Financial institutions in today's global business landscape
are under mounting pressure to follow anti-money laundering (AML) rules
precisely. As money laundering tactics are in constant evolution and
transaction patterns are increasingly complicated, compliance teams are
hard-pressed to spot and block illegal actions of fining groups. Although
difficult, there are numerous ways of combating these illegal financial flows.
At the same time, the fintech company of Effiya Technologies
specializes in the division of the turbulent and complex field. It monitors
transactions and screens for sanctions which are the two main parts of an AML
strategy that needs to be efficient to be compliant.
Both through concise articles and practical application of
ideas, our group, at Effiya, has explained through years of habituation the way
complex problems can be handled in an easily comprehensible way. Furthermore,
we will cover the best way to establish a monitoring system that simultaneously
works under the guidelines of authorities and decreases false positives
occurrences. Asides this, we are introducing the advanced technologies that
include the use of AI-based algorithms to enhance your sanctions screening
process and reduce the cost of compliance.
Come along with us as we talk about various topics like
reporting and action detection systems, practical problems in financial
institutions while implementing these systems, some real-world applications of
the new approaches that were used in different industries - everything prepared
in order to support you in strengthening your AML measures in the company.
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