H3M Analytics

🚀 Introducing the Latest Issue of The Upper Right Corner: AI Compliance Monthly! We're thrilled to share the second edition of our newsletter, where we explore how AI is revolutionizing the compliance landscape. From groundbreaking deep learning applications in sanctions screening to our bespoke H3MGPT model for compliance professionals, this issue is packed with insights you won't want to miss. 🔍 Highlights include: Revolutionizing Sanctions Screening: Discover how AI is replacing manual processes for greater efficiency. Adaptive Strategies: Learn how we're staying ahead of evolving illegal betting and gambling tactics. Regulatory Insights: Get up to speed on the EU AI Act and its impact on compliance technologies. 👉 Dive in now to explore how H3M Analytics is pushing the boundaries of innovation in AML and compliance.

𝗖𝘆𝗽𝗿𝘂𝘀 𝗽𝗹𝗮𝗻𝘀 €𝟭𝟬,𝟬𝟬𝟬 𝗰𝗮𝘀𝗵 𝗹𝗶𝗺𝗶𝘁 𝘁𝗼 𝗳𝗶𝗴𝗵𝘁 𝗺𝗼𝗻𝗲𝘆 𝗹𝗮𝘂𝗻𝗱𝗲𝗿𝗶𝗻𝗴 According to Kathimerini's Pavlos Neophytou, the Cyprus government is considering a new law to cap cash transactions at €10,000 for buying goods and services, aiming to crack down on money laundering. Officials say this change is essential to keep up with new EU anti-money laundering rules and ensure large sums aren’t changing hands unnoticed. Cyprus’s Financial Intelligence Unit (FICU) supports the law, citing a lack of results with the current rules. FICU’s Maria Kyrmizis-Antoniou told lawmakers on Monday that the agency hasn’t received a single report in three years from businesses like car dealerships, jewelers, art dealers, or fur sellers—places where large cash transactions are more common. This silence suggests that cash transactions over €10,000 may be slipping through the cracks, making it harder to catch money laundering. https://lnkd.in/dn_Dehm6

𝗔𝗱𝗱𝗿𝗲𝘀𝘀𝗶𝗻𝗴 𝗠𝗼𝗻𝗲𝘆 𝗟𝗮𝘂𝗻𝗱𝗲𝗿𝗶𝗻𝗴 𝗖𝗵𝗮𝗹𝗹𝗲𝗻𝗴𝗲𝘀 𝗶𝗻 𝗣𝗮𝗸𝗶𝘀𝘁𝗮𝗻 Despite strong anti-money laundering (AML) regulations and being a member of the Financial Action Task Force (FATF) 🌍, Pakistan still struggles with significant money laundering issues 💸 due to weaknesses in its AML framework. 𝗧𝗵𝗲 𝗡𝗲𝗲𝗱 𝗳𝗼𝗿 𝗜𝗻-𝗗𝗲𝗽𝘁𝗵 𝗜𝗻𝘃𝗲𝘀𝘁𝗶𝗴𝗮𝘁𝗶𝗼𝗻 This ongoing challenge has sparked a detailed investigation 🔍 into the perceptions of banking experts 💼 regarding the costs and complexities of AML laws. 𝗠𝗮𝗽𝗽𝗶𝗻𝗴 𝗖𝗼𝗺𝗽𝗹𝗶𝗮𝗻𝗰𝗲 𝗖𝗼𝘀𝘁𝘀 𝗮𝗻𝗱 𝗠𝗲𝗮𝘀𝘂𝗿𝗲𝘀 The study delves into understanding the compliance costs 💰 borne by Pakistani banks 🏦 and explores the measures they are implementing to meet AML requirements. Strengthening these efforts is critical for bolstering Pakistan’s financial sector 📊 and ensuring its global competitiveness 🌐 in combating financial crimes. #AML #AntiMoneyLaundering #PakistanBanking #FATF #ComplianceCosts #FinancialCrime #MoneyLaunderingPrevention #BankingIndustry #RegulatoryCompliance #FinancialSecurity 💼🔍💵 https://lnkd.in/d3ky4i_S

The 2021 audit exposes over $116 million in fraudulent contracts across federal agencies in Nigeria A recent report from Nigeria's auditor office reveals a staggering $116 million wasted on incomplete or unexecuted contracts in 2021. 💸 This includes over $99 million paid for undelivered services, highlighting significant lapses in financial governance. Key agencies like the Central Bank of Nigeria and the Corporate Affairs Commission are implicated in these irregularities. ⚠️ Despite ongoing efforts to combat corruption, the National Bureau of Statistics reports that public officials received over $1.26 billion in bribes. 💰 This contradicts claims of declining acceptance of bribery in society. This persistent corruption undermines public trust and national development, with advocates urging urgent reforms to enhance accountability and governance. 📈 #Nigeria #Corruption #Governance #Accountability #PublicTrust #Development #FinancialIntegrity 🌍 https://lnkd.in/dTi6YVeu

Bugün, iş ortağımız H3M ile 2025 ve sonrasına yönelik projelerimizi, uyum riskleri yönetiminde teknolojinin yerini tartıştık. Son 4 yıldaki çalışmalarımızın değerlendirmesini yaptık. Bu verimli ve vizyoner perspektifi geliştirmek için bir yol haritası oluşturduk. H3M ekibinden başta Tolga Kurt, PhD olmak üzere, kıymetli arkadaşlarımız Utku Gorkem Ketenci , Hikmet Mazmanoglu ve Alpgiray Koçal’a teşekkür ediyorum. Uyum risk yönetimi bir veri analizi işidir, teknoloji de bu işin temelidir. Son 4 yılda bir ekip olarak, uyum risk yönetiminin riske bakış açısını klasik anlayışın ötesine taşıyan bir cesaretle, akademik ve pratik anlamda önemli işler başardık. Bizi bir araya getiren bu mükemmel organizasyon için ekip arkadaşım Burcu Ö. başta olmak üzere; Cenk Erbil, SİNAN AKTÜRKOĞLU ,Cansu Eray ve Sündüs Yerlikaya ‘ya teşekkür ediyorum.

🔍 𝗕𝗮𝗻𝗸𝘀 𝗮𝗻𝗱 𝗕𝗼𝗼𝗸𝗺𝗮𝗸𝗲𝗿𝘀 𝗕𝗿𝗲𝗮𝗰𝗵𝗲𝗱 𝗔𝗠𝗟 𝗟𝗮𝘄𝘀? A sophisticated gambling syndicate exploited vulnerabilities in anti-money laundering (AML) protocols by creating multiple accounts under false identities, using ID documents purchased from desperate individuals. Cash was funneled through these accounts and gambled with major bookmakers like Sportsbet. Authorities emphasize that failing to implement proper customer identification measures breaches AML and counter-terrorism financing laws. Austrac, Australia’s financial intelligence agency, warns businesses to report suspicious activity and adhere to compliance requirements. This highlights the urgent need for tougher regulations and proactive enforcement to combat financial crimes in the gambling sector. #AML #FinancialCrime #Compliance #GamblingIndustry #RiskManagement #Austrac #H3MAnalytics https://lnkd.in/e6McagDK

🚨 𝗜𝘁𝗮𝗹𝘆’𝘀 𝗖𝗢𝗡𝗦𝗢𝗕 𝘄𝗮𝗿𝗻𝘀 𝗼𝗳 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗳𝗿𝗮𝘂𝗱 𝘀𝗽𝗿𝗲𝗮𝗱𝗶𝗻𝗴 𝗼𝗻 𝗪𝗵𝗮𝘁𝘀𝗔𝗽𝗽 Italy's Companies and Exchange Commission (CONSOB) has issued a warning about financial scams spreading via WhatsApp. Fraudsters are leveraging the names of trusted financial giants like Morgan Stanley and Blackrock to deceive unsuspecting savers with fake investment offers. 🔑 Key Details:  •  Unauthorized operators promote seemingly attractive investment opportunities, masking hidden scams. •    Fraudsters exploit well-known financial brands to gain trust and mislead users. •    CONSOB highlights the dangers of scams circulating not only on social media but now also through WhatsApp messaging. 💡 Protect Yourself:  •  Be cautious and critically evaluate any financial offer. •    Visit the ‘Watch for Scams!’ section on CONSOB’s website (www.consob.it) for practical tips on avoiding financial traps. Stay vigilant and safeguard your investments from these fraudulent schemes! #FinancialFraud #WhatsAppScams #InvestmentSafety #CONSOB #InvestorProtection #ScamAwareness #FinancialLiteracy #MorganStanley #Blackrock https://lnkd.in/d9QFf2fh

💼 𝗨𝗻𝗱𝗲𝗿𝘀𝘁𝗮𝗻𝗱𝗶𝗻𝗴 𝗠𝗼𝗻𝗲𝘆 𝗟𝗮𝘂𝗻𝗱𝗲𝗿𝗶𝗻𝗴 𝗢𝗳𝗳𝗲𝗻𝗱𝗲𝗿𝘀: 𝗕𝗿𝗶𝗱𝗴𝗶𝗻𝗴 𝘁𝗵𝗲 𝗞𝗻𝗼𝘄𝗹𝗲𝗱𝗴𝗲 𝗚𝗮𝗽 Despite hundreds of billions of euros spent on preventing and detecting money laundering (ML), and the massive fines levied against major Western banks, a critical knowledge gap persists: 𝗵𝗼𝘄 𝗱𝗼𝗲𝘀 𝗺𝗼𝗻𝗲𝘆 𝗹𝗮𝘂𝗻𝗱𝗲𝗿𝗶𝗻𝗴 𝗮𝗰𝘁𝘂𝗮𝗹𝗹𝘆 𝘄𝗼𝗿𝗸 𝗶𝗻 𝗽𝗿𝗮𝗰𝘁𝗶𝗰𝗲? While much of the research focuses on anti-money laundering (AML) regulations and countermeasures, studies on the 𝗯𝗲𝗵𝗮𝘃𝗶𝗼𝗿 𝗮𝗻𝗱 𝗱𝗲𝗰𝗶𝘀𝗶𝗼𝗻-𝗺𝗮𝗸𝗶𝗻𝗴 𝗼𝗳 𝗼𝗳𝗳𝗲𝗻𝗱𝗲𝗿𝘀 remain scarce. This new 𝘀𝗽𝗲𝗰𝗶𝗮𝗹 𝗶𝘀𝘀𝘂𝗲 seeks to address that gap by exploring key questions: 🔍 What schemes and methods do money launderers use? 🔍 What alternatives exist, and why do offenders choose one method over another? The contributions in this issue take diverse approaches, utilizing empirical data and theoretical insights to analyze the 𝗱𝗲𝗰𝗶𝘀𝗶𝗼𝗻𝘀 𝗼𝗳 𝘁𝗵𝗼𝘀𝗲 𝗹𝗮𝘂𝗻𝗱𝗲𝗿𝗶𝗻𝗴 𝗰𝗿𝗶𝗺𝗶𝗻𝗮𝗹 𝗽𝗿𝗼𝗰𝗲𝗲𝗱𝘀. They highlight a variety of offender types, data sources, and settings, offering a more nuanced understanding of ML activities. 📈 𝗪𝗵𝘆 𝗶𝘁 𝗺𝗮𝘁𝘁𝗲𝗿𝘀: This research shifts the focus from regulations to understanding offender behavior, paving the way for better-targeted AML strategies and new avenues for future study. 🚨 𝗟𝗲𝘁’𝘀 𝗿𝗲𝘁𝗵𝗶𝗻𝗸 𝗼𝘂𝗿 𝗳𝗶𝗴𝗵𝘁 𝗮𝗴𝗮𝗶𝗻𝘀𝘁 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗰𝗿𝗶𝗺𝗲. Addressing ML effectively requires not just enforcing rules but deeply understanding the choices and motivations of those who break them. #AntiMoneyLaundering #FinancialCrime #AML #ResearchInsights #MoneyLaundering #FinancialCompliance #IllicitFinance #H3MAnalytics https://lnkd.in/du7Q9wmN

𝗢𝗻 𝗡𝗼𝘃𝗲𝗺𝗯𝗲𝗿 𝟮𝟮, 𝟮𝟬𝟮𝟰, 𝘄𝗲 𝗽𝗿𝗼𝘂𝗱𝗹𝘆 𝘀𝗽𝗼𝗻𝘀𝗼𝗿𝗲𝗱 𝘁𝗵𝗲 𝟰𝘁𝗵 𝗔𝗻𝗻𝘂𝗮𝗹 𝗖𝗼𝗻𝗳𝗲𝗿𝗲𝗻𝗰𝗲 𝗼𝗳 𝘁𝗵𝗲 𝗖𝗼𝗺𝗽𝗹𝗶𝗮𝗻𝗰𝗲 𝗔𝘀𝘀𝗼𝗰𝗶𝗮𝘁𝗶𝗼𝗻, 𝘁𝗶𝘁𝗹𝗲𝗱 "𝗡𝗲𝘄 𝗣𝗮𝗿𝗮𝗱𝗶𝗴𝗺𝘀 𝗶𝗻 𝘁𝗵𝗲 𝗔𝗴𝗲 𝗼𝗳 𝗔𝗿𝘁𝗶𝗳𝗶𝗰𝗶𝗮𝗹 𝗜𝗻𝘁𝗲𝗹𝗹𝗶𝗴𝗲𝗻𝗰𝗲." Our CEO, Tolga Kurt, PhD, participated as a speaker in the panel "New Approaches in Compliance Risk Management and the Use of Artificial Intelligence." He shared the stage with an esteemed group of panelists, including:    Inonu Akgun ALP - Former Vice President of MASAK, CEO of AML Think    Hazar Ay - Growth and Analytics Manager, DVA Information Technologies    Gürdoğan Yurtsever - Chairman of the Mevzuat Uyum Derneği (Compliance Association) During his speech, Dr. Kurt emphasized the importance of not only focusing on what we should do with artificial intelligence but also what we should avoid, ensuring that AI implementations genuinely drive impact and efficiency. We extend our gratitude to everyone involved in making this valuable event a success, bringing compliance professionals together to shape the future of our field! #ArtificialIntelligence #Compliance #AML #RiskManagement #AIInnovation #FinancialCrime #ComplianceAssociation #H3MAnalytics

Sono lieto di annunciare che Senapa Consulting ha sottoscritto un accordo di partnership con H3M Analytics sulle attività AML. H3M Analytics (https://h3m.io/) è impegnata nella trasformazione della lotta globale contro il crimine finanziario attraverso tecnologie e innovazione all'avanguardia. Traendo ispirazione dalla visione di essere nell'"angolo in alto a destra", che simboleggia l'eccellenza e la leadership, H3M Analytics ha l’obiettivo anche con l’aiuto di Senapa Consulting, di consentire a 1.000 istituzioni di essere pioniere nella prevenzione dei crimini finanziari entro il 2034. Questa partnership consente a Senapa Consulting di estendere la propria offerta di soluzioni e consulenza all'area del contrasto al Riciclaggio di denaro con riferimento al Transaction Monitoring, al KYC e Sanction Screening.