Tag: suspicious activity reports

Anti-money laundering (AML) analysts often join the profession driven by a mission to combat financial crime. Yet many leave disillusioned within a year, worn...

Imagine a financial institution preparing to deploy a new AI tool designed to streamline anti-money laundering (AML) alerts. The promises are compelling: faster triage,...

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...

Fentanyl has become one of the deadliest threats in the global drug trade, killing thousands each year. The flow of money that supports it...

Organised crime groups have long seen trust and company service providers (TCSPs) as a convenient route to launder money and disguise illicit activity. While...

For years, transaction monitoring (TM) in wealth and asset management has lagged behind the standards set in retail banking. Yet, given the complexity of...

As financial crime grows more complex and voluminous, traditional AML systems are struggling to keep up. In 2023 alone, financial institutions in the US...

Anti-money laundering (AML) strategies in the wealth and asset management (WAM) sector are undergoing significant transformations to combat financial crimes more effectively.

When it comes to navigating the challenges of economic crime, establishing a threat matrix can be a key way to steady the ship. This point...

The UK is failing to get to grips with anti-money laundering efforts due to the ‘onerous compliance burden’ according to the UK Law Commission.