FICO

MARCH 6, 2020

By combining advanced AML analytics in scoring processes and robotics in alert and case handling you tremendously improve efficiency and effectiveness in compliance. In our experience these technologies can increase the number of SARs by 20% while at the same time producing efficiency gains of 30% in alert investigation and case management.

Financial Crimes 81

Financial Crimes Crime Compliance Technology 81

Seon

SEPTEMBER 23, 2024

List Checking : Comparing information against core sanctions lists, such as the Office of Foreign Assets Control (OFAC) Consolidated List, OFAC’s Specially Designated Nationals (SDN) List, the European Union’s Consolidated List of Sanctions, the United Nations Security Council’s Consolidated List, and other local regulatory watchlists.

Suspicious Activity Report (SAR) 52

Suspicious Activity Report (SAR) Money Laundering Due Diligence AML 52

Seon

SEPTEMBER 14, 2023

Other regions sanctioned by OFAC include: Balkans Belarus Burma Central African Republic Ethiopia Iraq Lebanon Venezuela Yemen Zimbabwe Organizations may have their own list of high-risk countries. However, the rules set by the Office of Foreign Assets Control (based in the US) tend to be followed by most countries around the world.

Risk 52

Risk Money Laundering Suspicious Activity Report (SAR) AML 52

FICO

DECEMBER 23, 2020

Despite the enormous efforts banks put into AML monitoring, the effectiveness of the overall system to combat financial crime is disappointingly low: for example, only 4% of SARs prompt law enforcement inquiry. Now compliance professionals will also need to concern themselves with mitigating ransomware sanctions risks (i.e.,

Financial Crimes 52

Financial Crimes Ransomware Crime AI 52