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 […]

Navigating the Complex World of Evolving Financial Regulations: A Closer Look at Switzerland’s AML Reforms for Beneficial Ownership  

The financial landscape is a dynamic and ever-evolving ecosystem. In an era marked by technological advancements and globalisation, financial regulations are constantly adapting to keep pace with emerging challenges. Switzerland, renowned for its robust financial sector, is no exception to this trend. Recently, the country has been floating AML (Anti-Money Laundering) reforms that particularly focus […]

Navigating the Future of Financial Crime: The Pros and Cons of AI and Machine Learning

The landscape of financial crime is evolving at an unprecedented pace. As technology advances, so do the strategies employed by criminals seeking to exploit vulnerabilities in the financial sector. In response to these challenges, artificial intelligence (AI) and machine learning (ML) have emerged as powerful tools in the fight against financial crime. However, while they […]

ComplyRadar: Preventing AML Nightmares with Real-Time Risk Scoring

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In the world of Anti-Money Laundering (AML) compliance, the stakes have never been higher. Recent AML failures have made headlines this year, exposing international banks that fell short of AML laws. The penalties levied have been nothing short of staggering, well over the £1 million mark, underscoring the gravity of these shortcomings. A Glimpse into […]

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?

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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.

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 […]