Balkan Entertainment and Gaming Expo

ComplyRadar is currently taking part in the annual Balkan Entertainment and Gaming Expo (BEGE), a conference in the gaming and entertainment industry that serves as a prominent platform to stay informed about regulatory and technological advancements in the Eastern European region. This event, which gathers more than 250 industry representatives from 22 countries, provides an […]

Recap of a successful Gaming Compliance Forum by ARQ Group

Our team managed to establish valuable connections and had engaging discussions with industry leaders, sharing insights on how our solution enhances operational efficiency by leveraging advanced technologies such as Artificial Intelligence (AI) and real-time transaction monitoring. ComplyRadar enables iGaming companies to stay ahead of the game when it comes to compliance while avoiding reputational risk […]

What mechanisms and checks Are typically done for Transaction Monitoring?

comply-radar-aml-compliance

Transaction monitoring typically involves a combination of different mechanisms and checks to detect suspicious activity. Some of the most common mechanisms and checks include:   These mechanisms and checks are typically used in combination to provide a comprehensive approach to transaction monitoring and help detect suspicious activity as early as possible.

Why is transaction monitoring key over and above onboarding checks?

ComplyRadar -What is AML transaction monitoring

Transaction monitoring is key over and above onboarding checks because it helps financial institutions detect and respond to suspicious activity in real-time. Onboarding checks, such as customer identification and due diligence, are important for identifying and mitigating money laundering risks when a new customer is first onboarded. However, these checks only provide a snapshot of […]

ComplyRadar sponsors the Governance, Risk and Compliance Summit

ComplyRadar is sponsoring the Governance, Risk and Compliance Summit 2023 organised by the Malta Stock Exchange. The summit will take place at the Westin Dragonara Conference Centre on 2nd February 2023 and shall address the significant developments in the regulatory frameworks as well as the challenges faced by all practitioners in the financial sector. Financial […]

Effective AML Case Management

Although the identification of suspicious activity is core to an AML solution, an equally important component is the effectiveness of how to manage the investigative processes that follow such alerts. Inconsistent investigative processes, both in terms of approach or in terms of quality, can open up a loophole in the process that can make the […]

Risk Based Approach

Once the customers demand for services increases and business growth ensues, transaction volumes and variety become so large that a one-size-fits-all transaction monitoring approach no longer becomes feasible or effective.  Traditional transaction monitoring rules tend to be set as thresholds impacting most of the customer-base with the least-risk cut-off point.  This results in rules that […]

Powering Anti-Money Laundering efforts with Artificial Intelligence

The question that follows, is how can artificial intelligence assist organisations with combatting Money Laundering? Although in essence the ultimate question which  needs to be answered is a binary one – is a particular activity hiding illicit money laundering activity or not – reaching a simple and correct conclusion is in many cases not an […]