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Our focus at ComplyAdvantage has always been to ease the operational burden of AML compliance for our users, by offering a suite of configurable cloud solutions that leverage real-time risk insight. As we move forward, we thought it was about […]
Knowledge & Training
How to Comply With AMLA Malaysia Malaysia is a regional and global political power with the third-largest economy in Southeast Asia, following Indonesia and Thailand. Attracting business interests from across the world, and with high investment in the technology and […]
Financial crime units (FCUs) help banks and financial institutions detect and prevent money laundering, the financing of terrorism and a variety of other financial crimes while meeting their regulatory compliance obligations more effectively. In a rapidly changing financial sector, criminals […]
Vendor Due Diligence: What You Need To Know Vendor due diligence (VDD) takes place when a company seeks to buy, partner with or enter into a business relationship with another company. Like the customer due diligence process, vendor due diligence […]
Social media has become one of the most powerful drivers for terrorist funding, and it’s set to stay that way. In part one of this blog on the impact of social media, we discuss the impact that social media platforms […]
The FATF Travel Rule is an update to the existing FATF Recommendation 16, which concerns cross-border and domestic wire transfers. The update is intended to address the AML/CFT challenges associated with the increasing global use of cryptocurrency and to help […]
De-Risking AML – Strategies and Alternatives In an era of increased regulatory scrutiny and expectation, and as AML failures result in high-profile financial penalties, banks and financial services firms around the world seek to mitigate the threats they face and […]
The Vancouver Model is a method of money laundering that is highly used in Vancouver, British Columbia. The model uses casino gambling as a way for foreign and domestic criminals to launder illegitimate funds and exploits Canada’s traditionally lax regulatory […]
The California Consumer Privacy Act (CCPA) was signed into law on June 28, 2018, by the California State Legislature and introduces sweeping new privacy laws to protect the personal data of California’s residents. Also known as the California Privacy Act, […]
Crimes that generate significant financial proceeds, such as theft, extortion, drug trafficking and human trafficking, almost always require a money laundering component so that criminals can avoid detection by authorities and use the illegal money that they make in the […]
What is a Special Interest Person (SIP) And Special Interest Entity (SIE)? As part of customer due diligence, financial institutions not only work to verify the identities of their customers but examine contextual information in order to establish whether those […]
As financial services integrate with ecommerce technologies, criminals find new ways to exploit online payment infrastructures and disguise their illegal funds. An emerging trend amongst online criminals, transaction laundering represents a digital evolution of traditional money laundering that has, until […]