Tag: PEP Screening

In the fight against financial crime, artificial intelligence (AI) and analytics often capture attention, but the real foundation of effective anti-money laundering (AML) programmes...

Money laundering and financial fraud continue to present major risks to the UK’s financial system, placing strong emphasis on AML processes. One of the...

Artificial intelligence has become the default answer to many financial crime compliance challenges. Alert volumes are too high, rules are too rigid, and compliance...

For more than two decades, financial institutions have been preoccupied with the challenge of reducing false positives in anti-money laundering (AML) processes. But this...

In the fight against financial crime, two tools stand out as critical to anti-money laundering (AML) strategies: transaction screening and transaction monitoring. While often...

In the UK, the fight against money laundering is a shared responsibility across the economy, requiring all relevant businesses to recognise and report suspicious...

In 2025, the ability to effectively identify Politically Exposed Persons (PEPs) has become crucial in the financial sector's battle against money laundering and corruption. PEPs, due to their influential roles, are at higher risk of engaging in illicit activities.

Politically Exposed Persons (PEPs) represent a significant risk for money laundering and corruption within the financial sector. Alessa, a leading provider of Anti-Money Laundering (AML) compliance software, emphasises the critical importance of accurately identifying and screening PEPs before any business engagement.

Moody's Analytics recently took the opportunity to explain how screening for politically exposed persons can strengthen KYC processes.