Castellum.AI

🎄🎅 To all the compliance rockstars sleighing it all year, Merry Christmas and Happy Holidays from team Castellum.AI! 🎉

🧐 It's #ComplianceChallengeFriday again! Ready? 🧠

Every day, over 5 million news articles are published worldwide, with 5% containing adverse news. That's a whooping 250,000+ adverse news articles every day! Traditional screening tools force compliance teams to waste countless hours filtering irrelevant data and battling false positives. In our latest article, we go deep into use case specific issues in adverse media screening: ✔️ What adverse media screening entails in KYC / KYB onboarding, TPRM / supply chain compliance and watchlist screening  ✔️ Key operational challenges associated with each use case  ✔️ A step-by-step plan for compliance teams to implement adverse media screening best practices Read the full article: https://lnkd.in/gukV96a2 

Don’t forget to sign up for our FinCrime Book Club evening on February 25th in Soho. Spots are limited and filling up fast. Register now: https://lu.ma/00mani6t 📅 Date: Tuesday, February 25 ⏰ Time: 6:30 PM - 9 PM 📍 Location: Private residence in SoHo, New York 📕 Book: The Lazarus Heist by Geoff White 👥 Guests & Attendees: Executives from the finance and crypto industries, former regulators 🍽️ Dinner and drinks will be served Invited members will get their copies of the book mailed in advance and get to join us in NYC. If you can’t make it to NYC, no worries! We'll be hosting FinCrime Book Club discussions around the US throughout 2025. Join the waitlist to read along with us and get all the book highlights virtually. Looking forward to seeing you there! https://lu.ma/00mani6t #AMLCompliance

It's #ComplianceChallengeFriday! Time to flex your compliance muscles 💪 #AMLTrivia

📅 Mark your calendars. Join Castellum.AI and fellow compliance executives for an exclusive FinCrime Book Club evening in SoHo. If you’re a FinCrime professional, this is your chance to connect with fellow experts and former regulators across the finance and crypto space. 📝 What we’re reading We’ll be reading The Lazarus Heist by Geoff White over the next two months. It’s a gripping account of North Korea's crypto-crime syndicate, Lazarus Group. Crypto is back and that means crypto crime will bounce back bigger than ever. Invited members will get their copy of the book mailed in advance and join an exclusive, in-person exchange in SoHo on 25 February. If you can’t make it to New York, no problem! You can still join the waitlist, read along with us and stay in the loop with all the book highlights virtually. We'll be hosting FinCrime Book Club events throughout the US in 2025. Book your spot now 👉 https://lu.ma/00mani6t 

Under Section 314(a) of the USA PATRIOT Act, financial institutions must respond to periodic requests from law enforcement regarding individuals or entities under investigation for financial crimes. Institutions have 14 days to screen their records against a list of names provided by FinCEN, identify potential matches and report findings. Keep your 314(a) compliance on track with these strategies. #AMLCompliance #FinancialCrimeCompliance #FinCEN

 🎉 Get Ready! Introducing #ComplianceChallengeFriday! 🚀 It's time to join the fun and flex your compliance muscles! 💪 P.S. 💬 Check back tomorrow for the correct answer and related trivia. #AMLTrivia #ComplianceTrivia

That’s a #Wrap 🎁 Sanctions Wrapped is here with a sneak peak on the top sanctions trends in 2024. 🌐 Surprised by any of the top sanctioned countries? Russia and Iran are on everyone's bingo cards, but what about India and Mexico? 🥸 What’s your favorite designee alias in 2024? 📄 High-value datasets like Sanctioned-Beneficial Ownership, adverse media, export controls linked networks, SPFS data and more round out AML screening across KYC/KYB onboarding, transaction screening and supply chain compliance workflows. 🟡 OFAC continues to lead in terms of total designations issued this year, with Ukraine coming in second and issuing more than twice as many as the EU, UK, Canada and other major sanctions issuing jurisdictions. 

⏰ Real-time monitoring catches what manual checks miss. Without continuous monitoring and real-time updates, you're playing catch-up with compliance risks—the implications could be costly. #AMLCompliance #FinancialCrime #AML