Pideeco’s Post

In the financial services sector, AML rules are strict, with regulators taking a dim view of firms which fail to meet their obligations. That’s no surprise: the consequences of allowing a firm to launder the proceeds of crime can be far-reaching and damaging, to individual victims, companies and wider society. How does this change as we shift into a digital landscape? Check out our latest editorial by @Phil Taylor to learn more!   👉 https://lnkd.in/ewpPvAJm   #reglexwrites #compliance #kyc #metaverse

Institutions and #Compliance professionals into entering an “Era of Exponential Risk”. The same technology that has made our personal and professional lives easier and more comfortable, has also helped bad actors design more sophisticated ways of committing crime. This is making its prevention and detection more challenging than ever. Financial Grooming, for instance, is a new type of fraud originating in Southeast Asia, with an estimated 200,000 individuals being held against their will and forced to carry out elaborate online scams. This is just one of the many examples of how the rise of technology has transformed crime, urging compliance professionals to step up their game to fight and prevent crime efficiently. Full article on this link: https://lnkd.in/d7PmBY3G

A huge thank you to everyone who attended our recent webinar with Legl’s Kayleigh Smale, Jane Pritchard and Michael Trowbridge✨ Here are some highlights from the event: ⛰️ Understanding the Struggles: We explored why firms face challenges with ongoing monitoring, particularly for corporate clients; 🚀 Real-Life Impact: Kayleigh Smale shared eye-opening real-life stories about the consequences of not keeping company data up to date; and 💻 Tech-Savvy Solutions: We discussed how our technology addresses key pain points in AML compliance, focusing on effective solutions for ongoing monitoring. Missed the webinar or want to revisit the content? The link to the webinar is here: https://hubs.ly/Q02Lrd2B0 #AML #Compliance #Webinar #OngoingMonitoring #TechSolutions

A snippet from our previous discussion of Patrick Horgan describing how firms could leverage technology to simplify Beneficial Ownership reporting 🗣 Our next webinar is Wednesday 20th March and covers technologies that help firms in our changing AML landscape ✅ Register: https://lnkd.in/ejcn526V Link to the rest of this webinar: https://lnkd.in/em5X7b9j #webinar #valid8Me #amlcompliance

In today's globalized, digital world, financial crimes like money laundering are more sophisticated than ever. The future of AML compliance lies in cutting-edge tech to outpace evolving threats and boost detection and efficiency. Read more in our latest article - https://lnkd.in/dS-U-Xdi #AffiniaxPartners #AllinialGlobal #AMLCompliance #AntiMoneyLaundering #DigitalSecurity

Have you registered for Engager.app's webinar today where I will be chatting all things AML and integration with Johann Goree. The future of AML is a more integrated flow of information. Whether that's linking to your proposal, onboarding and annual review processes. https://lnkd.in/eGFkz58n #amlcompliance

Tired of AML #falsepositives slowing you down? 🚦 Discover the top 5 strategies to enhance accuracy and efficiency in your #AML processes. 🎯 Swipe through our quick guide and see how you can transform your compliance operations! 🔄 For more in-depth insights, check out our full blog 👇 https://lnkd.in/dmAhhk5Q Request a demo from Sanction Scanner now and see how we can help you minimize false positives effectively! 🚀 https://lnkd.in/dxr3eqQ

Join us for a panel discussion with experts from AML RightSource and RADD, focusing on overcoming compliance-related enforcement actions. Don't miss out on key insights, register now! #AMLRightSource #Sanctions #Compliance #AML #ConsentOrders

Ready to get your ideas heard? Submit your articles related to AML for a chance to be featured on our page and reach a wider audience! 🎤 The top 3 articles will be highlighted and shared with our community. Submit your article here: https://lnkd.in/dPuEJM2t #AML #Compliance #Article #MoneyLaundering #AMLWatcher

Current State of Money Laundering SmartSearch's latest report reveals alarming trends in money laundering from 2013 to 2023. 2022 was the worst-recorded year, with nearly 25% of all AML events (4,363 out of 16,150) happening in that year alone. In the US, $14 billion in penalties were issued across almost 3,200 AML events, involving nearly 280 organisations and 5,000 individuals. Check out the image below for detailed stats. 📊 Read more here - https://bit.ly/3SiLq7V - Source: SmartSearch #AML #financialcrime #smartsearchreport #article