Accelerate your AML compliance.
Criminals have weaponized AI/Machine learning to breach conventional AML detection tools. As such financial institutions, casinos, or money service businesses should not look at financial crime from a solely regulatory perspective. With the rise of quicker payments and more sophisticated money laundering schemes, there are sizable challenges in detecting and preventing money laundering targeted at their customers and themselves. In addition, the current ever-changing environment is creating the need for the addition of more rules and the need to change thresholds of old rules. The conflicting part is every institution have specific rules and thresholds that applies to them but not to others. Therefore, is it a manual process to both add new rules and changes thresholds which often include contacting the vendor to do it. This whole process is tedious and costly. With Xceed AML Evidence Lake™ , this issue is addressed.