How International Bank of Azerbaijan Aims to Stop Financial Crime
Azerbaijan's largest bank has started using FICO software to take an integrated approach to combating financial crime - money laundering and terrorist finance
Digital ID Proofing – Why Fraud & Compliance Must Work Together
Fraud and compliance must work together to put the customer at the heart of eKYC strategy
AML: Are You Checking Ultimate Beneficial Ownership Right?
The availability of leaked documents such as the Paradise and Panama Papers provides an alternative source of data that can help identify suspicious organizations
Financial Crime Compliance Predictions 2020: More AI and Robots
The key to reducing false positives while detecting more money laundering and other financial crimes is to radically improve detection
Financial Crime Compliance Predictions 2019: Stop the Scandals!
Due to all the fines and scandals in 2018, I am convinced that AI will play a more important role in financial crime compliance.
Tax Evasion: Have We Learned the Panama Papers Lesson?
To comply with tax regulations, it is a must for a bank to check customers against these lists to avoid non-compliance, a damaged reputation and the support of illegal activity.
Two Ways to Prevent Money Laundering Scandals
The directives are clear for all EU entities, and the lack of compliance in the recent Baltics case has hurt the bank's share price and reputation.
A Case of Holistic Financial Crime Management
Banks are really starting to take a more integrated approach to financial crime management, and our announcement today about First National Bank (FNB) of Lebanon is a case in point.
AML Case Management: A Better Approach
Clearly, we need other approaches to AML case management than hiring investigators. An increase in both effectiveness and efficiency of the overall compliance process is required.
Financial Crime Predictions 2018: Here Comes AI
Looking ahead to 2018, I predict a rising trend for organizations to do four things better than today in the realm of financial crime.
The Paradise Papers - the Secret Is UBO
Ultimate beneficial ownership (UBO) identification and verification needs to become an essential component of customer onboarding and ongoing customer due diligence processes.
Regtech: We Help Nonprofits Do Good by Stopping Bad
The last thing an organization with the tagline “We Power Good” wants to do is inadvertently power bad things — things like money laundering, tax evasion or terrorist financing. That’s why GVNG is now working with FICO.
AML on AWS: Breaking Through the Compliance “Cloud Ceiling”
I predicted last year that in 2017 financial crime compliance would break through the “cloud ceiling,” and we are certai...
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