A sustainable and inclusive approach to cross-border payments

In this article, we discuss the risks in correspondent banking and how to overcome these to benefit your bank and bolster correspondent relationships.

De-risking emerged as an unintended result of banks with limited alternatives to new regulations. Technology is the strongest ally to fix this.

Announcing sanctions is one thing, ensuring that banks are putting them in place effectively is another challenge altogether. What can banks expect?

Danske Bank recently pleaded guilty to charges of money laundering. This scandal has significant implications for financial crime risk management.

The current framework for managing AML risk is underperforming despite the investments being made in terms of raw compliance spend.

The new AMLA is facing a growing list of expectations. How could the private sector help strengthen standards in the EU?

Whilst innovation is challenging, it is also very much needed. What is preventing financial institutions from embracing innovation fully?

Last month, our CEO Shane Riedel moderated a panel discussion at the 2nd MENA RegTech Virtual Executive Boardroom Conference.

Lithuania's Center of Excellence in Anti-Money Laundering invited our Head of Public Sector to address the topic of Enterprise Wide Risk Assessments.

How a proposal for a single, harmonised supervisory assessment methodology for banks in the EU can change everything.

From tech and operational challenges, to manual KYC and AML processes - here's how to tackle these challenges when evaluating sanctions risk.

Financial crime is pervasive, dynamic, and often on such a scale that even the most apparently safe industries and regions are open for exploitation.

The startup founders share their perspective on Elucidate's genesis, evolution and vision

Information sharing and collaboration across all concerned parties within the financial system is critical to successfully combating financial crime.

Understanding the key findings and challenges from the FATF Survey

The revelations about the conduct and criminal activity of Isabel dos Santos has brought to the fore familiar issues in the financial crime space.

Leaks and whistleblowers have become a usual method by which many large-scale financial crime events are uncovered. What can we learn from this?

Within the banking and risk management industry, new tech should be viewed as an augmentation to improve team function and efficiency.

Without a right strategy and technology to support it, executives and Board Members put themselves at risk of being found liable for financial crime.

Times of crisis often lead to an odd mix of tragedy and innovation, and the global COVID-19 pandemic has been no exception.

FATF has launched two new reports looking at the use of technology for anti-money laundering purposes. What does this mean for the industry?

Can compliance teams really be expected to go through 11.9 million Pandora Papers' files by themselves?

EU has a critical window of opportunity to put in place innovative yet feasible solutions to strengthen Europe’s protections against financial crime.

The FATF has released their assessment of Germany's AML/CFT efforts, a 324 page report, which calls for a more unified data and analytics approach.

Banks don't view the work of compliance departments as providing financial value but rather as a “cost center”. This view can be a big mistake.

All too often, highly capable respondent banks are left disempowered by the industry's commonplace top-down financial crime risk management practices.

“Digital transformation” is a banking buzzword. But when is it truly effective in the fight against financial crime? We explain what you need to know.

De-risking can often be one of the first responses to working with banks in high risk categories. But does it have to be?

The standard AML toolkit is being put under the spotlight. What is the missing piece of the anti-money laundering puzzle?

In looking towards the future of the financial industry, it may be useful to look to the past, and the evolution of the credit risk industry

The current sanctions landscape is incredibly fast-moving, showing little sign of slowing down. Using innovative tools can help firms navigate it.

When it comes to preventing financial crime, today’s banking industry is stuck in a cycle of endless investments, and limited returns.

"When did criminals start to realise the best way to steal millions was to just make their transactions very very boringly complicated."

99% of money laundering proceeds remains in criminal hands - here are the key reasons why global AML/CFT controls are not working.

Here's how you can gather reliable compliance data to inform your self-assessment of risk performance and build better correspondent relationships.

[Case Study] Learn about some of the major challenges faced by financial institutions with extensive correspondent banking relationships and networks.

In this article, we explain how to conduct a thorough due diligence process on your correspondent bank in 5 easy steps.