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.
Despite the high compliance spending of FIs, more than 99% of money laundering proceeds remain in the hands of criminal gangs - we explain why.
Whilst innovation is challenging, it is also very much needed. What is preventing financial institutions from embracing innovation fully?
The startup founders share their perspective on Elucidate's genesis, evolution and vision
When it comes to preventing financial crime, today’s banking industry is stuck in a cycle of endless investments, and limited returns.
Leaks and whistleblowers have become a usual method by which many large-scale financial crime events are uncovered. What can we learn from this?
All too often, highly capable respondent banks are left disempowered by the industry's commonplace top-down financial crime risk management practices.
Without a right strategy and technology to support it, executives and Board Members put themselves at risk of being found liable for financial crime.