Tag: false positives

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...

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

For compliance teams in financial services, the biggest threat to effective surveillance may not be missed misconduct but the sheer volume of meaningless alerts....

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

Financial crime compliance (FCC) teams face a problem that headcount alone can no longer solve. Alert volumes keep rising, investigations sprawl across disconnected systems,...

Years spent hunting for red flags can rewire the way compliance professionals see the world. Unusual transactions, oddly phrased emails and businesses that never...

Banks are racing to adopt AI-driven surveillance, but new research shows almost none of them have the underlying data to make it work. According to...

Adverse media screening is too often treated as a box-ticking obligation rather than a genuine early-warning system, and that mindset is leaving financial institutions...

Financial institutions can no longer debate whether to replace ageing financial crime compliance systems, only when and how, according to a new buyer's guide...

Something quietly broken sits at the heart of financial crime compliance at most major banks: the screening systems are working perfectly, and that is...