Knowledge & Training

It’s been a bumper week at the ComplyAdvantage offices. We were at three different award ceremonies across two dates. For a memorable fireworks night, we were at The Sunday Times Tech Track 100 Awards for 2019. We were honored and […]

Even small-sized transactions can suffer from out-sized risks. When it comes to terrorism, following the money trail is our best chance of preventing terror attacks before they occur. But that’s a challenge when that trail is composed of small-quantity transactions. […]

USA Patriot Act: BSA Compliance and Section 314 The USA Patriot Act was passed by Congress on 26 October 2001 as a response to the September 11 terror attacks. The Patriot Act gave law enforcement agencies across the United States […]

When financial institutions detect suspicious transactions, it is their duty to report them to the authorities. This is done in order to prevent potential criminal behavior, such as money laundering or the financing of terrorism. In most countries, the reporting […]

2019 is set to be a record year for global anti-money laundering fines as criminal activity continues to threaten the financial landscape and regulatory changes from 2018 (and previous years) begin to take effect. Research from mid-2019 revealed that, from […]

Canada’s AML regulations require banks and financial institutions to check whether their clients are a Politically Exposed Person in Canada (or elsewhere) in order to build accurate risk profiles and comply with legislation. PEP screening is required by regulatory authorities […]

What Are RCAs: Relatives And Close Associates? As part of their customer due diligence obligations, banks and financial institutions must establish whether their clients are Politically Exposed Persons (PEP) and at risk of being involved in financial crimes, like money […]

The EU’s Sixth Money Laundering Directive (6AMLD) closes certain loopholes in member-states’ domestic legislation by harmonizing the definition of money laundering across the bloc. 6AMLD places a particular focus on ‘predicate offenses’. Introduced on 3 June 2021, 6AMLD expands its […]

Adverse Media: Regulations And Recommendations Running adverse media screening isn’t just a question of protecting your company from reputational damage, or building a helpful image of a client’s risk profile: it’s also a regulatory requirement of financial authorities around the world. […]

Why Understanding the Types of Adverse Media News Is Important to Reduce False Positives In an era when client risk profiles can change in a matter of hours, institutions must be able to react quickly to breaking news to maintain […]

Identifying negative news should be an important part of a financial institution’s customer due diligence process. When breaking news reveals a client’s involvement with unethical or criminal activity like money laundering or financing terrorism, firms need to be able to […]

European Union (EU) Sanctions List Economic sanctions are an essential part of the EU’s Common Foreign and Security Policy (CFSP) and are employed as part of the international effort to combat money laundering, terrorism financing and other financial crimes. To this […]