Monthly Archives: July 2018

Fifth Anti-Money Laundering Directive: What Does It Mean for You?

Susanne Hofrichter/ July 30, 2018/ Uncategorized

The EU’s Fifth Anti-Money Laundering Directive is finally here. Published in the Official Journal on June 19 of this year, the new directive became binding on 9 July. The aim? To tighten the screws on terrorist financing and drive up transparency in financial transactions. No small task for those firms affected and yet another compliance hurdle to overcome. And the

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Data Analytics in Compliance: Using Cluster Analysis for Customer Segmentation

Matthias Dennig/ July 30, 2018/ Uncategorized

False positives: A harsh truth Alongside a string of compliance developments in recent years, companies still have the same old issues to deal with. False positives are one such serial offender. To avoid missing any critical hits, compliance systems tend to strike early, triggering false alarms. Weeding out these false-positive results can take up a substantial chunk of a compliance

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Compliance International: Transliteration

Matthias Dennig/ July 30, 2018/ Uncategorized

From typo to terrorist financing? Applied linguistics in compliance When the EU imposed sanctions on the Gaddafi regime in early 2011, no one could have foreseen the ensuing problems for compliance. A lack of clear standards for the spelling of Arabic names in Roman script gave rise to dozens of variations of the Libyan leader’s name. From Muammar Qaddafi and

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