Free Beneficial Ownership Mapping Tool

Posted by & filed under Beneficial Ownership, Research & Investigation.

Anyone who has spent time in a KYC group knows the challenges of trying to identify the beneficial owners of companies with complex structures.   Even when new clients are cooperative about providing ownership information during onboarding, there are many cases when there is just no simple way to understand the ownership structure without breaking… Read more »

Reviewing Negative News: Costs Are Worse Than Thought

Posted by & filed under Negative News.

Third in a series.  See part 1 and part 2. Current ways of reviewing negative news results are monotonous, frustrating, and harmful to AML compliance. Negative news is the best way to identify AML risk, yet reading piles of irrelevant results can zap the attention and spirit of every AML investigator. So, a troubling paradox… Read more »

Negative News Searching Isn’t Working (Part 2 of series)

Posted by & filed under AML General, Negative News.

Second in a series.  See part 1 here. Searching for negative news is among the most inefficient, inconsistent, and risky parts of AML. Whether new customer KYC, high-risk customer EDD, or suspicious activity investigations, negative news searching involves too many systems, too many manual steps, and too much likelihood something critical is missed. No wonder… Read more »