Articles
AML-legislation-in-Europe
Articles

European AML Regulations and the Hero We Need​

They sat in a dark truck.  Nakia gazed over the thirteen other women, finally fixating her eyes at the guard who held a machine gun in his hand. Her heart was racing. She knew what was about to happen. The women sat quietly. Scared of their faith. They must have been driving for ages: their military truck and five other army vehicles. But the men that had captured them weren’t soldiers. They were human traffickers. Nakia knew that they were supposed to be sold as sex slaves. But unlike the other women, she wasn’t afraid. She was waiting…  All of […]

Articles
Articles

Fewer Alerts, Fewer Fines, More Compliant

Prevent fines and reduce workload by applying an alert shaping process. Rising Expectations Regulatory fines in the financial industry spark an action-reaction process. A financial institution – most commonly banks – receive a fine for not upholding regulatory compliance, then suddenly financial institutions everywhere raise the budget for their compliance department, or at least begin […]

Articles
Deutsche Bank Headquarters
Articles

Deutsche Bank: Criminal from the Top Down?

Another day, another Deutsche bank scandal.  Given Deutsche Bank’s questionable reputation, it’s almost too easy of a subject.  However, this is a critical case.  It’s an example of the pressure compliance officers sometimes have to face, when it comes to choosing between doing what’s right and conforming to groupthink.  Let’s look at the facts. In […]

Articles
real time
Articles

Every Bank’s Nightmarish Dream: Real-Time Transaction Monitoring

Globalization and automation make the call for real-time payment processing ever larger. The world moves fast. People have little patience and understanding for slow payment processing these days. Especially because this form of payment processing lightens liquidity stress for small and medium-sized businesses. And instant payments also increase efficiency, transparency, convenience, and financial control for […]

Articles
business forensics
Articles

How Dynamic Client Risk Profiling Leads to Stronger Anti-Money Laundering Compliance

Transaction monitoring is a high-risk practice as it makes financial crimes such as money laundering hard to detect. That’s because it only concentrates on what’s happening at the transaction or account level. But, individual transactions hardly ever tell you the complete story, while client profiles provide a layered analysis of what’s happening. When we talk […]