Sanctions Screening What is Sanctions Screening?Sanctions are the measures taken by a country towards another country, a regime, or a coalition due to violation of international law. On the other hand, sanction screening is software that provides help to financial institutions in terms of identifying and detecting financial crimes. The Sanction Screening list includes people, [...]

Transaction Monitoring AML Compliance Transaction Monitoring is a software that helps financial institutions monitor customer’s account transactions constantly.What does Transaction Monitoring do? Transaction Monitoring fights financial crimes such as money laundering in financial institutions. Transaction monitoring software helps companies comply with AML / CFT regulations by monitoring client accounts to report suspicious transactions.What are transaction monitoring [...]

Financial Crime Regulations Financial Crime RegulationsFinancial Crime, which has increased with globalization, shows that no economic problem remains within the country's borders. Despite, the qualitative and quantitative changes in financial crime regulations as a result of developing technology with globalization, there has been a significant increase in the anti-financial crime revenues provided by these tools. [...]

What is Adverse Media Screening (AMS)? Adverse media screening (AMS), which is also called media monitoring or negative news screening, is basically the process of comparison or screening of a possible customer against the negative information or data sources in media. Adverse media screening (AMS) is an essential part of Customer Due Diligence (CDD) and [...]

What is Enhanced Due Diligence (EDD)? Enhanced Due Diligence (EDD) is a risk-sensitive form of Customer Due Diligence (CDD). Enhanced Due Diligence (EDD) is applied to the higher-risk customers and requires more detailed information about the customer in addition to the basic Customer Due Diligence (CDD) requirements. High-risk customer means that those who are associated [...]

Name Screening and Blacklist Filtering in AML Compliance What is Name Screening in banking?Name screening in the banking industry refers to a risk assessment method used for checking if the potential or existing customers have any relation to risky financial activities or are listed in the sanction and blacklists. Name screening is an important step [...]

Anti-Money Laundering Program AML (Anti-Money Laundering) is a platform and the database-independent solution developed to analyze and report suspicious financial transactions. In the fight against money laundering and combatting terrorism financing, Anti-Money Laundering AML program is a safe, cost-effective solution with its supporting structure of national and international standards and rules.The Anti-Money Laundering program is [...]

Machine Learning (ML) in Anti-Money Laundering (AML) The crime of money laundering is one of the most important threats to the financial industry, therefore financial institutions equip themselves with technologically powerful and intelligent analytical tools to combat money laundering. Machine learning is one of the most effective ways in financial institutions’ anti-money laundering (AML) efforts. [...]

Global PEP and Sanction Lists Politically Exposed Persons (PEPs)A politically exposed person (PEP) is an individual with a prominent public function posing high-risk in terms of vulnerability to corruption. PEPs hold important positions and influence in the society therefore, they are prone to be abused for the purposes of criminal activity such as money laundering, [...]

Risk Management and Anti-Money Laundering Compliance For the past decades, the integration effects of globalization with the financial payments systems have brought financial crimes such as fraud, tax evasion and money laundering to the international context. Lack of advanced measures for AML/CTF in undeveloped parts of the world are more vulnerable to such financial crimes.Currently, [...]