ComplyAdvantage

🚀 As Monex Group expanded globally, they needed a compliance solution that could scale with them. We helped transition their payment screening from manual processes to a fully automated system, boosting operational efficiency and reducing transaction delays. Now, Monex Europe can confidently manage higher volumes without extra staffing. 💡Uncover the full customer success story here: https://okt.to/NeYnCl

🌟 Last week marked our first-ever in-person AML Unplugged event! We were thrilled to host a discussion with three industry experts: Iain Armstrong, our Regulatory Affairs Practice Lead; Jessica Cath, Head of Financial Crime at Thistle Initiatives; and Simon Mc Feely, Managing Director at Finvisor Fintech Partners. From expert insights to interactive polls, word clouds, and a Q&A session, here are some key takeaways from the event: ➡ Prepare for evolving consumer expectations ➡ Tailor your #sanctions approach to match customer risk ➡ Keep the momentum going with regular training ➡ Regularly test your screening solutions and data We've explored each of these points in-depth in our article. Read the full write-up here: https://okt.to/I1gnDx A huge thank you to everyone who attended, and a special shout-out to Jessica Cath and Simon McFeely for being our inaugural AML Unplugged speakers! 🙌 #AMLUnplugged

As spooky season settles in and we decorate our office for #Halloween, it seems the right time to highlight some chilling stats on financial crime. 👻 Payment #fraud is set to exceed $40 billion by 2027 🎃 Gambling and betting fraud surged 80% from 2020 to 2021 🧛 In 2023, global #financialcrime topped $3 trillion 🧌 Crypto firms faced $5.8 billion in fines last year for weak #AML measures While these numbers are alarming, compliance professionals work around the clock to keep bad actors at bay. Our article looks at ten red flags to watch out for. 👉 https://okt.to/K8nIYV

We’re excited to be at this year’s Singapore Fintech Festival, bringing insights from our latest State of Financial Crime Report and more! If you’re attending, why not book an appointment with our team here: https://okt.to/Wg9sND or swing by Booth #4J31 to say hello. 👋

👀 Whether you're new to the field or a seasoned #compliance professional, our latest article breaks down 11 key things every business should know about #AML compliance. Check out the list in full here: https://okt.to/Jk5qO6

🇨🇦 🍁 Canada’s AML/CFT regime continues to evolve as OSFI increases oversight in 2024. New proposals in the 2024 Budget, such as enhanced information-sharing across businesses and expanded regulations for cheque-cashing and factoring companies, highlight the need for businesses to stay proactive in meeting their #AML obligations. Check out our latest article for insights into Canada’s changing landscape. 👉 https://okt.to/Dv716k

🚨 Calling all start-ups – this one’s for you! 🚨 If you're looking to strengthen your anti-money laundering #compliance program, there’s no shortage of software options available. But how do you distinguish between solutions that just meet basic regulatory requirements and those that truly address your current needs and can scale as your #business grows? Our updated article breaks down nine key factors to consider when choosing the right z3AML software. ⬇️ https://okt.to/zROraA

🗣️ The Briefing is back, with a special edition bringing you all the biggest news from the #FATF plenary last week. Read on to find out about changes to the grey list, revised risk assessment guidance, a consultation on the FATF Standards, and more.👇

🚨 Just in! The FATF's latest plenary has concluded, marking significant developments under the leadership of Elisa de Anda Madrazo of Mexico: ❌ Newly added to the Grey List: Algeria, Angola, Côte D’Ivoire, and Lebanon. ✅ Removed from the Grey List: Senegal. 📄 The #FATF has revised its guidance for national money laundering risk assessments. 🌎 Revisions to the FATF standards were proposed to promote financial inclusion, with final guidance expected in 2025. 💰 Discussions on changes to standards for cross-border payment systems are underway. ⚠️ Russia's membership remains suspended. https://okt.to/tRHZzo

🎉 Tomorrow is National Financial Crime Fighter Day, and we want to thank all of you for your hard work and dedication to fighting financial crime. Your efforts protect the global economy and safeguard vulnerable communities from harm. A special shout-out to those who have partnered with us to showcase what we can achieve together. 🙌 Check out our video case studies, which highlight the power of collaboration and our shared mission to make smarter, more effective decisions in combating financial crime: https://okt.to/qhBs7O #NationalFinancialCrimeFighterDay