Accuity Insights Blog

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9 October 2019 - Accuity Insights

Excellence in Sanctions Compliance: The Role of Effectiveness

Effectiveness, efficiency and explainability – “the three E’s” – are the interdependent foundational girders for building a sound sanctions compliance program. In the first of this three-part blog series, we’ll look at the role of effectiveness in sanctions compliance.
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8 August 2019 - Accuity Insights

How to Transform Your KYC Operations

This is a fundamental and seemingly simple question that launches a time-consuming, multi-step process to identify and assess potential risk.
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25 July 2019 - Accuity Insights

Beyond Reasonable Doubt: 80% of Law Firms Find Process-Oriented AML Screening Challenging

A survey conducted by Accuity, in connection with the Law Society of England and Wales, reveals firms’ challenges as the sector tightens up on financial crime.
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23 July 2019 - Accuity Insights

Instant Payments Need Instant Screening

The trend towards instant payments is accelerating – but so too are incidences of financial crime. Innovation in payments screening must keep pace with the sector’s transformation if the goal of safe, secure real-time payments is to be achieved.
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5 July 2019 - Accuity Insights

Keeping Up With Export Administration Regulations

In the current regulatory landscape, trade companies that facilitate the movement of goods don’t have it easy. Regulations dictate how trade should be conducted, the measures that must be taken to ensure security during transportation, and who firms can do business with.
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1 July 2019 - Accuity Insights

Implications of Facebook’s Libra on Payments and Compliance

Facebook’s launch of its global digital currency, Libra, is a clear indication that virtual or crypto currencies are entering the mainstream of global finance. Facebook has the user base and technology foundation to create a cryptocurrency, but it must overcome its own challenges of trust, security and privacy with consumers, and strict AML/CFT compliance considerations with regulators from around the world.
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29 May 2019 - Accuity Insights

APIs – The Unsung Heroes of Speed, Explainability and Efficiency

When financial institutions are threatened by increasing regulatory pressure, escalating fines for non-compliance, and the perils of reputational damage, they need to take action to strengthen their compliance and financial crime screening programmes.
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7 May 2019 - 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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2 May 2019 - 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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30 April 2019 - 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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