AML Archives - Guardian Analytics

How to Detect and Report Marijuana/Cannabis-Related Businesses

By some estimates, the cannabis business will be $80 billion by 2022. From 2013 (the Cole memo) until 2018, the federal government was tacitly supportive of some banking activity for cannabis businesses. To date, no financial institutions have been sanctioned for marijuana/cannabis-related banking. The more time passes without enforcement actions while states continue to “legalize” medical or recreational uses, the more politically and regulatorily unpalatable strict enforcement becomes. It is important for financial institutions to have proper detection and reporting of marijuana/cannabis-related businesses whether the financial institution chooses to bank or not bank marijuana/cannabis business.

By Guardian Analytics Financial Crimes Team|2020-07-03T12:36:52+00:00November 18th, 2019|AML, Blog, Compliance/Regulations|Comments Off

The Cost of AML Compliance

The cost of AML compliance at financial institutions is rising at an enormous rate year over year and even today little is done to alleviate the pain. With such rising AML cost, AML managers and AML investigators need to be more efficient. Designed from the ground up, Guardian Analytics AML Evidence Lake™ empowers AML investigators to improve investigation efficiencies and AML managers to save time overseeing the Smart Rules, KYC Forms, and SAR/CTR Filings.

By Guardian Analytics Fraud Team|2020-07-03T12:37:07+00:00October 31st, 2019|AML, Blog, Compliance/Regulations|Comments Off

Identify, Uncover, and Prevent Micro-structuring

Micro-structuring is a structuring scheme that is difficult for traditional AML rule-based systems to detect. Guardian Analytics AML solutions brings powerful new capabilities to detect and aid in the investigation of these complex money laundering schemes. Guardian Analytics AML solutions provides configurable KYC forms to prevent micro-structuring at the start, region-specific micro-structuring detection through flexible Smart Rules, and a Multi-channel Graph Link Analysis to detect the hidden relationship and movement of funds.

By Guardian Analytics Fraud Team|2020-06-16T20:34:00+00:00August 1st, 2019|AML, Anomaly Detection, Criminal Attack Strategies, Modeling, New Threats|0 Comments

Streamlining AML Risk Scoring and Investigations for Customer Onboarding

Guardian Analytics Evidence Lake CDD is the solution organizations need to enhance their new customer onboarding process and gain the speed and flexibility they need to effectively and efficiently comply with AML regulations and guidance.

By Guardian Analytics Financial Crimes Team|2020-06-16T20:45:21+00:00May 15th, 2019|AML, Business benefits, Compliance/Regulations, KYC, Regulatory Issues|0 Comments