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Now available: The State of Financial Crime 2025

Knowledge & Training

Know your customer (KYC) is the process financial institutions (FIs) use to verify their customers’ identities and inform compliance risk assessments. KYC is a foundation of anti-money laundering and countering the financing of terrorism (AML/CFT) compliance in jurisdictions worldwide. Given […]

MLRO Money Laundering Reporting Officers

A Money Laundering Reporting Officer (MLRO) is a person responsible for implementing and overseeing a company’s anti-money laundering (AML) compliance program.  The duties of the MLRO may involve serious legal consequences that result in civil and criminal action. Money Laundering […]

Image of What is a Bank Secrecy Act (BSA) Officer?

A Bank Secrecy Act (BSA) Officer is the person responsible for ensuring compliance with the Bank Secrecy Act of 1970, which aims to prevent and detect money laundering and other financial crimes. The Bank Secrecy Act is administered by the […]

An AML compliance program is a set of regulations and procedures that FIs follow to detect and prevent money laundering and associated crimes, including fraud, tax evasion, and terrorist financing. Financial institutions (FIs), such as banks, credit unions, and capital […]

Image of What is an AML Compliance Officer?

In order to oversee internal anti-money laundering policies and remain compliant with important regulations, banks, credit unions, and similar financial institutions are required to appoint an Anti-Money Laundering Compliance Officer. As part of the fight against financial crime, governments across […]

Image of KYC: 3 Common Pitfalls and How to Avoid Them

When people talk about conducting KYC checks, they’re probably referring to the process that takes place at onboarding, i.e. identifying your customer and verifying that identity. But the problem for most businesses, is that a quick identity check isn’t going […]

Image of What is adverse media?

Adverse media, sometimes called negative news, refers to information from news and other media sources that suggest an individual or entity may represent a financial crime risk.  Because of the insights adverse media can provide, screening for it forms an […]

Image of ComplyAdvantage wins RemTech Award

ComplyAdvantage is proud to announce that it has won the award for Most Innovative Compliance Service at the inaugural RemTech awards. The awards were held at the Global Forum on Remittances, Investment and Development, GFRID2017 they were organized by the […]

DNFBP

The FATF sets out its guidance for the regulation and supervision of DNFBPs in its 40 Recommendations (specifically Recommendation 24). The guidance requires jurisdictional authorities to take various supervisory steps, including: Implementing licensing requirements and ownership criteria for casinos.  Introducing […]