Building a culture of compliance

There is a global trend in the financial industry today, to tackle compliance through a focus on ethical behaviour and culture. A good compliance attitude can help identify issues early and set standards for the future. What does it take to instill a culture of compliance [...]

2019-05-31T13:35:35+05:30April 9th, 2019|AML Solutions|

Incorporating Anti-corruption into your Compliance Program

Incorporating Anti-corruption into your Compliance Program From diamantaire Nirav Modi’s $1.8 billion fraud against India’s second largest public sector lender PNB, to the pen and pencil manufacturer Rotomac’s swindling of Rs 800 crore loans from state-owned banks, India has its fair share of corruption and financial [...]

2019-03-22T18:56:46+05:30March 22nd, 2019|AML Solutions|

The many faces of money laundering today

The many faces of money laundering today The financial crime landscape is nuanced, with twists and turns. The growing gig economy adds its own layer of complexities to this cliff hanger, creating hitherto unimagined opportunities for criminals to launder money.   The gig economy’s agile ecosystem [...]

2019-03-15T16:08:04+05:30March 15th, 2019|AML Solutions|

Beyond De-risking

Beyond De-risking Nearly half the world’s financial institutions have been victim to at least one financial crime in the last one year, according to this report by Refinitiv. This fallible financial climate calls for FIs to be risk intelligent. There are hefty costs to avoiding risks. [...]

2019-03-04T18:45:26+05:30March 4th, 2019|AML Solutions|

Intelligent segmentation for KYC

Intelligent segmentation for KYC The proliferation of decentralized fintech solutions such as digital wallets and crypto-projects have created a myriad of channels across which people transact on a day-to-day basis, making it hard to monitor customer behaviour, and construct anticipated activity profiles for AML compliance. In [...]

2019-02-08T17:51:16+05:30February 8th, 2019|AML Solutions|

Are BTMs safe?

Bitcoin trading was originally conducted face to face, with buyers carrying wads of cash to coffee shops, city centers and other public spots to meet sellers, barter, and then swap using QR codes on mobile phones or laptops - an activity that was fraught with risks [...]

2019-01-28T10:58:33+05:30January 28th, 2019|AML Solutions, Financial Processing Services|

Implementing CDD in light of the 50% OFAC rule

In today’s increasingly digital world, financial institutions are forced to understand the complex and shifting corporate ownership structures of partners and customers in order to protect their assets. FinCEN reports that banks spent around $250 million on compliance efforts alone in the first year of implementation [...]

2019-01-14T15:58:02+05:30January 11th, 2019|AML Solutions, Uncategorized|

Break compliance silos, mitigate business risk

AML regulators receive flak from both sides of the aisle - those claiming they don’t do enough to deter money laundering, and financial institutions under pressure to step up their compliance because the ask is too great. While we won’t argue the merits and demerits of [...]

2018-11-20T11:24:19+05:30November 20th, 2018|AML Solutions|
Load More Posts