Stop poor data quality from deteriorating your AML program effectiveness
Auditors won’t excuse poor data, so why do you? Don’t get caught with bad data quality – take matters into your own hands, starting today.
Measuring the effectiveness of your AML program
Compliance practitioners have long struggled with the notion of an effective compliance program. But what does it mean to be “effective”?
Your organization missed a true hit – what happens next?
Nobody is safe from missing a true hit, it’s critical to have an action plan in place to protect your organization. Here are 4 steps to follow to limit damages.
The Importance of Matching Technology in AML Compliance
Regulators require MLRO and Chief Compliance Officers to understand and explain how their matching technology works. Whatever matching technology you choose, you will need to demonstrate its effectiveness in tackling financial crime for your business.
In memory of Her Majesty Queen Elizabeth II
It is with great sadness that we note the passing of Her Majesty Queen Elizabeth II.
9 things to consider when evaluating an AML solution
With ever evolving regulatory requirements, selecting an AML vendor can become a daunting task. Laying out the critical components of different AML solutions lets you easily evaluate and find the right software for your business.
Patrick Callaghan to drive expanded healthcare initiatives at Innovative
Innovative Systems welcomes Mr. Patrick Callahan to our team to meet increased customer demand within the healthcare field for AML and data quality.
Hidden Wealth – Hidden Ownership: The impact on successful sanctions to punish Russia
When looking at the current, unprecedented, and coordinated round of western sanctions on Russia, their effectiveness can immediately be questioned by the lack of transparency around ownership of financial and physical assets.
The Right Data for KYC Success
In today’s world of financial crime compliance, there is a concerted effort from regulators to push the limits at least in the minds of many know your customer (KYC) and anti-money laundering (AML) practitioners on KYC requirements.
Yet Again – Perception is Reality. What Do the Pandora Papers Tell Us Today?
Today, when one hides the identity of the true owner of funds, the only conclusion – the only perception – that will be reached is that the funds were the result of some nefarious activities. Gone are the days when the true owner of the funds can hide …