AML

Corporate lookalikes are creating significant challenges for anti-money laundering (AML) and Know Your Business (KYB) checks, with similar company names, addresses and ownership details...

Europe’s new anti-money laundering authority has finalised its customer due diligence rulebook, shifting the focus for financial institutions from collecting extensive customer data to...

A payment can pass through every routine check and still present a serious financial crime risk. A beneficiary name may resemble a sanctioned individual,...

The Financial Action Task Force (FATF), the global anti-money laundering watchdog, has taken Bulgaria, Monaco, Ivory Coast and the Democratic Republic of Congo off...

Canada’s financial intelligence unit has made it clear that credit unions can no longer rely on well-written policies alone. According to Alessa, on 24 September...

Trade-based money laundering (TBML) remains one of the hardest threats to detect across the global financial system. Criminal networks manipulate cross-border trade to move...

AML Analytics has secured a significant growth investment from Covalent Equity Partners, a private equity firm built to scale leading technology platforms in the...

Financial crime is evolving at speed, and artificial intelligence is once again the driving force. Fraudsters are using AI to build ever more convincing...

Brickwood Asset Management, an independent UK value equities investment firm, has selected FinScan, the anti-money laundering (AML) compliance business of Innovative Systems, to continuously...

Anti-money laundering (AML) compliance is usually seen as a concern for banks, but a little-known federal obligation is catching out businesses far beyond the...