There’s something unsettling about how familiar this is. A fast-growing bank. Compliance controls that couldn’t keep up. A regulator forced to step in. Again. And… Read More »UK’s Monzo Bank £21m warning: scale without control is not success
Collaboration across financial service organizations exists today. Credit Reference Agencies (CRAs) gather credit payment information from multiple industries and share it for the purpose of… Read More »What’s really holding back AML collaboration and how to fix it
Criminals exploit gaps in both banks’ monitoring systems and also take advantage of jurisdictional gaps. Funds are routed through regulated entities with weak controls and… Read More »The gaps criminals exploit: Why global AML collaboration is closer than you think
Smaller financial institutions face structural disadvantages in meeting anti-money laundering (AML) compliance expectations, despite being held to the same regulatory standards as larger firms. Regulators… Read More »Why smaller FIs face structural disadvantages in AML compliance
The volume problem isn’t going away. But how you triage it can change. By the end of 2024, financial institutions were filing over 10,000 Suspicious… Read More »Smarter AML triage: How ranked scoring boosts risk prioritization
In many banks, aged alerts are reviewed in the order they were created, not based on the severity of the risk they represent. It’s a… Read More »Backlog = hidden risk: A ranking-based approach to AML case review prioritization
There’s a reason financial institutions push back on full-scale AML overhauls: they’re expensive, complex, and rarely deliver without disruption. Most legacy systems are deeply embedded… Read More »Don’t rip and replace: How modern AML models can overlay legacy systems
What happens when your AI moves faster than your compliance team can follow? Unfortunately, this is an actual risk and it’s leaving a huge gap.… Read More »AI vs AML Compliance: 6 questions every firm should be asking
Customer Risk Ratings (CRRs) play a central role in anti-money laundering and counter-terrorist financing (AML/CFT) strategies. But in many institutions, the way CRRs are calculated… Read More »Rethinking risk ratings: a collaborative data-driven approach
Criminal behavior adapts quickly along with its ability to exploit gaps within AML controls; the moment one detection gap closes, another is found. Transaction Monitoring… Read More »Why your AML controls should evolve faster than financial crime does
