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2020: The Year of Improved AML Practices in the Banking Sector

Banks are at the forefront of any financial ecosystem and thus hold a greater responsibility to prevent all the related crimes. AML compliance is a central part of the efforts to curb illegal transactions and to make sure the source of capital is clean and adequately regularized. In an ideal world, banks can detect, stop, […]

Why Do AML Rules have to be Frequently Adjusted for Efficient Detection?

The global AML (anti-money laundering) software industry is growing each year with an expected growth of up to USD 1.7 billion by 2023. These softwares are introducing newer ways to counter money laundering, such as AML tuning and optimization. The enhancement of countermeasures is directly proportional to the rise in money laundering cases and the […]

Is the US Economy Headed for a Recession?

With increasing trade tension with China, the rise of new protectionism across major markets, dismal growth for the current quarter, as well as declining confidence in the domestic consumer market, many alarmists are claiming that the US economy is headed for a recession. However, growth forecasts from leading economists paint a less negative image of […]

How RPA Helps With AML Compliance?

To counter the rising cost of AML (Anti-Money Laundering) compliance, many financial institutions are making smart use of RPA (Robotic Process Automation) to deliver superior performances. Continue reading to know more about what RPA is and how RPA helps with AML Compliance. What is RPA? RPA is a form of A.I work automation technology. What […]

A More Holistic Approach to CDD (Customer Due Diligence)

According to a Thomson Reuters KYC global survey, a majority of financial institutions think that enrolling new corporate customers has grown more difficult and takes longer. This stems from an increasingly stringent KYC regulatory environment and outdated CCD practices that are unable to keep up with the changing realities of the global financial system. In this […]

4 Reasons Why Working with a Recruiter Is a Great Idea

Searching for a suitable job in these uncertain times can be a daunting task. With feedback rare on job applications, and with so many people applying for so few openings, the process can be both emotionally draining and discouraging. Fortunately, you need not struggle alone in your job search. Many great recruitment agencies do exist […]

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