High profile African forum to focus on UBO identification according to FATF requirements
To improve global trade in Africa and align with international regulatory and compliance standards, the African Export-Import Bank (Afreximbank), in partnership with the Inter-Governmental Action Group against Money Laundering in West Africa (GIABA), is hosting a high-profile compliance forum in Dakar, Senegal, from 4 to…
Hong Kong University posts 79 minute TBML-focused podcast
Hong Kong University (HKU) has posted a 79 minute interview with anti-money laundering (AML) specialist, Dr Mariola Marzouk, which has a clear focus on the nature and methods of combatting of trade-based money laundering (TBML). The interview – billed as an episode of HKU FinTech’s…
Surecomp partners with Cleareye to apply AI to TBML checking
Canadian fintech Surecomp, which specialises in global trade finance solutions for banks and corporates, has announced a strategic partnership with California-based artificial intelligence (AI) and machine learning (ML) platform, Cleareye.ai. The partnership recognises the challenges faced by banks engaged in complex and time-consuming cross border…
EU-funded programme to monitor illicit online environmental crime with AI and open-source intelligence
A new, three-year EU-funded programme will use artificial intelligence (AI) and cutting-edge digital analysis to produce new responses to environmental crime. Implemented by the Global Initiative Against Transnational Organised Crime (GI-TOC), Eco-Solve aims to provide law enforcement, policymakers, and local communities with invaluable information to…
Chartis publishes inaugural rankings for financial crime and compliance specialists
Chartis, which provides research and analysis of the global market for risktech and fintech, has published its first ever Financial Crime and Compliance 50 (FCC50) ranking and report that analyses vendors in this market. The methodology employed by Chartis includes looking specifically at how vendors…
Technology specialist and lawyers look at how AI can help combat TBML
A machine learning technology specialist and two lawyers at transatlantic law firm Womble Bond Dickinson have written an alert looking at the use of artificial intelligence (AI) to combat trade-based money laundering (TBML). It explores the historical difficulties detecting TBML, emphasises its magnitude, and delves…
Adani denies FT’s claims of inflated coal import prices
An extensive review of customs records by the Financial Times (FT) suggest India’s Adani Group appeared to import billions of dollars of coal at prices well above market value over a two-year period by using several intermediary invoicing agents in a layering exercise typical of trade-based…
J P Morgan’s invests in digital TBML and sanctions red flag platform Cleareye.ai
J P Morgan has made a strategic investment in California-based artificial intelligence and machine learning platform, Cleareye.ai, a financial technology firm focused on trade finance, the companies have announced. The firm’s ClearTrade Platform helps companies to identify trade-based money laundering (TBML) and sanctions red flags, automates manual…
J P Morgan’s digital TBML and sanctions red flag platform goes live says Cleareye.ai
California-based artificial intelligence (AI) and machine learning (ML) platform Cleareye.ai has announced that its strategic alliance with J P Morgan’s trade and working capital operations went live with the ClearTrade Compliance module in January. The module automates the identification of high-risk characteristics of transactions and helps…
Themis and Diligencia partnership to expand financial crime intelligence capabilities in the Middle East and Africa
Digital financial crime platform Themis has announced a new strategic partnership with UK-based Diligencia, which provides corporate intelligence and due diligence solutions in the Middle East and Africa. Themis, which operates out of the UK and the UAE, uses advanced artificial intelligence (AI) and machine…
