In order to protect the financial system from abuse, measures to comply with national and international embargo regulations are required. Filter software systems and their rule sets are of great importance there. However, these must be analyzed regularly to guarantee optimal hit quality.
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
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