Tag: Anti-Money Laundering
Child exploitation: The AML risk hiding in plain sight
The AML and financial crime community rarely confronts the subject of child sexual exploitation head-on, and in the view of Consilient, it is long...
Seedcamp backs Topograph in €2m seed funding round
Topograph, a B2B data infrastructure company that connects compliance teams to official business registers worldwide, has closed a €2m seed funding round to accelerate...
The multilingual gap hiding financial crime risks
Financial crime rarely announces itself in English. Yet many anti-money laundering (AML) monitoring programmes are still structured as though it does. This mismatch between...
Is model governance slowing AI in financial crime?
A new report from Hawk and Chartis has found that nine in ten financial institutions now actively encourage the use of artificial intelligence in...
OPBAS findings highlight need for stronger AML controls
RegTech provider SmartSearch has warned that anti-money laundering (AML) standards must improve across the legal and accountancy sectors following the publication of a new...
Hawk and Commerzbank team up to fight financial crime
Commerzbank, a major German bank, has announced a strategic collaboration with Hawk, a leading provider of AI-powered anti-fraud and AML technology, to strengthen its...
Why KYC is shifting to continuous risk monitoring
The know your customer (KYC) market is undergoing a fundamental structural transformation, according to SymphonyAI, moving away from periodic compliance checks towards AI-driven, continuous...
AML for SMEs vs enterprises: key compliance differences
AML processes are a core requirement for any organisation operating within financial services. However, the way these compliance frameworks are implemented can differ significantly...
Building better AI: a governance framework for finance
Financial institutions racing to adopt artificial intelligence risk replicating other organisations' mistakes rather than solving their own problems.
That was one of the central warnings...
SymphonyAI helps Spanish bank transform sanctions screening
A major Spanish bank has dramatically overhauled its sanctions screening operations after deploying SymphonyAI's SensaAI for Sanctions, achieving a 91.8% reduction in false positives...
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