eBook: Aligning your business around an agile AML transaction monitoring programme

Trade-based money laundering has become increasingly complex, says Jared Atkinson, group product manager for trade compliance at LexisNexis Risk Solutions.

Traditional approaches to reducing fraud risk can be counterproductive, driving away customers and impacting sales, says LexisNexis Risk Solutions.

Chartis acknowledged LexisNexis Risk Solutions as a category leader for its suite of products, which includes Firco Continuity.

The company has also been ranked fourth in Chartis Research’s inaugural Financial Crime and Compliance 50 report.

Juniper Research highlighted the screening products that LexisNexis Risk Solutions offers, including LexisNexis Firco Continuity and LexisNexis Bridger Insight XG.

Forrester conducted a global online survey of 1 845 senior decision-makers at financial institutions and retail institutions.

What it means for adverse media screening.

The enhanced detection offered by AI models is powerful, positioning it to more reliably predict when and where fraudulent activity is taking place.

Sanctions screening lists are a major part of anti-money laundering programmes, but can result in high alert volumes, which is why AI offers so much potential.

A money mule is a bank account, or the holder of the account, necessary for receiving fraudulent funds so these can be transferred and cashed out.

Initially sanctioned for failing to comply with international standards around money laundering and more, SA is making good progress towards removal from the greylist.