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.
It is with great sadness that we note the passing of Her Majesty Queen Elizabeth II.
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.
Innovative Systems welcomes Mr. Patrick Callahan to our team to meet increased customer demand within the healthcare field for AML and data quality.
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.
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.
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 …
The last quarter of 2020 saw the U.S. Treasury issuing an advisory to art market participants alerting them of the high risks to which their industry is exposed – in particular, the risks relating to money laundering and sanctions evasion.
Audience questions and our presenter’s answers from the FinScan January 30, 2020 webinar, “Challenges and Best Practices of AML Screening — Part 1: The Importance of Data.”
The quality of data is extremely important in compliance — it can mean the difference between effective screening and producing unnecessary false positives. Quality data increases the efficiency of screening processes and allows for better matching…