By Aaron Nicodemus2022-10-28T16:41:00
There is as much an art to anti-money laundering (AML) compliance as science.
Sometimes, good compliance boils down to a suspicion by a trained, experienced compliance officer that something is off and requires more investigation. A small anomaly could be indicative of a larger problem. What appears to be an innocent mistake might actually be fraud.
What gets in the way of these moments of clarity, AML experts say, is the cumbersome and manual processes most AML compliance workflows use. So much time is spent sifting through red flags that turn out to be false positives that little time is left for AML compliance professionals to apply their expertise.
2022-12-28T14:52:00Z By Aaron Nicodemus
Keeping up with increasingly demanding anti-money laundering expectations in 2023 will likely mean doing more with less and figuring out where and when is the best place to use technology to aid compliance, experts say.
2022-09-23T13:00:00Z By Compliance Week
Four senior compliance practitioners offer what they believe will be the technology currently on the market that will receive the most attention from regulators over the next five years.
2022-09-16T14:30:00Z By Aaron Nicodemus
Determining the ultimate beneficial owner of individuals and companies your firm does business with can be a tricky thing. The most efficient investigations require an understanding of your firm’s risk appetite and appropriate technology to automate searches.
2025-09-17T19:03:00Z By Ruth Prickett
More than half of all compliance teams are “actively using” or “piloting” AI applications, according to a Moody’s report. While most are focusing on streamlining routine tasks, some are developing AI agents and asking vital questions about AI decision-making.
2025-08-06T14:00:00Z By Aaron Nicodemus
The Trump administration’s designation of Mexican cartels as terrorist organizations in February has made doing business in Mexico riskier than ever before for corporations.
2025-06-26T15:37:00Z By Aaron Nicodemus
Bank examiners at the Federal Reserve Board will no longer assess reputational risk during examinations, a concession to the banking industry already underway with two other U.S. regulators.
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