Financial Crime Compliance Insights

AI & Digitalization

Growth of Digital Neobanks and AML

Neobanks have grown to become a part of our daily lives. The concept of Neobanks, which has a key place in Fintech trends, continues to gain more recognition and adoption by an increasing number of customers globally. In this post, we look at Neobanks, their advantages, and their AML and CTF compliance.

January 11, 2022
AI & Digitalization

Unraveling the Cheap Manual KYC Myth

Keeping corporate costs down is one of the key priorities of CFOs and finance teams in general. Notably, one area where CFOs strive to cut down costs on is compliance. In the pre-digital age, KYC and other compliance procedures were done manually and were difficult to enforce.
December 2, 2021
Financial Crime

2021 KYC and AML Trends

Changes that emerged in AML and KYC compliance during the challenging and unpredictable 2020 have further evolved in 2021. These changes have affected the way people work and the tools they use daily, and more importantly, the approach that financial regulators now have regarding new technologies and procedures. Here are some of the key AML and KYC compliance trends we have seen so far in 2021.
October 12, 2021

Introducing Instant Search: Free, Unlimited AML/CTF Search Engine across Global Watchlists

We’re excited to have launched Instant Search today, our brand-new search engine that performs free, unlimited AML/CTF checks of sanctioned Individuals, Organizations, and Vessels, as well as PEPs (Politically Exposed Persons) and most wanted fugitives. It is available online from now on at
September 28, 2021
Financial Crime

What is the Relationship Between Know Your Customer and Customer Due Diligence?

If your initial assumption is that Customer Due Diligence (CDD) is closely related to Know Your Customer (KYC) then you are right. CDD is actually an integral part of KYC services. In fact, you can say that KYC supports CDD in the customer information verification process. Past KYC procedures have now been transformed and fully integrated into CDD transactions. In this article, we look to dissect the relationship between these two components.
September 3, 2021
Financial Crime

Top 2020 Anti-Money Laundering Fines

AML regulations, fines, and penalties continued to rise significantly in 2020. During the year of the pandemic, we also saw increased levels of cooperation between governments and AML regulators to eliminate the calamities generated by money laundering, which include corruption, terrorist financing, and rampant bribery.
August 5, 2021
AI & Digitalization

How AI-Powered Name Screening Can Help You Avoid Sanctions

In today’s heavily regulated financial environment, a minor spelling mistake or even a phonetic difference in verifying a foreign customer can lead to severe consequences, often sanctions.
July 22, 2021
Financial Crime

COVID-19 and the Rise of Financial Crime

Financial crime has significantly increased with the arrival of the COVID-19 pandemic. In this article, we look at the emerging risks during the pandemic, what this rise in financial crime means for financial firms, and how they can adapt to the new normal in an industry that is heavily regulated.
June 10, 2021
Financial Crime

2020 Financial Crimes Trends in MENA

In the last few years, there has been significant investment in compliance tools and processes, but the level of commitment has remained comparatively low in MENA.
May 20, 2021
AI & Digitalization

How to Augment Your Business with Risk Management APIs

Application programming interfaces, known in short as APIs, are changing the way banks, financial institutions, and other organizations are enhancing their operational efficiency by providing fast and easier access to risk intelligence customer data.
April 22, 2021