Suspicious Activity?

Real-time Fraud Data Sharing Consortium SardineX Rebrands to Sonar, and Expands to 20 Members

Retrieved on: 
Tuesday, February 6, 2024
Legal, Software, Payments, Finance, Professional Services, Technology, Fintech, Security, Fraud, RTP, ACH, Risk, DDA, GLBA, FedNow, KYC, AML, Credit, Suspicious Activity?, Cryptocurrency

Since its launch last August, Sonar has grown to include 20 members, with an additional 30 entities currently engaged in due diligence and testing.

Key Points: 
  • Since its launch last August, Sonar has grown to include 20 members, with an additional 30 entities currently engaged in due diligence and testing.
  • First-party fraud: Enhances risk decisioning during account opening, account funding, and checkout with risk scores, reputation levels, and device and behavior signals.
  • Today, members are actively contributing towards new services to tackle emerging fraud and scam trends.
  • A comprehensive set of operating rules, including the protection of shared data, has been ratified by members to govern the utility's operations.

Euronet’s epay division launches Skylight®, a financial transaction monitoring platform that shines a light on illicit consumer behavior

Retrieved on: 
Wednesday, April 5, 2023
Suspicious Activity?, CTF, SAR, Microsoft, Software, Financial Crimes Enforcement Network, United States Department of the Treasury, Treasury, AML, ACAMS, Microsoft Azure, Azure, AWS, Conference, NOS, Automation, Medical device, Cryptocurrency, Risk management, Skylight, Euronet

Skylight frees compliance analysts from the time-consuming and resource-intensive compliance rules construction and refinement processes required by other solutions through a customizable and no-code compliance rules wizard.

Key Points: 
  • Skylight frees compliance analysts from the time-consuming and resource-intensive compliance rules construction and refinement processes required by other solutions through a customizable and no-code compliance rules wizard.
  • Compliance analysts need Skylight to address the ever-increasing volume and variety of transactions from consumers in the modern payments landscape.
  • While transaction monitoring is a primary focus for Skylight, it also offers a holistic approach to compliance program management and risk mitigation.
  • Initially available for transaction monitoring in the United States, Skylight’s monitoring capabilities will be expanded worldwide, offering global businesses the ability to monitor all transactions across borders with one platform.

ACAMS Unveils Risk-Assessment Software Solution Module for Money Services Businesses, Including Virtual Asset Service Providers

Retrieved on: 
Tuesday, October 11, 2022
CGSS, CAMS, Growth, FB MSBS Grot, AML, MSB, ESG, Risk, AFC, Certification, Suspicious Activity?, Software, GLOBE, ACAMS, Risk assessment, COVID-19, Leadership, Cryptocurrency, Risk management, Audit

MIAMI, Oct. 11, 2022 (GLOBE NEWSWIRE) -- As part of its efforts to strengthen anti-money laundering (AML) programs around the world, ACAMS has launched a new module of its ACAMS Risk Assessment software-as-a-service solution for money services businesses (MSBs), including those offering virtual-asset products and services.

Key Points: 
  • MIAMI, Oct. 11, 2022 (GLOBE NEWSWIRE) -- As part of its efforts to strengthen anti-money laundering (AML) programs around the world, ACAMS has launched a new module of its ACAMS Risk Assessment software-as-a-service solution for money services businesses (MSBs), including those offering virtual-asset products and services.
  • Utilizing a risk-based approach, the software solution helps institutions to assess and measure their money-laundering risks across products, services, delivery channels, customer types, and geographies.
  • Compliance professionals may also use the software and new module to draft forward-looking action plans that can be submitted to internal and third-party auditors or regulatory examiners.
  • ACAMS is the largest international membership organization dedicated to providing opportunities foranti-financial crime (AFC) education, best practices, and peer-to-peer networking to AFC professionals globally.

Anti-Money Laundering Software Market Size to Reach USD 5.77 Billion in 2030 | Increasingly Stringent Government Regulations to Deploy AML Solutions is One of the Key Factors Driving Industry Demand, says Emergen Research

Retrieved on: 
Thursday, February 24, 2022
Cloud, Risk, SAS Institute, FINRA, Compliance, Government, PLC, Method, BAE Systems, Personal protective equipment, COVID-19, AML, Artificial intelligence, China Banking and Insurance Regulatory Commission, Tata Consultancy Services, Suspicious Activity?, Experian, SAR, Nature, Suspicious activity report, Financial Industry Regulatory Authority, Adoption, AUSTRAC, Internet of things, USD, Finance, IOT, Corruption, KYC, Australian Transaction Reports and Analysis Centre, CaseWare International, Lung compliance, FIS (company), Oracle Corporation, CAGR, Fraud, Solution, ACI Worldwide, CBIRC, SAS Institute Inc v World Programming Ltd, Software, Cryptocurrency

Increasing need to monitor and report suspicious activity to financial regulatory authorities is one of the major factors expected to drive market revenue growth.

Key Points: 
  • Increasing need to monitor and report suspicious activity to financial regulatory authorities is one of the major factors expected to drive market revenue growth.
  • However, high initial cost associated with deployment of AML solutions is a major factor expected to hamper revenue growth.
  • Increasingly stringent government regulations to deploy AML solutions is a key factor driving revenue growth of the market.
  • Emergen Research has segmented global Anti-Money Laundering (AML) software market on the basis of component, deployment type, application, end-use, and region:

Anti-Money Laundering Software Market Size to Reach USD 5.77 Billion in 2030 | Increasingly Stringent Government Regulations to Deploy AML Solutions is One of the Key Factors Driving Industry Demand, says Emergen Research

Retrieved on: 
Thursday, February 24, 2022
Cloud, Risk, SAS Institute, FINRA, Compliance, Government, PLC, Method, BAE Systems, Personal protective equipment, COVID-19, AML, Artificial intelligence, China Banking and Insurance Regulatory Commission, Tata Consultancy Services, Suspicious Activity?, Experian, SAR, Nature, Suspicious activity report, Financial Industry Regulatory Authority, Adoption, AUSTRAC, Internet of things, USD, Finance, IOT, Corruption, KYC, Australian Transaction Reports and Analysis Centre, CaseWare International, Lung compliance, FIS (company), Oracle Corporation, CAGR, Fraud, Solution, ACI Worldwide, CBIRC, SAS Institute Inc v World Programming Ltd, Software, Cryptocurrency

Increasing need to monitor and report suspicious activity to financial regulatory authorities is one of the major factors expected to drive market revenue growth.

Key Points: 
  • Increasing need to monitor and report suspicious activity to financial regulatory authorities is one of the major factors expected to drive market revenue growth.
  • However, high initial cost associated with deployment of AML solutions is a major factor expected to hamper revenue growth.
  • Increasingly stringent government regulations to deploy AML solutions is a key factor driving revenue growth of the market.
  • Emergen Research has segmented global Anti-Money Laundering (AML) software market on the basis of component, deployment type, application, end-use, and region: