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There’s been a landslide of antislavery legislation in the last decade, which solidifies modern slavery as a criminal predicate offense and a core component of compliance due diligence programs.

KYC
DECODED

January 19, 2023

Regulations boost the fight against modern slavery

Crypto exchange, Coinbase, started the new year with a $100 million bill to pay, because of “significant failings” in its anti-money laundering (AML) and know your customer (KYC) compliance programs. What went wrong and what could have been done differently?

KYC
DECODED

January 17, 2023

Coinbase’s lesson in KYC compliance

AML effectiveness. AML efficiency. What do these words really mean and what difference do they really make in the fight against financial crime? In this episode of KYC Decoded, host Alex Pillow is joined by Natasha Vernier, co-founder and CEO of the regtech firm, Cable.

KYC
DECODED

January 12, 2023

Effectiveness > Efficiency

Regulatory technology (regtech) has revolutionized the way firms – big and small – manage compliance processes. The rise of digital solutions has led to significant efficiency gains for the teams responsible for tasks such as internal regulatory auditing, customer onboarding, and enhanced due diligence.

KYC
DECODED

January 11, 2023

Regtech leaders to watch in 2023

New corporate transparency and supply chain due diligence regulations are being introduced around the world. To manage supply chain due diligence, obliged entities need a robust and transparent five-point framework.

KYC
DECODED

December 21, 2022

Supply chain due diligence

GM of Moody’s Analytics KYC, Keith Berry, reflects on some of the big milestones over the last 12 months, and projects forward, looking at what 2023 may hold.

KYC
DECODED

December 21, 2022

Moody’s Analytics KYC - end of year update

To date, the cryptocurrency market has been largely unregulated, making it a breeding ground for financial crime. In 2021, in the US, it’s thought some $8.6 billion worth of cryptocurrency was laundered by cybercriminals. These numbers have brought crypto into global regulators’ spotlights, and the EU has issued its proposal to regulate crypto assets.

KYC
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December 16, 2022

What does the proposed EU markets in Crypto-Assets Act (MiCA) mean for the industry?

In the final installment of our investigative journalism miniseries, host Alex Pillow is joined by The Sentry’s Michelle Kendler-Kretsch, Investigative Coordinator and Data Specialist, and Debra LaPrevotte, Senior Investigator and former FBI supervisory special agent. Their engaging, dynamic conversation drives home how investigative journalism plays a critical role in the anti-financial crime ecosystem.

KYC
DECODED

December 14, 2022

Investigative Journalism Miniseries Part 3: Fueling Actionable Intelligence

As blockchain technologies move towards mainstream adoption, there is huge potential for financial firms to realize their benefits in guarding financial transaction data against hackers.

KYC
DECODED

December 13, 2022

The Benefits of Blockchain in Financial Services

Customer onboarding means going through a process to understand whom you are doing business with, and the risks of doing business with them. An onboarding or KYC process is designed to uncover potential risks associated with individuals or entities before they become part of your business network.

KYC
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December 8, 2022

Customer onboarding – best practices for financial institutions

Greed. Scandal. Fraud. Our investigative journalism miniseries continues with an epic true story of one of the biggest, most harrowing heists in history. This hair-raising episode welcomes Bradley Hope, one of the co-authors of Billion Dollar Whale: The Man Who Fooled Wall Street, Hollywood, and the World.

KYC
DECODED

December 7, 2022

Investigative Journalism Miniseries Part 2: Crazy Rich Whale

The Wolfsberg Group is a global authority on standards for know your customer (KYC), anti-money laundering (AML), and counter-terrorist financing (CTF) in banking. The group recently issued five key principles that financial institutions should use to guide their approach to use of AI and machine learning in their anti-financial crime programs.

KYC
DECODED

December 2, 2022

Mounting approval for the use of AI and machine learning in the fight against financial crime

Multi-billion-dollar fraud. Fake bank accounts. Hackers. Spies. Whistleblowers. In this episode, Dan McCrum, Financial Times investigative reporter, brings to life his book Money Men: A Hot Startup, A Billion Dollar Fraud, A Fight for the Truth. This entry into our investigative journalism miniseries dissects the too-good-to-be-true German tech startup, Wirecard, and the role Dan played in exposing its darkest secrets.

KYC
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November 30, 2022

Investigative Journalism Miniseries Part 1: House of Cards

Explore new and emerging KYC blockchain-based technologies designed to combat modern slavery and increase confidence that you know your customer. From digital identification systems designed to shield children from human trafficking to on chain KYC solutions, the blockchain is redefining how we think of customer due diligence.

KYC
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November 29, 2022

Blockchain Based Solutions to Combat Modern Slavery

The Moody’s Analytics team recently won for Best Solution in KYB and Entity Resolution at Regulation Asia Awards for Excellence 2022.

KYC
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November 28, 2022

Moody’s Analytics clinches Best Solution in KYB and Entity Resolution at Regulation Asia Awards for Excellence 2022

Since our sanctions mini-series earlier this year, further packages of sanctions have been released. And most recently, the EU issued a set of FAQs on account openings and deposits. In this bonus episode of KYC Decoded, sanctions expert and Moody's Analytics industry practice lead, Ted Datta, makes a return appearance to shed light on what exactly is in those FAQs and what firms need to do next...

KYC
DECODED

November 23, 2022

Sanctions update - bonus episode

A landmark ruling in the Dutch courts has paved the way for the use of artificial intelligence (AI) in anti-money laundering (AML) strategies, potentially changing the landscape for fintech and regtech globally. A ruling found that the Dutch central bank, De Nederlandsche Bank (DNB), was wrong to have banned digital challenger bank, bunq, from using AI to conduct its anti-money laundering (AML) risk monitoring.

KYC
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November 22, 2022

Rise of the machines – what landmark Dutch AI ruling means for AML compliance

Using shell companies as a guise for illicit activity is one of multiple money laundering techniques. In the video, our Financial Crime Practice Lead for APAC and Middle East, Chua Choon Hong, talks through some of the common red flags to look out for, and the risks of dealing with shell companies.

KYC
DECODED

November 17, 2022

How to Uncover Shell Companies that Use Money Laundering Techniques

In this article, we cover which questions you should add to your “must-ask” list the next time you’re talking to a KYB API provider - and what kind of answers you want to hear.

KYC
DECODED

November 17, 2022

9 questions to ask a know your business API provider (and 1 to ask yourself)

The tables have turned. In this episode of KYC Decoded, our usual host Alex Pillow sits down as a guest with Jody Houton, UK Content Marketing Manager at IDnow, an identity proofing and fraud prevention platform.

KYC
DECODED

November 16, 2022

Know Your Tech. Know Your Experts. Know Your Potential.

Risks associated with Russian deposits need to be managed on a near real-time basis. Ensure you understand the latest EU regulation governing this issue, and how you can manage compliance.

KYC
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November 16, 2022

New regulations on Russian deposits in the EU: how to prepare and respond?

Digital transformation of know your customer (KYC) processes has evolved quickly, and there are no signs of the evolution slowing down. Innovation continues apace as always-on forms of risk monitoring become more sophisticated. But how do compliance professionals themselves feel about this?

KYC
DECODED

November 15, 2022

Transforming risk and compliance – perpetual KYC

We’re thrilled to announce an award win for our team! Moody’s Analytics KYC has been recognized as “Best buy-side compliance product – KYC” by Waters Technology.

KYC
DECODED

November 7, 2022

Best buy-side compliance product for KYC

On January 1, 2023, a law will come into force in Germany that obliges large companies to respect human rights and the environment across their supply chains.

KYC
DECODED

November 4, 2022

Germany prepares for the Supply Chain Due Diligence Act

As criminals get ever smarter at cleaning their dirty cash, global anti-money laundering rules get stricter. For companies, this means the challenge of identifying ultimate beneficial owners also gets harder - and good data management is at the heart of this struggle.

KYC
DECODED

November 4, 2022

How to Solve the Growing Challenge of Beneficial Ownership Data

Understanding the sanctions regimes in Asia, a key global hub for finance, is paramount for conducting business in a compliant manner.

KYC
DECODED

November 3, 2022

Sanctions Awareness: Singapore’s Position and the Next Frontier

In this episode of KYC Decoded, Alex Pillow is joined by founder at Arctic Intelligence, Anthony Quinn. Their discussion sheds light on the current state of risk assessment frameworks and practices that aren't necessarily keeping up with the rapidly accelerating rate of stricter regulations and heightened criminal activity.

KYC
DECODED

November 2, 2022

Assessing Risk Assessment

Alex Pillow, host of the KYC Decoded podcast, caught up with Head of Financial Crime at Featurespace, Annegret Funke, and journalist from Compliance Week, Aaron Nicodemus, to get their standout moments from ACAMS Vegas. Here are their thoughts on the things you need to know. • US Beneficial ownership: the registry is coming, what do you need to understand and how do you prepare? • Crypto exposure: every institution has exposure through their customers, so where is yours? • Encouraging innovation: regulators and law enforcement are actively fostering innovation in the industry and strengthening communication and collaboration. • Inclusivity in banking: bringing small and community banks into the financial crime fold to give criminals a smaller target. There’s much more, so listen to this bonus episode of KYC Decoded and unlock ACAMS Vegas ’22 in less than 22 minutes.

KYC
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October 27, 2022

Bonus Episode: ACAMS Vegas 2022, in less than 22 minutes

In this article, we asked subject matter expects from across the Moody’s Analytics KYC team to share the best financial crime books currently sitting on their shelves. Review our list and decide which books need to be added to your 2023 financial crime reading list.

KYC
DECODED

October 26, 2022

8 Best Financial Crime Books

Boost your confidence in doing business with cryptocurrencies by understanding how bad actors can be traced. Solid know-your-customer programs play an essential part in combatting the dramatic rise of modern slavery, especially as bad actors are increasingly turning to cryptocurrency to shield their identities. Fortunately, Moody’s Analytics is armed with the tools you need to join the fight against modern slavery in the crypto space.

KYC
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October 19, 2022

Detecting Modern Slavery in Crypto Transactions

How do UBO disclosure requirements differ across the world? How can an ultimate beneficial owner be defined? What information, if any, must be collected and where does this data live? It’s time to take stock of the wonderful world of UBO requirements.

KYC
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October 14, 2022

UBOs: what they are, disclosure requirements and data as a challenge

A huge volume of news is published every day around the world. This news contains valuable information that can be harnessed to assess and mitigate risk when integrated into a know your customer (KYC) process.

KYC
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October 13, 2022

Too much information: How negative news screening can cut through the noise

This episode welcomes Jean-Paul Eaton, Global Community Director of FINTRAIL’s Fintech Fincrime Exchange (FFE), who takes listeners through the story of how FFE originated. What started as a small roundtable, FFE has now matured into a global community that shares information on how to detect and deal with financial crime. Listen along to learn more about FFE and FFECON, its annual conference for FinTechs and financial crime professionals to understand and share developments in the industry.

KYC
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October 12, 2022

Community in AML: The FFE Story

In this fireside chat, Vishal Marria and Rob Fauber discuss challenges in the current risk landscape – including relative new interests like climate and cyber risk – and how building operational resiliency helps overcome them.

KYC
DECODED

October 12, 2022

Use data at scale to respond to risk

Customer due diligence is generally mandated and enforced by regulatory bodies. Know your customer (KYC) is a critical component of the due diligence process; know your customer’s customer (KYCC) goes further. As part of KYCC, financial institutions must identify, verify, and investigate their customer’s customer.‍

KYC
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October 4, 2022

Correspondent Banking: Know Your Customer's Customer

When approaching a KYC transformation program, there are three common mistakes organizations the world over tend to make.

KYC
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October 4, 2022

Three KYC program mistakes (and how to avoid them)

Chartis Research released part two of its report: Financial Crime Risk Management Systems: Watchlist Screening and Monitoring Solutions. Moody’s Analytics is named Category Leader for Sanctions Screening Solutions: Name Screening.

KYC
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September 28, 2022

Moody's Analytics recognized as Watchlist Screening & Monitoring Category Leader by Chartis

In August 2022, authorities in Bremen threatened to close all betting shops in the city amid money laundering concerns. Betting shops are tempting targets for criminals and show the importance of thorough checks to prevent financial crime.

KYC
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September 28, 2022

Bremen’s anti-money laundering gamble

Compliance is no longer a burden and cost center, but instead the discipline is emerging as a competitive advantage for those that successfully integrate it into their product, service, and overall organization.

KYC
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September 16, 2022

From KYC to KYB: the key differences and best practices

In our pKYC series we have explored the concept of pKYC and the technologies behind it, but what is it like operationally to practice this modern process and yield positive outcomes? In this final installment of the pKYC series, Jessica Cath, Head of Financial Crime Project Delivery at FINTRAIL, discusses her unique experiences and perspectives as an active practitioner in compliance to answer this question.

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September 14, 2022

pKYC Miniseries: Part 3

A large difference between traditional KYC and Perpetual KYC is the technological advancements that enhance the process to make it more efficient. In the second part of our pKYC series, Alex Pillow speaks with Delphine Masquelier, KYC Solution Manager at Quantexa, Alex Richter, Head of Customer Lifecycle Management at PassFort, and Henry Irish, Manager of Technology Strategy at Moody’s Analytics. Their discussion takes a closer look at the technologies needed for a successful Perpetual KYC program.

KYC
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September 7, 2022

pKYC Miniseries: Part 2

Chartis Research recently released KYC/AML Data Solutions, 2022: Market and Vendor Landscape, in the report, they examine key trends in this market and detail why Moody’s Analytics is positioned as the category leader with the most complete offering for KYC/AML data solutions.

KYC
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September 6, 2022

Moody's Analytics recognized as Category Leader for KYC/AML Data Solutions 2022

Are the traditional methods of periodic review things of the past? A new approach called Perpetual KYC (pKYC), offers solutions to optimize the conventional process and make it more time efficient and less expensive, providing real-time risk mitigation. In the first part of our Perpetual KYC series, host Alex Pillow is joined by Chor Teh, Moody’s Analytics Financial Crime Compliance Industry Practice Lead, to explore the definition, understanding, and implementation of Perpetual KYC.

KYC
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August 31, 2022

pKYC Miniseries: Part 1

Exponential development of cryptocurrencies and other digital assets has left financial institutions and fintechs with questions about how to remain compliant while doing business with the non-traditional organizations.

KYC
DECODED

August 26, 2022

Comfort with Crypto Compliance

It is noble and important work when compliance professionals spend their days behind an office desk using sophisticated tools and processes to prevent financial crime. However, there’s another compelling story to be told about the difference one can make away from the office, deep within the trenches. This episode welcomes undercover agent and author, Robert Mazur, who has worked side-by-side with some of the world’s most notorious money launderers and drug traffickers. Be sure to grab your copy of Mazur’s latest book, The Betrayal, and listen along as he shares his experiences and the inspiration behind his work.

KYC
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August 24, 2022

Book Club: The Betrayal

Crypto may provide bad actors with yet another channel to launder funds, but could it also provide a unique set of opportunities for KYC and AML professionals to revolutionize their practices and manage risks in new ways? The third and final installment of our Crypto Series welcomes Niels Pedersen, Senior Lecturer of FinTech at The Manchester Metropolitan University, and Laurence Twelvetrees, a multiple time MLRO at crypto-focused businesses.

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August 17, 2022

Crypto Miniseries: Part 3

Outsmarting criminals preying in the crypto space - no one said it was easy. How can KYC and AML systems work with law enforcement to tackle these opponents? Our crypto series continues with part two taking a deep dive into risk mitigation and law enforcement focused on crypto. In this episode, host Alex Pillow is joined by Craig Gleeson, Senior Office for the Crypto assets Money Laundering, Bribery & Corruption Threat Team for the UK’s National Economic Crime Centre in the NCA, and Tom Robinson, co-founder and Chief Scientist at blockchain analytics company, Elliptic.

KYC
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August 17, 2022

Crypto Miniseries: Part 2

Like it or not, some of your global customers are likely to be engaging with cryptocurrency. Flashy media headlines highlighting the scandals related to the crypto space often create feelings of fear, anxiety, and confusion, which can muddle our understanding of the real risks associated with crypto. In the first episode of our 3-part cryptocurrency series, special guests Yana Afanasieva, Founder & CEO of Competitive Compliance and host of the podcast Compliance that Makes Sense, and Pierce Kearns, Financial Crime Consultant and cryptocurrency enthusiast, provide their takes on the perceived versus real risks related to crypto as well as the responsibility KYC professionals have to understand them.

KYC
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August 17, 2022

Crypto Miniseries: Part 1

Criminals are constantly seeking new organizations through which to launder money, and frequently target not-for-profits and charities. Consequently, you must identify registered and vetted charities as part of the know your customer (KYC) and anti-money laundering (AML) compliance process. Doing so has become easier now that Moody’s Analytics Orbis includes local lists of registered and vetted charities.

KYC
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August 4, 2022

An easier way to screen charities

Those working in professional services have a regulatory and moral duty to make sure conflicts of interest don’t interfere with their obligations to customers. Using KYC best practices for due diligence helps professionals achieve compliance and control risk.

KYC
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July 28, 2022

Conflicts of interest: the compliance challenges

How do Financial Institutions determine the right RegTech vendors for them? And how do RegTech providers establish a reputation that is built on trust? The RegTech industry poses unique challenges for buyers and sellers alike. In this special bonus episode, host Alex Pillow and guest Matt Neill, Managing Director and Co-founder of Beyond, take a closer look at Beyond’s recently published guide, Leveraging RegTech in Financial Crime Compliance Programmes.

KYC
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July 27, 2022

Bonus Episode: RegTech Research Report

Unravelling complex company structures to identify ultimate beneficial owners can be difficult, owing to complex and sometimes opaque business structures. But it is an important step in protecting a firm from risk and complying with regulations.

KYC
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July 25, 2022

How to identify ultimate beneficial owners – and why they matter

Governments and regulatory bodies worldwide are taking an increasingly tough stance on money laundering, terrorist financing and other financial crimes. Customer due diligence is critical in effectively managing your organization’s risk exposure and protecting it against financial crime. Complex company structures can make knowing your customer and identifying ultimate beneficial owners (UBOs) difficult. Complex trade routes are often used to launder money and conceal fraud. A report released in December 2020 by the Financial Action Task Force and the Egmont Group of Financial Intelligence Units highlights the risk indicators that denote suspicious activity associated with trade-based money laundering (TBML).

KYC
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July 21, 2022

Trade-based money laundering: do you know the signs?

Little headway has been made on the confiscation and recovery of illegally acquired assets. The EU proposes to tackle this with a new directive that would drive national strategies for member states, see greater international cooperation, and expand the mandate of asset recovery agencies.

KYC
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July 6, 2022

Asset confiscation and recovery: EU proposes a new directive

Long overlooked as important in risk management, negative news screening’s significance in combating financial crime is coming to the fore, as the Wolfsberg Group emphasizes in its FAQ for financial institutions.

KYC
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June 24, 2022

Negative news screening is intrinsic to risk management

In a world where computer hacking has become increasingly more sophisticated, how does an organization ensure it does not find itself the next victim of a financial cybercrime attack? In this episode of Moody’s Talks: KYC Decoded, leading investigative journalist and author of the recently published book The Lazarus Heist, Geoff White, breaks down the events of the 2016 Bangladesh bank heist, commonly attributed to North Korea’s cyber unit, the Lazarus Group. Listen along for a riveting account of money laundering fueled by cybercrime, the devastating consequences such crimes can bring about for victims, and the systems and controls needed to combat it.

KYC
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June 23, 2022

Book Club: The Lazarus Heist

Russia’s invasion of Ukraine has created challenges for regulated businesses that need to protect their reputations while complying with sanctions. Advances in digital KYC are giving firms the tools to control reputational risk, and limit fraud and other operational threats.

KYC
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June 13, 2022

Digital KYC: Managing and mitigating risks resulting from the Russia-Ukraine crisis

Bad actors use various ways to circumvent sanctions, among them are deceptive shipping practices. Such practices affect the maritime industry, and every company involved in international trade, so an awareness of them is crucial to avoiding risk.

KYC
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May 11, 2022

Evading sanctions through deceptive shipping practices

Various methods are used to circumvent sanctions. Knowing what they are and how to spot them can help you avoid doing business with sanctioned entities. Following the Russian invasion of Crimea in 2014, the US imposed sanctions against Russia. Since then, the country’s elite have used various strategies to protect their financial interests.

KYC
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May 4, 2022

How to spot sanctions evasion

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Could crypto actually be enabling sanctions evasion, or is this just grabbing headlines? In the final discussion of our Sanctions Miniseries, David Carlisle, VP of Policy and Regulatory affairs at blockchain and analytics company Elliptic, weighs up the validity of this question.

Sanctions Miniseries Part 4: Sanctions & Crypto

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You may have looked data up and down and back again, but have you looked at it sideways? In Part 3 of our Sanctions Miniseries, host Alex Pillow is joined by KYC expert, Graham Barrow, host of The Dark Money Files podcast. Their discussion sheds light on the networks of those who are sanctioned and the risk indicators to look for.

Sanctions Miniseries Part 3: Networks Defeat Networks

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In Part 2 of our Sanctions Miniseries, Andréas Hobbelin, Head of Anti-Money Laundering & Financial Crime Prevention at ZTL Payment Solutions, guides us beyond sanctions lists by sharing the importance of ownership and control in relation to sanctions. Without complete and accurate data, subsidiary networks are more difficult to detect, and mistakes become more likely for vendors and practitioners. This conversation highlights ways organizations can take a proactive approach to mitigating sanctions risk.

Sanctions Miniseries Part 2: Going Beyond the Lists

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Russia’s invasion of Ukraine has had a profound impact on the compliance, KYC, and supply chain industries as governments around the world have issued sanctions at a rapid pace. In this first installment of our Sanctions Miniseries, host Alex Pillow provides an overview of sanctions, the subsequent responsibilities organizations have for staying compliant – and the consequences for not.

Sanctions Miniseries Part 1: The Pen is Mightier than the Sword

Sanctions recently imposed against Russia are severely affecting operations, transactions, and services for businesses globally. You must understand these sanctions so that you can put effective compliance controls in place.

KYC
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April 19, 2022

How to comply with Australian sanctions against Russia

To comply with sanctions rules, you must consider ownership and control of your customers and business partners – including indirect ownership and control, which can be difficult to determine.

KYC
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April 12, 2022

Sanctions Compliance: understanding the role of indirect ownership and control

Attitudes towards AI in the KYC and AML space are often riddled with disillusionment. It begs the question, are there ways to unlock the potential of AI technologies in a more productive way when combatting financial crime?

KYC
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April 8, 2022

AI & Transparent Boxes

The Australian Senate looks to strengthen the country’s money laundering and terrorism financing laws by broadening their scope to cover many more organizations, including those in the real estate sector.

KYC
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April 5, 2022

The Tranche 2 Anti-money Laundering reforms in Australia

When it comes to analyzing the financial crime industry, are you overwhelmed by data points? The more pressing concern is likely how to gain deeper insight into data that lead to more valuable business decisions. In this episode, host Alex Pillow and Jamie Hutton, CTO of Quantexa, discuss how entity resolution can be a powerful tool on your journey toward more impactful and affective KYC.

KYC
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March 23, 2022

Entity Resolution + Data = ?

Sanctions screening is a critical part of an effective compliance program. But looking beyond current sanctions lists reveals related risks that firms must also manage.

KYC
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March 22, 2022

Sanctions Screening: go beyond the lists

The scale of the restrictions against Russia may present compliance challenges. Moody’s Analytics can help you assess and mitigate your exposure to sanctions. Our checklist provides steps you can take to comply with new sanctions.

KYC
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March 17, 2022

Sanctions Compliance Checklist

The recent Suisse Secrets data leak from the Organized Crime and Corruption Reporting Project (OCCRP) exposed unethical business dealings within the global banking system. These leaks are the tip of the iceberg when it comes to widespread misconduct in the financial system. These suspicious transactions fuel a vast range of illegal activities like tax evasion, money laundering, drug trafficking, and modern slavery. Host Alex Pillow and Hugo Veazey, explore flaws embedded in the foundation of legal and banking systems around the globe and their devastating consequences. Listen along as they discuss the power organizations have to shift this dangerous and immoral paradigm by making systematic compliance changes to their tools, training, and accountability standards.

KYC
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March 16, 2022

Bonus Episode: Suisse Secrets Reaction

Ultimate beneficial ownership of a company is not as straightforward as it seems. This opaqueness begets a system where business structures are created legally, and yet are also the preferred vehicle for furthering financial crime like money laundering, human trafficking, and migrant smuggling. Follow along as host Alex Pillow dives deeper into the topic of UBOs with highly esteemed author and investigative journalist, Oliver Bullough, and Moody's Analytics Financial Crime Industry Practice Lead, Ted Datta.

KYC
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March 3, 2022

UBOs and Why They Matter

While unequivocally wrong, the global practice of modern slavery is yet to be completely eradicated. Host Alex Pillow is joined by Professor Zoe Trodd, Executive Director of Rights Lab, and Jakob Hahn-Petersen, Moody's Analytics KYC Product Strategist, to discuss the magnitude of the problem and the role governments, organizations, individuals, and technology can play to fight against it.

KYC
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February 15, 2022

Modern Slavery and How to Fight It

Keith Berry, General Manager of Moody’s KYC business unit, and Justyna Gudzowska, Director of Illicit Finance Policy at The Sentry share their thoughts on the demand for data and insights to help organizations better understand who they’re dong business with.

KYC
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February 9, 2022

Moody’s Analytics and The Sentry collaborate to drive greater transparency on criminal activities in business

This white paper covers the latest thinking on beneficial ownership, power and control. Find out how beneficial ownership can differ from ‘control’, how recent changes in regulations are affecting due diligence and how company ownership data can help you protect your company.

KYC
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January 27, 2022

Who are you really doing business with?

Culture, geopolitics, and media reporting all create challenges for name matching, even when software performs the matches. In the first of Moody’s Analytics KYC Anthrolinguistic Insights series, we show how GRID data and Review screening work against the background of these broader trends.

KYC
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January 25, 2022

That's not my name: challenges in KYC name matching

For companies operating in the global marketplace, especially those with large and diverse supply chains, the risk of inadvertently being involved with or implicated in modern slavery might be far greater than you realize.

KYC
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January 18, 2022

Six crucial facts you need to know about modern slavery

A brief overview of a combination of global changes transform the data ingested into our GRID database, therefore changing modern slavery-related alerts to our customers.

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January 7, 2022

Drivers of risk trends in modern slavery and human trafficking

It’s important for all companies in the financial sphere to understand AML KYC compliance solutions. But what do AML and KYC stand for, why are they important, and how do we use AML KYC compliance solutions to protect the world’s financial systems?

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December 15, 2021

What's the difference between KYC and AML

Moody’s Analytics KYC and compliance capabilities are expanding, delivering innovation and efficiencies to customers.

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December 3, 2021

Roadmap to next-generation KYC

Organizations are increasingly fighting modern slavery in supply chains, thanks to a decade of regulatory momentum. But how can you eliminate parties connected to modern slavery from your network?

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December 1, 2021

Modern slavery: how to root it out of the supply chain

The Situation Modern slavery is a worldwide, profit-motivated problem that enslaves people from all walks of life and generates billions in illicit funds each year.

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November 12, 2021

Modern Slavery: A Financial Crime, A Global Humanitarian Crisis

The Pandora Papers have ignited a powerful response that has been felt around the world since their publication on 3 October 2021. Governments and the global financial community are reading the Papers with interest, looking for insights and intelligence.

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October 11, 2021

Pandora's box is open

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A recent surge of new modern slavery regulations has pushed financial institutions to update their compliance structure with an eye toward both legal obligations and risk management. Modern slavery screening is now about more than reputational risk.

Modern slavery: beyond reputational risk

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In the financial regulation industry, PEP stands for politically exposed person. It’s crucial for financial institutions to adhere to financial PEP regulations to prevent money laundering and terrorism financing. Read on to learn what a PEP is, how to screen for PEPs, and who qualifies as a PEP in anti-money laundering and combating the financing of terrorism.

What is a PEP?

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A 1970s law with current day ramifications. Learn about how BSA/AML compliance protects your organization

BSA AML Compliance

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In this paper, you’ll find answers to many of the questions currently being posed by compliance professionals and some additional context looking at the procedural but also the practical implications.

Put more PEP in your step

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The paper urges us to look beyond sanctions lists to find a growing number of connected and emerging risks.

Sanctions screening: Navigating today’s connected risk

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As of January 2019 we've performed one trillion screens for financial, FinTech and Fortune 500 clients. Here we share the lessons learned along the way.

12 Lessons from one trillion screens

One widely quoted estimate by the International Monetary Fund places the aggregate size of money laundering in the world at between two and five percent of global GDP1. And while the illicit nature of money laundering means no precise statistics are available, it is fair to say that bad actors have traditionally had the upper hand.

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July 1, 2021

Organized crimed disorganized compliance

Customer due diligence, or CDD, is the process of verifying customers’ identities and assessing their financial situations to understand their potential risk of involvement with financing crimes. The customer due diligence rule, also known as the CDD Final Rule, declared that a comprehensive set of risk-based customer due diligence policies are a pillar of a strong BSA/AML compliance program. Anti money laundering customer due diligence is one of the first roadblocks to financial crimes.

KYC
DECODED

June 1, 2021

Customer due diligence explained