Tag: Sanctions screening

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,...

Napier AI, a financial crime compliance technology provider, has linked its Transaction Screening product with LSEG’s newly launched World-Check On Demand, giving financial institutions...

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...

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

For financial institutions, the biggest sanctions risk may not be the names already on official lists, but the ones that have not been added...

Financial institutions racing to embed AI into their compliance operations face a stubborn problem: the technology does not always give the same answer twice....

Anti-money laundering (AML) teams are under growing pressure to process more alerts and investigations without proportionally increasing headcount. Automation can help relieve that burden,...