A Loophole for Money Launderers: Real Estate

Real estate is often used to aid money launderers in the Integration stage of a money laundering scheme.  Criminals are able to invest their illicit gains into property, which provides stability in prices that usually appreciate over time and functionality… Read more >

Malta Must Shift to the New AML Directive or Face Charges

With the implementation of the European Union’s (EU) Fourth Anti-Money Laundering Directive (AMLD4), which included an emphasis on enhanced customer due diligence (CDD), an inclusion of the gambling sector, and enhanced risk-based approach technology, all member states were required to… Read more >

Closing Gaps in Fifth Anti-Money Laundering Directive

The European Union’s (EU) Fifth Anti-Money Laundering (AMLD5) became binding recently on Monday, July 9 and even after two years of reforming the anti-money laundering (AML) provisions and regulations, the new directive still faces weaknesses and limitations in preventing illicit… Read more >

Fighting Terrorism and Money Laundering with Data

Technology has advanced in recent years allowing for due diligence systems to become more precise in detecting terrorism financing and money laundering with the help of data analysis.  The use of cognitive search and analytics technologies enables financial institutions and… Read more >

EU Fifth Anti-Money Laundering Directive Published

On June 19, 2018, the Official Journal of the European Union (EU) published the Fifth Anti-Money Laundering Directive (5MLD) that includes amendments to resolve issues within the existing Fourth Anti-Money Laundering Directive (4MLD), including terrorist financing, tax leaks and the… Read more >

Could sharing information across banks be the future for compliance?

There is no doubt that the latest technologies for regulatory compliance remain a complex issue for banks because with the ever-growing and changing regulations aimed at anti-money laundering (AML) and Know Your Customer (KYC) compliance, large banks may just find… Read more >

Navigant and Ayasdi Collaborate to Combat Financial Crime

A leader and innovator in anti-money laundering (AML), sanctions and anti-bribery compliance, Navigant Consulting Inc., has announced that they will be collaborating with a leader in machine intelligence, Ayasdi to produce an artificial intelligence (AI) and machine learning technology geared… Read more >