Accuity Insights Blog
Accuity Insights
Lessons Learnt from the Nordic Region’s Financial Crime Challenges
Financial institutions in the Nordic region have recently made headlines concerning a series of significant money laundering lapses. News stories on this topic have focused on fines but, in the background, firms are making organisational changes, shifting mind-sets and enhancing their systems and processes for the better.
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Understanding Firco Filter Algorithms
Algorithms lie at the heart of Firco Enterprise solutions. They have been created with and for Fircosoft customers in order to solve broad screening concerns shared by most financial institutions or to cope with specific regional issues. Understanding algorithms is key to understand how Firco Filter is working. This 3-days course will give you an […]
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Accuity Insights
The Role of AI in Regtech and Other Takeaways from ACAMS Hollywood
A record number of anti-money laundering (AML) professionals, regulators and vendors recently converged in Hollywood, Florida, for the ACAMS 24th Annual AML & Financial Crime Conference.
There was a clear focus on how artificial intelligence (AI), machine learning and robotic process automation (RPA), and other advanced technologies, can help in the fight against financial crime.
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Accuity Insights
Shipping Industry in Direct Path of Brewing OFAC Storm
Deceptive shipping activity is on the rise. OFAC recently updated its advisory documentation to raise awareness of some of the deceptive shipping practices deployed specifically by North Korea to get goods into the country. Organisations involved in trade must be proactive to stay ahead of the risks.
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Accuity Insights
Five Best Practices for Adverse Media Screening
Of all the risks faced by financial institutions, identifying Reputationally Exposed Persons (REPs) in adverse media is the one most likely to fall under the radar. Here are five best practices to improve the efficiency and effectiveness of your adverse media screening program.
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RESOURCE
Banco Angolano de Investimentos Automates its Financial Crime Screening Process to Reduce AML Risks
Banco Angolano de Investimentos (BAI) a private bank in Angola implemented Firco Compliance Link, a comprehensive screening solution to help meet the increasing pressure from customers and regulators, to achieve optimum Financial Crime Compliance standards and requirements. Through the help of Firco Compliance Link BAI achieved: Efficiency through automated screening Confidence in reduced risk of money […]
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Technology and Workflow Challenges in AML Compliance Operations – Brochure
Over the past decade, anti-money laundering (AML) technology has matured substantially. AML software is replete with functionality to support financial institutions’ needs for watchlist screening, transaction monitoring, and case investigation.
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RESOURCE
List Management Service
Go beyond list consolidation with a comprehensive, automated service that optimizes data for more effective watch list screening and targeted investigation.
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Leveraging New Technologies to Achieve Enhanced AML Compliance
The role of compliance in the financial industry has expanded significantly in recent years, and this is nowhere more true than with anti-money laundering (AML) compliance.
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RESOURCE
Getting to Know Your Customer Through Relational Risk Assessment – Brochure
Financial institutions thus face a serious challenge within their AML operations: increasing the accuracy of their entity screening to reduce false positives, while at the same time minimizing the number of high-risk entities that slip through the net.
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