Home Tags Consilient
Tag: Consilient
What banks keep missing in the $300bn CMLN problem
Chinese money laundering networks (CMLNs) are no mystery to the financial crime community, yet the money keeps moving.
According to research from Consilient, which recently...
Can AML keep pace with AI-driven financial crime?
In early 2024, a finance worker joined what looked like an ordinary video call with the CFO and a group of senior colleagues. In...
9 risk management solutions that should be on your RegTech radar...
Risk management is one of the core foundations of a firm’s compliance workflow. When implemented effectively, risk management helps ensure compliance processes are not...
Sigma360 and Consilient partner to fight financial crime
Sigma360 and Consilient, a pioneer in federated machine learning for financial crime discovery and prevention, have announced a strategic partnership.
The integration addresses a critical...
pKYC vs periodic reviews: the future of EDD
Banks do not typically fail at KYC because they are short of data. They fail because customer risk too often stops evolving once onboarding...
Why hybrid human–AI models are redefining AML
Across the financial sector, expectations around anti-money laundering are changing rapidly. Banks and regulators are aligned on one point: static rules engines and fragmented...
Building trust in AML AI with transparency and testing
AI is transforming AML, but one critical challenge persists: transparency. In regulated industries, credibility rests on explainability. If executives can’t understand a model, they...
How federated learning can disrupt fentanyl laundering
Fentanyl has become one of the deadliest threats in the global drug trade, killing thousands each year. The flow of money that supports it...
Monzo’s FCA penalty shows growth isn’t success without control
Monzo Bank has been fined £21m by the Financial Conduct Authority (FCA) for serious failings in its financial crime controls, marking the tenth enforcement...
Inside the push for cross-border AML collaboration
Criminals thrive on inconsistency. In the world of anti-money laundering (AML), gaps in jurisdictional oversight, fragmented reporting frameworks, and variable regulatory standards create opportunities...