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|

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|

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|

AML Compliance can also be a Sales Tool

How one bank turned lemons into their own personal brand of unicorn juice The Gibraltar Private Bank & Trust was slapped with a $4 million fine by FinCEN for BSA violations in 2016. After a long and hard journey to remediate their compliance, they finally had [...]

2018-08-06T17:48:01+05:30May 31st, 2018|AML Solutions|