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.
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.
Equality and Diversity Report 2019
Guardian Analytics recently announced our 2019 Equality and Diversity Report. At Guardian Analytics, we believe that in addition to fighting Financial Crime, our business is to make the world a more just and equitable place.
BEC is Getting More Sophisticated, Machine Learning to Detect BEC Fraud is Imperative Now
A weaponized ML model can only be fought with ML and behavioral analytics on both transactional and non-transactional data. As a pioneer in Machine Learning and Behavioral Analytics for Fraud Detection, Guardian Analytics continuously enhances its multi-channel fraud detection model algorithms to fight conventional and weaponized ML fraud schemes.
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.
Build Brute-Force Attacks Prevention into Your Daily Fraud Operations Workflow with Guardian Analytics
Want to learn more about how to protect your digital banking accounts from Brute-Force Attacks? Learn how Guardian Analytics can help.
Protecting Digital Banking Accounts from Brute-Force Attacks
Brute-force attacks on a financial institution’s digital banking’s infrastructure can impact a significant number of customers and damage a financial institution’s reputation. Guardian Analytics can help.
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.
Using Machine Learning to Combat Digital Banking Fraud Part 2
Machine Learning Finds the Proverbial Needle in the Haystack
Machine learning is what enables these behavioral analytics to work in the […]
Using Machine Learning to Combat Digital Banking Fraud Part 1
One of the many ways that Guardian Analytics machine learning helps financial institutions combat fraud is by monitoring digital banking activity.