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The Invisible Threat: How Micro-Laundering Slips Past Traditional AML Controls
How small can a transaction be before it disappears into the background noise? Unfortunately, that’s the challenge facing so many risk teams right now as savvy actors use “micro-laundering” and round-tripping to dodge traditional AML controls. By slicing large sums into tiny, frequent transfers, often across borders and with the help of mules, criminals exploit […]
Transaction Laundering in Payment Gateways: A Hidden Threat to Compliance
As compliance leaders, we often find ourselves facing increasingly sophisticated methods employed by criminals who exploit the vulnerabilities in our defences. One particularly insidious strategy that frequently goes undetected is transaction laundering through payment gateways—often camouflaged behind seemingly legitimate e-commerce sites. At first glance, these websites appear innocuous, showcasing everyday products like clothing and electronics. […]
Velocity, Volume, Variance: Mastering Real-Time Risk Scoring with ComplyRadar
Navigating the waters of compliance and risk management today is no small feat. The challenge we face is stark: outdated methods are failing us as payment systems evolve towards real-time settlement. With payment rails like SEPA Instant and FedNow clearing transactions in the blink of an eye, relying on static risk profiles or periodic assessments […]
Revolutionising AML & Fraud Prevention with ComplyRadar
The payments landscape is evolving at an unprecedented speed. Yet, many institutions cling to outdated risk strategies that simply no longer suffice. We have collaborated closely with compliance professionals for years, we can confidently assert, true risk management requires more than static, rules-based frameworks that miss the intricate realities of today’s transactions. Historically, risk scoring […]
Transforming Anti-Money Laundering (AML) with AI: A Revolution Unveiled
In the world of financial services, staying compliant with Anti-Money Laundering (AML) regulations is not only crucial but also an incredibly challenging task. Enter AI and ML-powered AML transaction monitoring solutions, regarded as the game-changers that are revolutionising the industry! The Rise of AI in AML/CFT The financial world is witnessing a groundbreaking transformation […]
Not All Transactions Are Created Equal: Why Risk Scoring Supercharges Your Transaction Monitoring
Transaction monitoring is crucial, but let’s be honest – wading through large datasets can be a time-consuming nightmare. What if you could prioritise your workload and focus on the activities that truly raise red flags? Enter the ComplyRadar risk scoring module, a game-changer for transaction monitoring solutions. Imagine a system that assigns a risk score […]
Are Fintech’s Winning the Fight Against Money Laundering? A Balanced Look at AML Strategies
The rapid rise of fintech’s has disrupted traditional banking models, offering innovative solutions that promise greater efficiency and accessibility. However, this innovation also presents new challenges in the fight against money laundering (ML). As fintech’s continue to evolve, it’s crucial to assess the effectiveness of their current Anti-Money Laundering (AML) strategies, striking a balance between […]
FIAU Updates GoAML Schema: A Guide for Businesses
The Financial Intelligence Analysis Unit (FIAU) of Malta has recently released a new technical package which includes significant changes to the GoAML XML schema. These updates are designed to enhance the effectiveness of anti-money laundering(AML) reporting, including two new report types and additional indicators. The two new report types are, ‘The Call For Action Report […]
No more technical headaches for risk detection
If you are feeling overwhelmed by complex rules and cryptic alerts, we get it. That’s why ComplyRadar is excited about some new functionality, enter large language AI models – we feel that this will be a game changer for risk management. Picture ditching that mountain of technical rules and getting clear explanations for suspicious activity, […]
Natural Language Querying of ComplyRadar with Generative AI: Unlocking Deeper AML/Fraud Insights
Financial institutions (FIs) are constantly bombarded with data from various sources, making it challenging to extract actionable insights for Anti-Money Laundering (AML) and fraud transaction monitoring. ComplyRadar, a leading AML/fraud solution, provides a powerful platform for analysing this data. However, traditional querying methods can be limiting. This article delves into the transformative potential of Generative […]
