Trade-based money laundering has become increasingly complex, says Jared Atkinson, group product manager for trade compliance at LexisNexis Risk Solutions.
Juniper Research highlighted the screening products that LexisNexis Risk Solutions offers, including LexisNexis Firco Continuity and LexisNexis Bridger Insight XG.
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.
Initially sanctioned for failing to comply with international standards around money laundering and more, SA is making good progress towards removal from the greylist.