Enhancing Financial Integrity: The Significance of a Risk-Based Approach to Transaction Monitoring

In today’s convoluted financial landscape, ensuring compliance with regulations and identifying illicit activities like money laundering and fraud proactively has become a top priority for organisations worldwide. A risk-based approach to transaction monitoring emerges as a powerful solution, strategically addressing the evolving challenges that financial entities face. The False Positive Overwhelm Imagine a bank struggling […]

Tackling Trade-Based Money Laundering (TBML)

Trade-Based Money Laundering (TBML) is a sophisticated method used by criminals to complicate and disguise the origins of illicit funds through global trade transactions. Unlike traditional money laundering through financial institutions, TBML exploits the complexities of international trade. TBML is similar to a tricky dance where criminals manipulate invoices, transactions, and paperwork, creating a confusing […]

Unveiling the power of risk-based transaction monitoring in modern compliance

In today’s intricately woven financial landscape, the paramount objective is to ensure compliance with regulations while proactively identifying and thwarting illicit activities such as money laundering, fraud and terrorist financing. Organisations worldwide have elevated this mission to the top of their priority lists. In response, a risk-based approach to transaction monitoring has emerged as a […]

Navigating the EU AI Act: A Proactive Approach to Compliance

As the EU’s AI Act ushers in a new era of AI regulation, businesses are looking to ensure the solutions which they have invested in and planning to invest in align seamlessly with the Act’s core principles. Here’s how the landscape of AI compliance unfolds: 1. Risk Classification and Regulation The Act emphasises categorising AI […]

Maximising Financial Crime Prevention: The Power of Coordinated Controls

In present day, the threat of cybercrime looms large, and organisations are rightfully concerned. However, addressing these concerns and effectively preventing financial crimes requires a comprehensive and sophisticated approach that goes beyond isolated efforts. At ComplyRadar, we firmly believe that the key to success lies in better coordination between anti-fraud and anti-money laundering (AML) controls, […]

Sweden proposes comprehensive ban on gambling with credit

The Swedish Ministry of Finance has proposed an enhanced ban on the use of credit for gambling, which aims to curb gambling-related harm or irresponsible gambling. Existing regulations already prohibit licensed operators from offering credit under the Gambling Act, but the new proposed measures enforce a more robust approach. The Ministry has highlighted the link […]

ComplyRadar: Empowering Fintechs Against Money Laundering Challenges

In the dynamic landscape of financial technology (fintech), and the evolution of digital transactions and global financial services businesses face numerous challenges in preventing of money laundering (ML). This is threatens the integrity of the fintech sector, therefore demanding businesses to invest and implement proactive, efficient measures to counteract effects of ML. This is where […]

Frankfurt to Host EU’s Anti-Money Laundering Authority (AMLA)

Exciting developments in the fight against financial crime as Frankfurt emerges as the chosen host for the European anti-money laundering authority, AMLA. Last week, the Council and European Parliament sealed the deal on the authority’s seat, marking a milestone in the EU’s efforts to strengthen its anti-money laundering framework. Set to kick off operations in […]

How Financial Institutions can harness AI and Machine Learning with ComplyRadar

In the fast paced world of financial services, payment institutions are navigating through and exposed to stringent regulatory scrutiny along with evolving fraud tactics. Addressing these challenges effectively is not simple, businesses require proactive and intelligent solutions to remain ahead of the curve. Enter ComplyRadar, a cutting-edge transaction monitoring solution which harnesses the power of […]

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 […]