Monthly Archive: June 2018

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 >

DEA Charges Drug and Money Laundering Syndicate

Between 2013 and 2017, the Drug Enforcement Administration (DEA) investigated an international drug trafficking and money laundering organization along with its cartel clients that operate in multiple countries such as Panama, Mexico, Spain, Italy and the United States.  Jesus Rodriguez-Jimenez… 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 >