face forms

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

Greek myths tell the story of the Lernaean Hydra, a vicious monster with many heads. The serpentine monster was nearly impossible to kill, as its heads would regenerate when chopped off. In many ways, human slavery is like the

Last summer, the Federal Bureau of Investigations (FBI) stated in a leaked intelligence bulletin that they believe that nearly $10 trillion in private investment funds are being used as vehicles for laundering money. Despite these concerns, when the Anti-Money

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