AI and machine learning build AML programs
How AI and machine learning can help build better AML programs
August 6, 2021
As financial institutions move towards FATF-recommended risk-based AML programs, artificial intelligence (AI) and machine learning can help them be more effective and efficient in the fight against financial crime.    The global framework for fighting financial crime white paper by The Institute of International Finance and Deloitte LLP highlights that: There is growing consensus that [...]
AML compliance officer
Regulatory expectations are evolving: How robust is your AML program?
August 4, 2021
Managing financial crime is very complex and presents several challenges for financial institutions to develop robust anti-money laundering (AML) programs and meet compliance requirements.   AML compliance officers understand the importance of keeping one step ahead of criminals trying to find weak points in their financial systems to exploit. Continuous discussions by industry leaders at [...]
Anti-money laundering landscape
A closer look at the ever-changing anti-money laundering landscape
August 2, 2021
In the fight against financial crime, the anti-money laundering landscape is ever-changing.   The global battle against financial crime is a challenging one fought by governments, regulatory bodies, and industries. Every financial institution and organisation that provide financial services must better equip themselves against the growing threat of money laundering.    Financial institutions are the [...]