Oct
What Are AML Red Flags? — A Comprehensive Guide
Spot AML red flags early, or risk letting trouble sneak through unnoticed. When every transaction counts, missing a sign isn’t just a slip—it’s a potential compliance risk. What Is a Red Flag in AML? A red flag in anti-money laundering…
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Oct
Cybercrime and Money Laundering—Explained
For AML-regulated entities today, cyber money laundering or cyber laundering should be a key area to focus on due to the rising use of digital platforms to move illicit funds undetected. As the name suggests, cyber laundering takes elements from…
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Oct
What Is Cyber Laundering and How Can You Mitigate It?
Cyber laundering or cyberlaundering is the process of using digital methods, primarily online platforms, to conceal the origins of illegally obtained money. What is Cyber Laundering? Cyber laundering mirrors traditional money laundering but operates in the digital space. It primarily…
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Aug
Transaction Monitoring Investigation: Steps and Process Flow Explained
Transaction monitoring investigation is a cornerstone of anti-money laundering (AML) compliance for financial institutions and other AML-regulated businesses. This piece outlines the core transaction monitoring steps required for businesses to fulfill AML compliance and avert financial crimes. Key takeaways on…
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Aug
How To Calculate False Positives in Transaction Monitoring (And Reduce Them)
Let’s start with a scenario we’ve all seen: a perfectly legitimate transaction gets flagged as suspicious. That’s a false positive, and it’s a headache, especially in our world where AML compliance is non-negotiable. What are False Positives in Transaction Monitoring?…
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Jul
Smurfing Vs. Structuring in Money Laundering: A Complete Guide
Smurfing vs. structuring—both are methods used in the “placement” stage of money laundering, where illicit money is introduced into the financial system. In this piece, we will examine smurfing vs. structuring, offering a detailed look at smurfing and structuring in…
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