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🙌 Pioneering safe transactions with #NebulaGraph! Check out why and how the #GlobalFintechUnicorn fights financial fraud, ensuring secure transactions worldwide with #NebulaGraph here https://lnkd.in/gisFUsT2

It is estimated that more than 50% of businesses have been a victim of financial crime, with total global losses amounting to a remarkable $1.4 trillion. Though data and analytics have always been a part of this world, stepping up to more sophisticated approaches such as data science, machine learning, real time analytics and AI can help businesses better protect themselves whilst dramatically lowering their compliance costs. Read our latest thinking from our fincrime and compliance SME Max W..

We are happy to share that LSEG Risk Intelligence has been recognized within FinCrimeTech50, being amongst the trend-setters in the anti-financial crime space. Launched by FinTech Global, the list features the most innovative tech companies leading the fight against money laundering, fraud and financial crime in financial services. Download the report: https://lnkd.in/gsgUK7Ky Learn more about #FinCrimeTech50: https://lnkd.in/gqYMknE5

🔍🚩 Unearthed from the vast digital realms is an enlightening article that sheds light on the role and importance of 'Red Flags' in Transaction Monitoring. 1️⃣ Red flags are critical in transaction monitoring, acting as alerts for transactions that stray from the expected customer activity or breach certain predefined thresholds. Such alerts warrant investigation from the MLRO or AML team 🕵️♂️💼 2️⃣ Automated transaction monitoring systems aid in generating alerts based on breach of thresholds or occurrence of unusual transactions. The quality and frequency of these alerts are then investigated by AML analysts 🔎💻 3️⃣ The article presents various examples of red flags indicative of possible money laundering or terrorist financing activities, ranging from frequent cross-border transactions with high-risk countries to large deposits in dormant accounts 💰🌎 Delve deeper into this informative read here: https://lnkd.in/gi9uMZhh For those eager to advance their knowledge, our extensive learning platform is at your disposal, offering an array of courses, webinars, and certifications. This educational journey ties in beautifully with the subject of the shared article, allowing learners to hone in-demand skills and elevate their professional prowess. 🤔 DO YOU WANT TO LEARN MORE? Get instant access to over 100+ on-demand online courses and expert-led webinars which are included in our all-access membership. ✔️ 100+ Courses and Webinars ✔️ Certification Programs (e.g., CFCP, CAIP, etc.) ✔️ Interactive LMS ✔️ Completion Certificates ✔️ Learning Paths ✔️ Live Tutoring ✔️ Global Community ✔️ Resource Hub ✔️ AI Tutor 🎯 HOW TO GET STARTED? ➡️ Explore membership options: https://lnkd.in/eBMJ6vHF ➡️ Learn more about what’s included: https://lnkd.in/esQHr6px #FinancialCrimeAcademy #AntiMoneyLaundering #MoneyLaundering #AntiFinancialCrime #Compliance #CorporateRiskManagement #Education #Finance #FinancialCrime #TransactionMonitoring #RedFlags #AML #MLRO #RiskManagement #FinancialRegulations #OnlineLearning #CorporateTraining #Webinars #OnlineCourses #Certifications #FinancialSecurity #FinancialEducation #AntiMoneyLaunderingTraining

In financial crime compliance, regulators have set expectations for financial institutions to conduct thorough assessments of name screening alerts. According to Napier AI, to meet these expectations, financial institutions must evaluate and consistently update the adequacy and relevance of their client screening parameters. Read more here: https://lnkd.in/efkeG2Cd #FinTech #RegTech #AI Greg Watson Mariya Pattara

🚨 Manual Adverse Media Screening: Is Your Compliance Team Ready for the Future? Every day, compliance teams sift through endless news articles, reports, and media sources to spot potential risks. It’s a manual, time-consuming process that leaves room for error. And in a world where missing a key detail could lead to costly fines or reputational damage, can your team afford to fall behind? 💡 There’s a better way: Automated Adverse Media Screening. Our latest blog explores how automation is reshaping the way banks handle adverse media screening—saving time, increasing accuracy, and helping compliance teams stay ahead of regulatory demands. 🔍 Read the full blog to learn: ➡️ The limitations of manual screening and its hidden costs ➡️ How automated solutions provide 24/7 monitoring and real-time risk detection ➡️ Why automation is quickly becoming the must-have solution for US banks. Dive into the blog 👉 https://lnkd.in/dHWhxgk7 #FinancialCrime #Compliance #UBO #KYC #CorporateTransparencyAct #PanamaPapers #RiskManagement #AML #RegulatoryCompliance #FinTech

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We are continuing to see a tremendous uptick in how our Albatross LLM is supporting financial institutions. Take a look at a recent US bank that we partnered with, that used Albatross to power their AML program. ✅ Detected 3-4x more instances of 1st & 3rd party fraud ✅ Reduced false positives by more than 50% ✅ Provided auditable & explainable outputs Stay tuned for more customer stories just like this. We are excited to share more about how others are leveraging our Gradient models across different industries. #Gradient #GradientAI #FinServ #AML #AlbatrossLLM

Understanding Transaction Monitoring: A Key Defense Against Financial Crime In today’s financial landscape, transaction monitoring is crucial for protecting institutions and clients from money laundering, fraud, and other illicit activities. Here’s why it matters and how to implement effective practices. Importance of Transaction Monitoring Transaction monitoring helps financial institutions detect suspicious activities in real time, preventing financial crime before it escalates. This process ensures regulatory compliance and enhances customer trust. Common Red Flags Key indicators to watch include: • Unusually large transactions inconsistent with a customer’s profile • Frequent cross-border transactions, especially from high-risk jurisdictions • Multiple small transactions designed to evade reporting thresholds • Rapid movement of funds between accounts without clear purposes • Transactions linked to politically exposed persons (PEPs) or sanctioned entities Tools and Technologies Effective monitoring relies on: • Rules-Based Systems: Setting thresholds for unusual activity • Machine Learning and AI: Identifying complex patterns over time • Behavioral Analytics: Detecting deviations from expected customer behavior • Sanctions Screening: Checking against international watchlists Steps for Effective Monitoring 1. Define risk-based scenarios tailored to customer profiles. 2. Combine real-time alerts with post-event reviews. 3. Escalate flagged transactions for investigation and potential SARs. 4. Regularly update monitoring models to adapt to new patterns. Best Practices To enhance transaction monitoring: • Update your risk-based approach regularly. • Invest in staff training to recognize red flags. • Use advanced technologies for improved accuracy. • Conduct audits to identify and address gaps in monitoring processes. Transaction monitoring is essential for compliance and safeguarding the financial system. By implementing these strategies, organizations can better protect themselves and their clients. #TransactionMonitoring #FinancialCrime #AML #Compliance #RiskManagement