AMLYZE

Have you heard about goAML, the fully integrated software solution 🖥️ developed specifically for use by Financial Intelligence Units (FIU's)? Given how fast it is being adopted by FIUs globally, you may, but how much do we really know about its functions and its critical role in the global fight against financial crime? That’s why we’ve created an independent overview covering: ✅ The main functions of goAML ✅ The main solutions and forms of reports of goAML ✅ Its usage in various countries ✅ The challenges it faces and the future outlook for this widely adopted platform. You can find the full article via the link in the Comments 👇 Plus, if your organization is looking for ways to increase the efficiency of goAML reporting, we’d be happy to share our expertise. With hands-on experience in this field, we’re happy to assist and support you navigating this platform.  #goAML #FinCrime #Compliance #FIUs #AML

Interesting story 💡 from our partner OpenSanctions on how the European Council and Commission are struggling to publish structured and easily accessible sanctions data in a timely manner 👇

Important update for compliance officers: the EU has just adopted its 15th package of sanctions targeting the Russian shadow fleet of tankers and the military-industrial complex. 🚨 Here’s what compliance officers working with sanctions implementation (customer screening and payments screening 🔎) need to know: ⚠️ Shipping companies targeted: Companies helping Russia sell crude oil have been sanctioned. ⚠️ Ban on 52 vessels: Vessels transporting Russian oil above the $60-per-barrel price cap are now banned from accessing EU ports and services. ⚠️ Additional targets: A chemical plant, a Russian airline supporting the military, and several defense companies. ⚠️ First-time action against Chinese actors: Full-scale sanctions, including travel bans and asset freezes, were imposed on Chinese entities supplying drone and microelectronic components to Russia. ⚠️ Fast updates for screening: Our screening tool integrates with leading dataset providers, ensuring their databases are updated rapidly so our clients stay fully compliant when screening both customers and payments. 🛠️ Want to see how our tool works? 💡 With less than 1% false positives, we’re offering you an opportunity to test the performance of your current screening solution compared to ours. Oh, and by the way, we do so free of charge 😉 That’s how confident we are about our algorithm and risk screening engine. #AML #Sanctions #Compliance #CustomerScreening #PaymentScreening #EU

AMLYZE turns 5️⃣ on Friday the 13th! 🎉 What a day to celebrate 🥳 – our 5th birthday falls on Friday the 13th! We believe it’s a sign of bold milestones and incredible achievements. In just five years, AMLYZE has grown from a vision to a thriving company making a real difference in the fight against financial crime. Our greatest strength? Our team of highly experienced anti-financial crime, fraud prevention, tech and financial market supervision experts. With backgrounds from institutions such as the European Central Bank, the European Banking Authority, and major financial institutions, we bring unparalleled expertise to every challenge we face. Here are some of the main milestones we’ve accomplished together: ✅ Developed a diverse client base ranging from e-commerce to fintech and banking. ✅ Built a suite of 5 vital and complementary AML/CFT modules – with more on the way soon! ✅ Unlocked foreign markets and have planning to expand into even more next year. ✅ Expanded our client base with some well-known, solid names (more details coming soon!). ✅ In 2024 alone, more than doubling our monthly revenue. ✅ Successfully completed two investment rounds despite a challenging atmosphere for funding. None of this would have been possible without the dedication of our team, the trust of our clients and investors as well as the support of our partners 💙. While not everyone from our incredible team could be in this photo, we deeply value and appreciate 🙏 each and every one of our amazing colleagues who have contributed to our journey over those years. Here’s 🥂 to the next 5 years of growth, innovation, and making an even greater impact in the anti-financial world! #FridayThe13th #BDay #AMLYZE #5Years

We are excited to announce that AMLYZE has been listed in the Cambridge SupTech Lab's dynamic SupTech Marketplace and will be featured in the upcoming State of SupTech Report 2024! 📘💡 It's not just another database and report. These guys have created a truly valuable and detailed SupTech company database of 1️⃣8️⃣0️⃣+ solution providers and a detailed ecosystem visualization. And the State of SupTech Report 2024, which incorporates feedback from 127 financial authorities in 97 countries across 6 continents, provides a global analysis of supervisory technology (SupTech), covering its use cases, the enablers and barriers associated with digital infrastructure and technologies. A link to our profile and an introduction to the report can be found in the Comments section 👇. #SupTech #CambridgeSupTechLab #SupTechMarketplace

The Swedish Financial Supervisory Authority (Finansinspektionen) has fined Klarna, the world's leading buy now, pay later provider trusted by more than 150 million users worldwide, €43.4 million for serious deficiencies in its anti-money laundering (AML) controls. Just two and a half years ago 🕣, Klarna's CEO criticized EU regulations, calling them "some of the worst ever created." This case highlights a stark reality: even fintech giants must align with regulatory expectations or face costly consequences. 💡Key Lessons for Fintechs: 👉 Compliance cannot be an afterthought Klarna’s fine shows that rapid growth without sufficient investment in AML processes can lead to major pitfalls. Compliance frameworks should scale alongside your business. 👉 Regulatory oversight is intensifying Supervisors are no longer just focusing on traditional financial institutions. Fintechs are under the microscope, and regulators are setting the bar higher than ever. 👉 Strong AML controls protect more than just finances Failing to comply not only incurs fines but also damages customer trust and a company’s reputation – two invaluable assets in today’s competitive landscape. Links to the latest news and comments from the past - in the Comments section 👇 #AML #Fintech #RegTech #Compliance

At AMLYZE, we understand that combating financial crime goes beyond addressing money laundering and terrorist financing. One of the most critical yet under-discussed threats in the world today is proliferation financing – the illegal channeling of funds to support the development or delivery of weapons of mass destruction (WMDs). Are you and your organisation exposed to these risks? 🤔 Have a look at our latest blog article in which, we break down: 🔍 What proliferation financing is 📜 Key regulatory frameworks, including FATF recommendations ⚙️ How financial institutions and fintechs can detect and mitigate this risk 🆘 How AMLYZE can help you to tackle with this risk Link to the blog article written by Mažvydas Miliauskas, CAMS - in the Comments section 👇 #ProliferationFinancing #AML #FinancialCrime #Compliance

Over the past two months, we’ve had the privilege of engaging with Poland’s vibrant Anti-Financial crime community at two key events: Financial Crime Fighters Poland Edition and Warsaw Finance Week. These gatherings offered a fantastic opportunity to dive 🤿 deeper into what’s happening in the market with some of the most influential banks and fintechs operating on the Polish market. Here’s what stood out for us: 👉 Polish FIs are leading the way in the EU, enhancing their systems to align with the forthcoming EU Anti-Money Laundering Package, which aims to unify AML regulations across the region. 👉 Institutions in Poland are ready to implement advanced technologies to better identify risks and streamline compliance processes. 👉 A stronger partnership between regulators and FIs is emerging, demonstrating a shared commitment to staying ahead of financial crime trends. 📌 Poland has intensified its AML efforts, as exemplified by the recent arrest of Dmitry Vasiliev, former CEO of the Russian crypto exchange WEX, in Warsaw (link in the comments section 👇). This action, driven by a U.S. extradition request, underscores Poland's dedication to combating financial crimes and aligning with broader EU initiatives. Poland truly stands out as a competitive and promising market with exciting potential for new collaborations, and the appetite for tech enabled information sharing 🔁 alternatives that we have observed during these events was a very practical demonstration of that. We’re thrilled to have met so many key stakeholders during our last visit and are excited to support the transition towards increasingly tech-supported AML operations in Poland. If we haven’t connected yet, feel free to reach out us! #Poland #AML #CFT #collaborations

Is this what you were talking about over your morning coffee ☕ today? The story making headlines 📰 about how Russian criminals helped UK drug gangs launder lockdown cash is both shocking and thought-provoking. A recent global investigation revealed truly staggering multi-billion-dollar Russian money laundering schemes involving a web of ransomware profits, illegal cash flows, and crypto transactions tied to drug trafficking in South America and the UK. These operations demonstrate how different bad actors – from cybercriminals to drug cartels – can collaborate, creating a dangerous synergy that fuels crime worldwide. While money laundering itself is a serious crime, the convergence of criminal interests across borders makes it exponentially more harmful. This highlights the critical importance of advanced AML tools, as even seemingly small transactions may be fragments of much larger laundering operations. This is why a degree of compliance-related pragmatism – perhaps even "pessimism" – is necessary. Stricter requirements and tools are not just red 🔴 tape; they're essential steps toward a cleaner, more secure financial system. At AMLYZE, we believe every organization in the financial ecosystem plays a role in disrupting these networks. Let's talk about how better tools and collaboration can help uncover and stop these sophisticated schemes. #AML #FinancialCrime #CryptoCompliance #AMLTools #MoneyLaundering

Is building and maintaining correspondent relationships important to your financial institution? 🤔 Then AMLYZE has something you need - a 🆓 detailed guide to correspondent relationships with real case analysis included! Take a sneak peek look below 👇 and download a full guide by following this link: 👉 https://lnkd.in/dwu-TUS4