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.
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.
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.
A new network based approach
The benefits of migrating to a network based approach moving from bilateral to interconnected relationships.
Uncover the power of your network
How to leverage and maximize the network of correspondent banking relationships.