Rethinking theFinancial Crime Risk Framework

Network intelligence for transparent and effective compliance.

Financial institutions spend globally over US$200 billion on financial crime compliance every year. However, despite the increasing sums of money being allocated and the efforts of global law enforcement, the existing framework for managing AML is grossly underperforming.

“Elucidate enriches our internal analyses with additional external data-based assessments.”

Valerie Brunner

Group Head of Institutional Clients, Raffeisen Bank

What you will find inside the paper

An open and transparent approach to financial crime risk

To address the challenges presented by the existing flawed AML framework, a new approach is needed.

An approach that provides a way for financial crime risk to be benchmarked in an open way to leverage the network of correspondent banking relationships.

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Why current framework is not working

In-depth analysis of the problems with the current risk-based approach to combat money laundering and terrorist finance activity.

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Our data drive engine for better risk processing

How Elucidate's engine, a new data driven approach to managing financial crime risk makes it possible.

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A new network based approach

The benefits of migrating to a network based approach moving from bilateral to interconnected relationships.

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Uncover the power of your network

How to leverage and maximize the network of correspondent banking relationships.