New technologies aid in the fight against money laundering thereby improving bank compliance.
Money launderers actively look for new ways to integrate the proceeds of their crimes into the legitimate financial stream.
Increasingly, these criminals launder money through smaller regional banks. They do so with the belief that these institutions do not have the millions to invest in the processes and technology needed to effectively resolve entities. In many cases, they're right.
To stop these activities and comply with the ongoing barrage of AML regulations, banks need to improve their entity resolution by finding, linking and visualizing complex relationships across parties, accounts and transactions.
Download our white paper for information on the state of anti-money laundering. You'll also learn about the highly efficient data intelligence technologies that banks can now use to avoid the fines and prosecution that accompany non-compliance.