Moody’s Talks: KYC Decoded

Terrorism is not a static threat—it's evolving in complexity and reach, demanding new ways of thinking and acting to counter it. Staying ahead means knowing what to look for and equipping the intelligence and security community with the insights needed to act decisively in an unpredictable world. In this third installment of the All-Source miniseries, we're bringing together two leading voices on counterterrorism: Russ Travers, Retired Senior Intelligence Executive and National Security Official, and Jason Lee, Industry Practice Lead at Moody's. Together, they'll help us dig into some of the most pressing questions shaping today's global security environment: How has terrorism evolved over the decades, and what does this reveal about the future of global security?  What distinguishes foreign terrorism from domestic terrorism, and how do these differences shape the way we approach prevention and response? Should drug trafficking organizations be classified as terrorist groups? Where do terrorist groups operate in less obvious spaces, and what can uncovering these hidden networks teach us about their strategies and vulnerabilities? In an age of overwhelming data, how can intelligence agencies separate actionable insights from noise to stay one step ahead of emerging threats? What advanced tools and capabilities should counterintelligence teams possess to effectively dismantle complex, adaptive networks of terrorism? For further information, check out the resources below:  War on the RocksTerrorism 360°To learn more about Moody's please visit our website or get in touch we would love to hear from you. 

In a world increasingly defined by rapid information flow, interconnected risks, and complex decision-making, intelligence analysis has never been more critical—or challenging. In this second installment of our All Source miniseries, we are joined by Lieutenant General Guy Swan, U.S. Army (Retired) and President of Swan and Associates, LLC and Jason Lee, Industry Practice Lead at Moody's who explore how the skills and insights gained from leveraging intelligence in military decision making can be applied to private sector initiatives. Their discussion answers questions like: How can leaders prioritize decisions and address bias when dealing with overwhelming amounts data?What can the military and private sector teach each other about decision-making?How can Open Source Intelligence (OSINT) be leveraged in military and financial contexts?What strategies help organizations manage exponential and interconnected risks to ensure their plans are resilient to real-world challenges?How can AI and technology improve intelligence analysis while maintaining human judgment?Why do cultural differences and diversity of thought matter in intelligence analysis?For further information, check out the resources below: Department of Defense OSINT StrategyDepartment of Homeland Security websiteTo learn more about Moody's please visit our website or get in touch; we would love to hear from you. 

Could your company be the next target for corporate espionage, where trade secrets and competitive advantages hang in the balance? As corporate spies evolve their methods to outpace defenses, the risks have never been greater.  In this gripping first episode of our All Source series, we're joined by Michael Orlando, Senior Director of Global Security at Micron Technology, and Jason Lee, Industry Practice Lead at Moody's, for an eye-opening exploration of the covert world of corporate espionage. Together, they peel back the layers of this hidden threats, diving into critical questions like: Why is corporate espionage a growing risk in today's interconnected world? What signals might indicate your organization is being targeted? What drives bad actors to exploit companies, and how are their methods becoming more sophisticated? How are tools like OSINT (Open Source Intelligence) being used to investigate and combat espionage? How are governments and regulators tackling this issue?How will emerging technologies like AI reshape the future of corporate intelligence and defense? If you're interested in learning more, check out the resources below: Federal Bureau of InvestigationThe National Counterintelligence and Security CenterU.S. Department of Defense Cybersecurity and Infrastructure Security AgencyTo learn more about Moody's please visit our website or get in touch; we would love to hear from you. 

Would you rather spend money recovering from a fraud-related attack or building an anti-fraud strategy? Organizations who become victims of fraud often find themselves paying enormous sums of money, managing severe reputational damage, and navigating uncertainties on how to better prepare for the future.In this episode of KYC Decoded we welcome Chen Zamir, fraud strategy advisor and founder of the consultancy Native[risk].  Chen shares his deep expertise on the topic of fraud with host Alex Pillow, covering ideas like:Transforming fraud strategy towards an organization's growth engineHow to discuss anti-fraud return on investmentAnti-fraud performance indicatorsHow senior executives can better engage with their fraud teamsWhat anti-fraud vendors should considerTo learn more from Chen, subscribe to his weekly newsletter, The Saturday Fraud Strategist.Find out how you can transform risk management across your organization with Moody's Maxsight™ unified risk platform and feel free to get in touch; we would love to hear from you.

Australia recently passed an amended anti-money laundering and counter-terrorism financing (AML/CTF) bill that will soon include Tranche 2 entities in its regulatory regime. The result? Approximately 100,000 new entities under its scope. Regulating non-financial entities is not a new undertaking, as we've seen in countries like the UK, Singapore, and United Arab Emirates. Crucial to the success of the regime and overall client experience will be how Australian firms adopt the best practices shown by firms in other parts of the world, while ensuring they account for the nuances of their domestic market.In this episode of KYC Decoded, risk advisory lawyer, Jeremy Moller, from Norton Rose Fulbright and Qing Liu, Moody's Senior Director of Compliance & Third Party Risk in Australia, sit down with host Alex Pillow to discuss what the anticipated changes mean for Tranche 2 obliged entities and the future of compliance in Australia.Key topics:Introduction of the Tranche 2 regulationsChallenges and opportunities for firms implementing the reformsInternational comparisons of similar regimes, and opportunities for harmonizing regulationsAdditional resources:Register for Moody's in-person Sydney event on April 3 – the event features a blend of plenary and breakout sessions led by industry peers and Moody's financial crime practice lead.Law Council of Australia: AML/CTF Guidance and Vulnerabilities AnalysisLaw Society of New South Wales AML/CTF HubInformation on AUSTRAC's AML/CTF ReformNorton Rose Fulbright's Tranche 2 and AML/CTF Reforms HubVisit our website and get in touch to learn more – we would love to hear from you.

We find ourselves 3 years out from the Russia/Ukraine war, and the sanctions climate continues to evolve. From changing global politicians to sanctions regulations and enforcements to evasion tactics, it is imperative compliance professionals stay alive to risks, and the consequences of not doing so.  In this episode of KYC Decoded, we are pleased to welcome Moody's Industry Practice Lead, Hera Smith, an expert on sanctions and AML. In this brief, informative conversation with host, Alex Pillow, Hera walks us through how sanctions have changed in the past year, the current sanctions ecosystem, and what to look for in 2025. They explore:Why sanctions are such a commonly used geopolitical tacticHow changing political leaders globally can impact sanctions across jurisdictionsThe financial risks of not adhering to sanctions complianceScalable, automated understanding of current export controlsHow corporations and banks have adjusted staffing to keep up with the regulationsWhere organizations should start when beefing up their sanctions risk teamsIf you would like to find out more, please check out the following resources:A new frontier in sanctions awareness and compliance whitepaperAre you ready for reporting on outgoing transfers involving Russian entities?Sanctions crisis management: preparing for potential changeWe also welcome you to visit our website or get in touch to discuss sanctions; we would love to hear from you. 

An exponential growth in data has coincided with the era of exponential risk - what does this mean for anti-financial crime and risk professionals? With ever increasing amounts of unstructured data and information at their fingertips, how can professional investigators implement sophisticated open-source intelligence (OSINT) investigations to make informed decisions?In this episode of KYC Decoded, we welcome the CEO of Blackdot Solutions and former forensic investigator, Stuart Clarke. Stuart breaks down what is needed for high-functioning OSINT investigations in an enlightening conversation with host, Alex Pillow. Together they explore questions like:How do we extract real insights from unstructured data?What is the methodology for running an investigation?How can leaders deploy the right balance of data, technology, and human investigators, when conducting OSINT investigations?What makes OSINT investigations difficult for practitioners  in the private sector vs public sector?What is the impact of advanced OSINT?How much of an OSINT investigation can (and should) be automated?What are the legal and ethical guardrails around the use of open source data?If you are keen to learn more, check out the resources below:Blackdot Solutions, The OSINT handbookMoody's Maxsight™ InvestigationsPlease also visit our website and get in touch; we would love to hear from you.

Imagine a world where the bulk of your workday is dedicated to gaining a deep understanding of financial criminal behavior and forecasting future transgressions - rather than being spent on monotonous research hunting for risk signals down rabbit holes. Could generative AI help make this vision a reality?In this episode of KYC Decoded, Moody's own Chief Product Officer, Nick Reed, sits down with host, Alex Pillow, to candidly discuss the possibility of addressing integrated risk at scale leveraging AI. Highlights of their conversation include:Democratizing data access and team interactionHow AI agents can help transform traditional workflowsThe foundational need for Master Data ManagementThe potential opportunities for practitioners who embrace a new way of thinkingIf this episode leaves you eager to discover more about new unified risk management possibilities, register for our upcoming webinar "How unified risk management is decoding risk and unlocking opportunity," which will also be available on-demand. We encourage you to visit Moody's Maxsight™ and please get in touch. We would love to hear from you.

Human trafficking is one of the most terrible crimes imaginable. And, yet, the magnitude of it is so overwhelming that it can feel nearly impossible to tackle. But, what if there was a way to flip this problem on its head? Could we learn from technologists who use feedback loops to build information systems and apply this same way of thinking to a new challenge? In this KYC Decoded episode, we are honored to give the mic to Researcher and Assistant Professor of Information Systems at University of North Texas, Laurie Giddens. Partnering with Jodie Brinkerhoff, VP of Innovation at the third busiest airport in the world, the Dallas Fort Worth International Airport, Laurie was able to gather valuable, firsthand data and insights to better understand the existing challenges when combating human trafficking. Her enlightening conversation with host, Alex Pillow, explores probing questions like:How do data and technology change the possibilities for how we tackle human trafficking?Within the prevention, detection, and disruption paradigm, where should innovation focus first?What data points should we look at when building new technologies and what kinds of unstructured data should be considered?What stakeholders should be included to collect data and work through possible solutions?Similarities between the data challenges of AML and transaction monitoring with this part of the risk ecosystem, and how they could learn from each otherHow could feedback loops help fight human trafficking more effectively?If you would like to continue this learning, please check out the resources below:National Academies, Developing an Airport Program to Address Human Trafficking: A GuideLaurie's Google Scholar pageInformation Systems Journal, Information technology as a resource to counter domestic sex trafficking in the United StatesMoody's The Infinite Game docuseriesTo learn how you can better equip your organization to fight human trafficking, please visit our website and get in touch. We would love to hear from you.

The cat and mouse game of criminals vs. regulators and compliance teams can feel intense, and the stakes are high. With advanced AI and deep learning technologies like deepfake, fraudulent activity is easier, cheaper, and more sophisticated than ever before. However, the same advancement in tools and technologies is exactly what's needed to fight back, and even get ahead.In this episode of KYC Decoded, we are happy to share the mic with deepfake experts David Thomas, Head of Product - Global Documents & Biometrics at GBG, and Paul Warren-Tape, Head of Risk and Compliance at IDVerse. Their gripping conversation with host Alex Pillow explores questions like:What are deepfakes and how are they created?What are the far-reaching consequences of using deepfake technologies for nefarious activity, and who are the victims?How do we know what to trust when we can't rely on our eyes and ears alone?What controls and technologies are needed in the identification space?Who is leading the way in getting ahead of fraudsters?How can we use powerful technology ethically and responsibly?Please listen to the episode wherever you get your podcasts, and if you are curious to learn more, check out the recommended resources below:Coded Bias documentaryGartner report: Emerging Tech: Combating Deepfakes, Deception and Disinformation in Multimedia ContentIDVerse report: The Truth About Identity and InclusionThe Social Dilemma documentaryGBG resources and insights libraryNational Institute for Science and Technology (NIST) Cybersecurity FrameworkIf you would like to chat with Moody's about mitigating financial crime risk in your organization, please visit our website and get in touch. We would love to hear from you. 

This episode includes accounts of physical, mental, and sexual abuse, stemming from modern slavery and human trafficking. These topics may be distressing for some individuals. Listener discretion is advised.In the making of "The Infinite Game," Moody's docuseries, a wealth of expert interviews were conducted, however due to the time constraints and narrative of the piece some interviews were regrettably cut during the final edit. Justine Carter's illuminating interview on combating human trafficking and modern slavery was one of these, but we're delighted to now bring it the KYC Decoded audience as a special episode where listeners can learn from Justine's solo narrative that offers a deep dive into the entwined realities of human trafficking, financial crime, and their impacts. Key topics she discusses include:  The current state and scope of modern slavery laws and regulations  An overview of the various forms of human exploitation  The significance of supply chain oversight and ethical business practices  Sharing the harrowing experiences faced by victims of modern slavery  The need for unified efforts across industries to effectively address this issue  The role of technological innovations in combating modern slavery  Check out these additional resources:    Visit Unseen UK's website   Watch The Infinite Game Docuseries  To discover how Moody's can assist your organization in understanding and monitoring risks linked to modern slavery, forced labor, and human trafficking, visit our website or get in touch. We would love to hear from you. 

You may be familiar with yacht owners being sanctioned, but what of the potential risks tied to the yachts themselves? Burmese teak wood, commonly found in marine vessels, is known for its exceptional quality, natural water resistance, and premium price tag. Unfortunately, that price tag is not nearly as steep as the potential consequences of supporting the illegal timber trade.In this episode of KYC Decoded, we're honored to welcome Kate Klikis, forest campaigner and Myanmar timber expert from the Environmental Investigation Agency (EIA). In an enlightening conversation with host, Alex Pillow, Kate educates us on the illegal timber trade and its greater implications. Key topics include:The differences between legal and illegal timber tradingThe illegal timber trade in MyanmarGlobal regulations to combat the illegal timber tradeIndustries most vulnerable to risks associated with illegal timber tradingThe integrated risks involved with illegal deforestation, sanctions, money laundering, bribery and corruption, counterfeiting, and moreIf you would like to learn more, check out the recommended resources shared during this episode below:The Croatian Connection ExposedEIA forest reportsActs of Defiance: How US traders are ignoring sanctions to import conflict teak from MyanmarEIA YouTube channelEIA LinkedInEIA InstagramEIA FacebookEIA ThreadsTo take the next step in your risk and compliance program, please visit our website and get in touch. We would love to hear from you.

Let's get into the evolving world of fraud on KYC Decoded, where the complexity and sophistication of fraud now poses new and daunting challenges for professionals and organizations alike. This episode draws on invaluable insights from the Cifas Fraudscape report, brought to life by guest, Stephen Dalton, Director of Intelligence at Cifas. Together with our host, Alex Pillow, they analyze the most concerning fraud trends, uncover the advanced tactics of fraudsters, and emphasize the importance of data in defending against threats.  Key topics in this episode include:  The factors leading to the rise in reported fraud cases and strategies to combat this upward trend The sophistication of modern scams and the impact on targeted industries Fraudulent activities committed by lone individuals versus organized crime groups  How AI is leveraged by both fraudsters and compliance professionals  The essential measures to detecting and disrupting fraud  To learn how Moody's compliance and third-party risk management can help your organization with fraud prevention, please visit our website or get in touch; we'd love to hear from you. 

The positioning of “traditional” KYC against new and emerging methodologies creates opportunities to assess the most effective processes and technologies used to prevent financial crime. It raises the question: What transformative actions and AI implementations are needed to revolutionize a KYC framework, ensuring the industry is prepared for future advancement? In this episode of KYC Decoded, Hanjo Seibert, managing director and partner at Boston Consulting Group, and global lead for Compliance and Anti-Financial Crime (AFC) Technology Transformation joins our host Alex Pillow. Their insightful dialogue provides fresh viewpoints on questions such as: Are traditional KYC/AML methods sufficient to address the challenges professionals face today?How can rules-based and data-driven approaches combine to increase efficiency?How should professionals approach problem-solving: by prioritizing data first or by putting compliance considerations first?How can financial institutions ensure personnel are trained to effectively use new technologies against fraudsters who are also innovating rapidly?Will we continue to see multiple vendors providing diverse solutions, or is there a trend towards consolidating services into one-stop shops?To find out more about the topics discussed in this episode - check out these resources: Watch Hanjo's Ted Talk: What you can do to stop economic crimeListen to the BCG on Compliance podcast: Apple, Spotify, AmazonRead Moody's blog post: 8 best financial crime booksAnd if you would like to see how Moody's compliance and third-party risk management can help with your approach to KYC, please visit our website or get in touch; we'd love to hear from you. 

Disclaimer: Please note in the introduction to this episode it is mentioned that Russia further invaded Ukraine in 2020 rather than the correct year of 2022.In this episode of KYC Decoded, we dive into Article 5r which mandates European banks report any money transfers exceeding 100,000 euros leaving the EU, targeting entities with more than 40% Russian ownership. Join Moody's Industry Practice Lead, Nicola Passariello, and host Alex Pillow as they unravel the complexities of financial surveillance under Article 5r of EU Reg. 833. Learn more about the implications this directive has for the financial sector and navigating complex ownership structures to meet new deadlines.  Highlights include: An introduction and explanation of Article 5r of EU Reg. 833Reporting requirements for financial institutionsChallenges in identifying direct and indirect ownershipImportance of having a full KYC programCommon pitfalls and guidance for practitionersFor additional resources mentioned in this episode, visit: The Banker articleMoody's article 5r blogFor more information visit our website and get in touch with one of our experts – we'd love to hear from you.

From social media account information to password creation to IP addresses, the digital footprint we create grows larger every time we go online – and it is virtually impossible to avoid.  At the same time, sophisticated criminals can capture this wealth of Personally Identifiable Information (PII) and create synthetic identities to commit crimes like fraud, money laundering, illegal weapons dealing, and more.Although scary, the first thing we can do to combat this criminal behavior is learn about it. So, we are excited to share the mic with Constella's experts, Jason Wagner, Vice President of Identity & Digital Intelligence, and Dan Mathews, Director of Worldwide Sales Engineering.You do not want to miss this incredibly engaging and knowledgeable conversation with host, Alex Pillow, asking hard-hitting questions like:What is a synthetic identity?What threats do synthetic identities pose to the financial sector at large?How are criminals stealing data?What populations and kinds of businesses are most vulnerable to the risks associated with synthetic identities?What are “ghosts” in the context of synthetic identities, and how can they attack businesses?How is AI changing the landscape of creating synthetic identities?How can the risks created by synthetic identity fraud be mitigated?To learn more about topics discussed on this episode, check out the resources mentioned below:Constella blogConstella Intelligence LinkedIn accountConstella's 2024 Identity Breach ReportIf you want to be at the forefront of combatting financial crime in your organization, visit our website to see how we can help, and feel free to get in touch – we would love to hear from you.

In this episode, KYC Decoded welcomes Derek Vadala, Chief Risk Officer at BitSight, who shares his insights on the intricacies of cyber risk, technology risk, and digital risk with host Alex Pillow. They explore the evolving nature of cyber threats, from financially motivated attacks to nation-state espionage, and discuss best practices for mitigating these risks through in depth defense strategies and ongoing monitoring. Derek emphasizes the criticality of a risk-based approach to supply chain due diligence and the importance of integrating cyber risk management into broader compliance frameworks.Key takeaways:Cyber risk encompasses adversarial activities, technology issues, and digital transformation challenges, each requiring distinct mitigation strategiesFinancially motivated cyber criminals and nation-state actors use different tactics but can blur lines, necessitating vigilant, multifaceted defensesEffective cyber defense relies on automation and layered security measures, beyond just user educationIntegrating cyber risk management with overall compliance and due diligence processes enhances organizational resilienceTo learn more about cyber related risk, please check out the resources below:Risky business podcastCyber Security Headlines podcastTo learn how you can mitigate cyber-related risk in your organization, visit our website  and feel free to get in touch - we would love to hear from you.

This episode introduces the Data and Technology for Compliance (DT4C) Alliance, an industry group comprising leading data and technology companies focused on enhancing financial crime prevention in the EU. Host Alex Pillow, along with Ted Datta from Moody's, and Gem Conn from Dow Jones Risk and Compliance, discuss the Alliance's goals, key initiatives, and the impact they have had so far, including the inclusion of high-quality data standards in AML regulations.They explore how the alliance works in practice, the balance between data privacy and AML effectiveness, and the broader implications for risk and compliance professionals. For more information or to get involved, listeners are encouraged to visit the DT4C website www.dt4calliance.eu, email the secretariat@dt4calliance.eu or reach out to the contributors on LinkedIn.

As digital assets continue to evolve and enrich investment portfolios, they simultaneously demand innovative anti-money laundering (AML) and compliance strategies to counteract potential exploitation by bad actors. There is a critical need for financial service firms to adapt to these changes, understanding the money laundering risks tied to crypto.  In this episode of KYC Decoded, we are joined by Liat Shetret, Director of Global Policy and Regulation at Elliptic, and Karmjeet Singh, Product Strategist at Moody's, who together unravel the pivotal role of Virtual Asset Service Providers (VASP) in navigating and addressing these emerging challenges in the digital economy. Key topics of their conversation include: The rapid evolution and developments of the VASP and cryptocurrency ecosystem in recent years The sophistication and complexities of criminal activity in the digital world Strategies to effectively manage the challenges posed by VASP How compliance officers balance dual roles of safeguarding against risk while facilitating organizational growth Predictions on future crypto market trends and their implications for risk and compliance professionals For additional resources: Read Elliptic's blogSign up for Elliptic's newsletterListen to KYC Decoded's Crypto Miniseries: Part 1, Part 2, Part 3To learn more about our VASP screening for your organization, please feel free to reach out – we would love to hear from you! 

Some of the most crucial actors in the world of regulatory compliance exist within the public sector. But, with so many private sector players gathering data and making risk-based decisions, how can the two groups bridge any divides to overcome increasingly sophisticated criminals?In this episode of KYC Decoded, host Alex Pillow is joined by public sector colleagues Linda Hamilton, Deputy Director of Organised Crime in Fraud Investigations Service at the HM Revenue & Customs (HMRC), and Kevin Newe, Illicit Finances Threat Lead from HMRC. Their engaging conversation provides unique perspectives on questions like:Why is there a need to invest more in preventing economic crime and money laundering?How can we strike a balance between a public-private sector feedback loop and preserving confidentiality?What do good public-private partnerships look like and are there opportunities for improvement?When combatting financial crime, where should the public sector take the lead and where the private sector?How should data and technology vendors be involved with their private sector partners and the public sector?What makes a good SAR and what can be said about software that automates writing them?To learn more about what was discussed in this episode, be sure to check out these additional resources:UK Financial Intelligence UnitFinancial Action Task Force risk trends and methodologiesFATF Annual Report 2020-2021National Economic Crime CentreAnd, if you'd like to see how Moody's Compliance and third-party risk management can help you with AML, please visit our website or get in touch; we'd love to hear from you.

As regulatory stakes grow higher, so does the need for reliable, comprehensive data when evaluating risk. Enter: the Moody's Entity Verification API. In a single source, this powerful tool layers curated data on over 525 million global companies along with real-time entity information from primary sources. Here to share more on the making of this tool and its value in a compliance program are Johanna Konrad, Moody's Compliance & third-party risk Managing Director of Product Management, and Jon Hanmer, Moody's Sales Senior Director. Joining host, Alex Pillow, they discussed:How direct customer feedback shaped what the Entity Verification API deliversHow the solution benefits stakeholders in different sectorsWhy strong entity verification lays the groundwork for a “golden record,” and why that mattersEnablement of practitioners to monitor entities in a perpetual KYC (pKYC) programFor more information about the Moody's Entity Verification API, visit our website. If you'd like to book a demo or learn more, please get in touch; we would love to hear from you!

The term “Entity Verification” can mean different things to different people. Perhaps it brings to mind beneficial ownership, identity checks, or third-party risk management. Regardless, Entity Verification is the bedrock for understanding who you are doing business with.We are pleased to welcome back guest, Paul Nola, Partner at Context Consulting, for this episode of Moody's Talks: KYC Decoded. Paul walks us through the findings of Moody's latest study on Entity Verification. In addition to sharing how the study was conducted and some of the results of the report, Paul and host, Alex Pillow, discuss common themes that emerged, such as:Why the time is now to be ramping up Entity Verification programsChallenges that can make Entity Verification difficult to implementThe downstream benefits of a strong Entity Verification foundationThe need for proper and robust data governanceHow AI is being used to make Entity Verification scale in a quick, reliable wayThe elusive ‘golden record' - a single view of a data entityYou can find more information about Entity Verification on our website, or check out the resource below: Who are you doing business with? A Moody's study into Entity VerificationIf you would like to learn more about Moody's Entity Verification data offerings, please get in touch – we would love to hear from you.

You may recognize him as Moody's Talks: KYC Decoded editor and producer, but, Mark Rundle, has a passion for storytelling that extends beyond podcasting. Mark is also a brilliant documentary filmmaker, and we are excited to have him join us behind the microphone in this week's episode, discussing his recent three-part documentary series, The Infinite Game. These 10-minute episodes provide a searing view into the world of corruption, money laundering, and, most importantly, the people who are affected by these crimes. Follow along for a behind-the-scenes look at:The inspiration for making this seriesThe creative process for structuring a compelling narrativeWhat he hopes viewers will take away from The Infinite GameBe sure to watch the series, or watch again if you have already seen it on our website or YouTube. And, to take another step forward, learn how Moody's can better equip you and your organization to combat financial crime. Get in touch – we would love to hear from you.

The art and science of screening in the KYC and AML world has certainly come a long way from the days of manually checking for names and organizations against a short list. Risk factors have evolved exponentially, increasing regulations have influenced risk appetites, and powerful technologies like Machine Learning (ML) and Generative AI (GenAI) have caught on like wildfire. In this episode of KYC Decoded, in-house experts Mike Xu, Data Strategy Director, and Victor Cotillon, Risk & Screening Product Strategist, provide valuable insights into the role of Machine Learning when screening. Highlights of their conversation with host, Alex Pillow, include:What screening means and why it is performed by KYC and AML practitionersThe concept of ‘fuzzy matching'How technologies help weed out false positives when name matchingPros and cons of integrating ML into an intelligent screening processKeep human's in the loop when using more sophisticated MLInterested in learning more? Check out the resources below mentioned in this episode:CourseraMoody's AI in Compliance resourcesIf you want to learn more about intelligent risk and compliance screening for your organization, please visit our website and feel free to reach out – we would love to hear from you!

Anti-financial crime (AFC) departments can get labeled as the team that says “no” - seen as preventing innovation from reaching customers. But, this line of thinking overlooks the immense value AFC teams can bring in the product development process. How can AML and compliance professionals break through the stereotype to become more influential partners in business growth?In this episode of KYC Decoded, AML professional Erika Postel, passionately shares her expertise when it comes to thriving at the intersection of business expansion, compliance, and customer experience. Her conversation with host, Alex Pillow, addresses questions such as:When should AML and compliance teams brought into a project?How to juggle multiple jurisdictions and/or multiple product launches simultaneously?How can teams proactively work with regulatory bodies?How can AML departments best support business expansion with ever increasing digitization?For more information, please check out the resources that were mentioned in the episode below:ACAMS websiteAmerican Bankers AssociationTo take the next step in transforming the compliance culture in your organization, visit our website and get in touch – we'd love to hear from you.

Fancy cars. Diamond-covered watches. Luxury vacations at 5-star resorts. These are some of the many high-ticket purchases money launderers might illegally make to disguise the origins of their wealth.So, what actions can be taken to fight this nefarious activity? How can businesses and consumers avoid complicity and prevent financial crime in the luxury goods' space?We are thrilled to welcome back esteemed guest and expert, Jessica Cath, Head of Financial Crime at Thistle Initiatives. Her dynamic and engaging conversation with host, Alex Pillow, dives into questions like:What constitutes a luxury good?What are the three stages of money laundering?What role do secondary markets play in luxury goods' money laundering?What risk-based measures can businesses take to protect their reputations and meet regulatory obligations?How can individual consumers make more responsible purchasing decisions to avoid unintentionally abetting financial criminal?If you are keen to learn more about luxury goods and AML, we encourage you to check out these additional resources:It's the luxuries that give it away. To fight corruption, follow the goods by Dr. Reza Tajaddini and Dr. Hassan F. GholipourBribery and Corruption: An Unholy Cocktail of Outsider and Insider Threats | Royal United Services Institute (rusi.org)Art market participants guidance for money laundering supervision - GOV.UK (www.gov.uk)Money laundering supervision for high value dealers - GOV.UK (www.gov.uk)Understanding the Art Market and Anti-Money Laundering Regulations | Royal United Services Institute (rusi.org)And, if you can't get enough of Jessica, listen to the last KYC Decoded episode she joined us for - pKYC Miniseries: Part 3.To take your anti-money laundering practices a step further, please feel free to get in touch with the Moody's team – we'd love to hear from you.

Open finance, API banking, Payment Services Directive (PSD2)...the concept of open banking can be called many things. But how exactly is this technology changing the world for risk and compliance professionals today and what potential does it have to mold the profession going forward?Join us for another episode of KYC Decoded as we welcome Alessio Balduini, CEO and founder of Credit Data Research, and Francis Marinier, former banking compliance officer and now Moody's KYC Industry Practice Lead, who together unpack the topic of open banking and its implications for the financial industry. Key questions explored include:What is open banking and how long has it been around?What opportunities does open banking provide for risk and compliance professionals?What does adoption of open banking look like?Are there any potential risks associated with open banking?How might bad actors respond to the rise of open banking?If you would like more information on open banking, be sure to check out these resources:Open Banking Impact ReportOpen Banking Limited (OBL)Credit Data Research"Evolution of Open Finance: A Focus on the European and Italian Landscapes", International Banker"Open Finance ecosystem could end money laundering in sports betting in Brazil", Games Magazine BrazilVisit our website to learn how you can take your compliance program to the next level. Please feel free to reach out – we would love to hear from you.

What if your anti-financial crime program could build investigation models using sensitive data you may not have direct access to – in a totally compliant way? In this episode, we learn from Privacy Enhancing Technology (PET) expert, Michael Hughes, Chief Business Offer at Duality Technologies, about the potential PETs have to change the game of KYC.Follow along as Michael and host, Alex Pillow, discuss all things PETs, exploring topics like:The value PETs could bring to the world of AFCPrivacy rights of an individual vs. useful data for institutionsVarious PET use casesHow regulatory bodies feel about the rise of PETsIndustry sectors that have become early adopters of PETs (the answer may surprise you)For additional resources mentioned in this episode, check out the links below on Duality's website:Zero footprint investigationsCollaborative AIVisit our website to learn how Moody's Compliance and third-party risk management can take AFC in your organization to the next level, and please feel free to get in touch – we'd love to hear from you!

It is safe to say technology has done wonders when it comes to AML professionals tackling financial crime, but, on the flip side, it is important to understand how technology is being used by those committing the crimes.From video game online marketplaces to virtual currency mixers, how can we follow the money when tech is used to cover its tracks?In this episode of KYC Decoded, we welcome back esteemed guest, Geoff White, investigative journalist and author of the upcoming book, Rinsed: From Cartels to Crypto: How the Tech Industry Washes Money for the World's Deadliest Crooks.Get an inside look at some of the crimes that are featured in Rinsed, and listen as Geoff and host, Alex Pillow, explore questions like:How has the digitization of currency impacted the way criminals launder money?Is there a future where crypto can be crime-free?What role does social media play for bad actors?Should technology companies be held accountable for how money launderers use them?Rinsed is available for preorder and will be published on June 13, 2024. To take the AML and compliance programs in your organization to the next level, be sure to check out our website and get in touch – we'd love to hear from you.

Change is essential to survive and thrive in any enterprise. As we narrow in on the world of AML and KYC, the adaptation of sophisticated criminals is evident, so the question arises: what disruptions are needed to outsmart these bad actors? In this episode of KYC Decoded, Head of Strategy & Content at Sardine, Simon Taylor, lends us his astute and perceptive expertise as we explore this questions further. You won't want to miss this energetic and educational conversation with host, Alex Pillow. Their wide-ranging discussion covers topics like:The different areas of KYC and AML that have the greatest opportunities for disruptionThe role of advancing technologies and how they might be used in particular use casesHow change could impact industry professionalsIf you enjoyed listening to this episode, be sure to check out the recommended resources mentioned in the show:Sardine.ai webinarsSardine.ai blogFollow Soups Ranjan on LinkedInIf you are a change-maker looking to disrupt the KYC and AML processes in your organization, be sure to visit our website and get in touch – we would love to hear from you. 

Russia's invasion of Ukraine in February 2022 set off a series of global sanctions enforcement actions. The United States Department of the Treasury's Office of Foreign Assets Control (OFAC) has meted out sanctions to curb Russia's defense procurement, energy weaponization, and international trade activity. To date, the EU has also imposed 12 sanctions packages on restrictive measures – with the 13th to be formally approved in February.In this episode, we speak with Dr. Andrea Viski, founder and director of the Strategic Trade Research Institute and editor-in-chief of the Strategic Trade Review, on how the global sanctions environment has changed since the invasion, and where the biggest risks in sanctions-related financial crime lie.This conversation covers topics including:The impact of sanctions packages on Russia's economy – where the sanctions have been effective in disconnecting Russia from global trade and economic activityHow the global sanctions environment has changed since the invasionNew challenges KYC and AML professionals now face, and how they can mitigate sanctions-related risksThe latest sanctions evasion trends and red flagsFor additional resources mentioned in this episode, visit:WorldECRStrategic Trade ReviewIf you want to better detect sanctions-related risk in your organization, visit our website, read our latest whitepaper on sanctions, and get in touch with one of our experts – we'd love to hear from you.

The creation of the AMLA, the authority on money laundering in the European Union, is imminently upon us. And the critical question compliance professionals are wondering is: where will it live? Choosing an EU city to be the representative of 26 different cultures most certainly has needed careful thought and planning. The official location choice is set to be announced February 22, 2024, in the meantime we check in with Francis Marinier, Moody's Analytics Financial Crime and Compliance Industry Practice Lead, to discuss his predictions.Follow along to hear more about:What the AMLA is and why it was formedWhy cities would want to be home to the AMLAWhat the European Parliament must consider when selecting a locationPros and cons of potential host cities such as Frankfurt, Madrid, Paris, and DublinFor more information, visit the AML Intelligence website, where you can also check back in on February 22 for the final decision. To find out how Moody's Analytics AML solutions can help your organization, please visit our website and get in touch.

Much has changed since we last visited the US Corporate Transparency Act (CTA) in March of 2023 on KYC Decoded. Now that FinCEN has officially rolled out its beneficial ownership database, what is the lay of the land for risk and compliance professionals? In this episode, we welcome back Jim Richards, former BSA officer, author, speaker, and CEO of RegTech Consulting to share his thoughts on where we are now, where there is room for improvement, and just how useful this database will be when combatting financial crime.Key highlights of this educational discussion include:Jim's time testifying before US congress in June of 2023The current limitations around access to the databaseThe types of organizations that are exempt from the databaseThe level of threat the database poses – or doesn't pose – to financial criminals in both the short term and longer termSuggestions on how FinCEN should move forwardIf you would like to find out more about the work Jim Richards does or the CTA, please check out our recommended resources:Jim Richards's personal blogFinCEN Beneficial Ownership InformationMoody's content on Ultimate Beneficial OwnershipIf you are looking for deeper insight into who you are doing business with, learn more on our website and feel free to get in touch.

There are plenty of shell companies formed for legitimate reasons. However, as recently uncovered in a major case in Singapore where 3 billion SGD of assets were frozen, shell companies can also be used for more nefarious purposes. This risk is not always easy to spot, especially when relying on manual, time-invasive processes.In this episode KYC Decoded, host Alex Pillow welcomes Moody's Analytics Product Manager, Kate Weymouth, and Head of the Financial Crime Practice Group for APAC and the Middle East, Choon Hong Chua.Their dynamic and educational conversation around shell companies and their risks includes:Legitimate reasons for shell companies vs. illegitimate reasonsThe seven primary indicators of shell company riskA deeper look into the recent Singapore shell company scamHow Moody's Shell Company Indicator automates traditionally manual and time consuming processes with powerful dataFor additional resources mentioned in this conversation, be sure to check out:FATF paper ‘Best Practices on Beneficial Ownership for Legal Persons'FATF paper, ‘Concealment of Beneficial Ownership'Monetary Authority of Singapore (MAS), ‘Effective Practices to Detect and Mitigate the Risk from Misuse of Legal Persons'‘Risky business? The seven indicators of shell company risk' data visualizationSeven indicators of shell company risk blogIf you would like to know more about how Shell Company Indicator can better identify shell company risk in your organization, please visit our website and feel free to get in touch. We would love to hear from you.

Every year, on January 11, the US recognizes National Human Trafficking Awareness Day. Human trafficking – currently a $150 billion industry – continues to be a pervasive threat around the globe, with criminals profiting from the enslavement of other people. This brings us to the obvious question: what can anti-financial crime and risk professionals do to make this world a safer place and help put an end to this abhorrent practice?In this episode, we delve into this pressing issue with experts: Christopher Kemp, Director of Enterprise Operations at the Anti-Human Trafficking Intelligence Initiative; Chris Bagnall, Solutions Director at Quantexa; and Karim Rajwani, Head of Product at Sigma360. Their conversation sheds an important light on dealing with this crime, focusing on:The primary forms of human traffickingThe staggering scale of the problemStrategies and solutions to stop itThe role of data and technology in empowering professionals to dismantle trafficking networksImmediate, actionable steps we can implement to make a differenceTo learn more about this important topic, we encourage you to explore these additional resources:Webinar, ‘Breaking Chains with AI: Advanced Detection of Sexual Exploitation and Human Trafficking Networks'ACAMS Article of the Year, ‘Understanding Human Trafficking'ACAMS Back to the BasicsACAMS Fighting Modern Slavery and Human Trafficking courseBlog, ‘Decision Intelligence is the Key To Stopping Modern Slavery And Human Trafficking'The National Action Plan to Combat Human Trafficking (NAP)Wear Blue Day campaignPolaris websiteUN Office on Drugs and Crime Human Trafficking websiteStop the Traffik website US Department of State Understanding Human Trafficking fact sheetFreedom United websiteINTERPOL websiteGovernment of Canada Operational AlertGovernment of Canada Updated IndicatorsWeProtect Project ShadowFind other ways your organization can help combat human trafficking - visit our website - and please feel free to get in touch; we would love to hear from you.

"Fighting financial crime" has long been a rallying cry within the AML profession, but could this way of thinking actually be doing us all a disservice? While an admirable goal for any compliance risk management program, it may actually be too limiting and overlook how the BSA Officer/MLRO role can also drive business strategy and growth.In this episode of KYC Decoded, host Alex Pillow welcomes Vic Maculaitis, 3-time board-appointed BSA officer and founder of i3strategies, a consultancy that works to modernize the financial crime risk and compliance ecosystem. This provocative and candid conversation explores:The primary responsibility of a BSA officerOutcomes over checkboxesCompensation for compliance officersHow generative AI plays into the future of the industryFor resources discussed during this episode, be sure to check out:The LinkedIn post that inspired this conversationPerspective, by i3strategiesIf you'd like to level up your compliance program, visit our website and reach out for more information. We'd love to hear from you.

Our KYC origin series has traced the journeys of our diverse acquisitions, each of which has grown into a vital part of our KYC ecosystem.But how have these distinct entities been integrated to operate as one?In the grand finale of our KYC origin series, host Alex Pillow engages with Keith Berry, the KYC General Manager at Moody's Analytics. They explore the expansion of the KYC unit, examining its evolution to become an industry-leading solution provider that has transformed risk and compliance.They cover:The rationale for KYC and its inceptionThe challenge of aligning to one mission and visionThe ‘secret sauce' of Moody's Analytics KYCTransformational changes advancing the businessThe role of AI and machine learning in our product suiteThe future for KYCVisit our website for more information on KYC and compliance!

With information on more than 472+ million entities worldwide, Orbis has become the most powerful comparable data resource on private companies. But the question isn't what happened, it's HOW?In this episode of our KYC origin series, host Alex Pillow is joined by Bureau van Dijk and and Orbis veterans, Jon Hanmer and Ted Datta who discuss the evolution of this industry-defining database and how it became an indispensable tool for understanding the global corporate landscape.Highlights from this episode include:The journey and growth of Bureau van Dijk the businessAnswering the "so what?" through the integration of data and insightDrivers stimulating the huge growth in Orbis for KYC and compliance use casesThe importance of UBO to Orbis customersInfusing Orbis into the Moody's Analytics familyThe future of Orbis for KYC within Moody and it's impact on tools such as Shell Company Indicator and Entity Verification APIListen along and learn more about how Orbis can help you effectively manage risks and make better KYC decisions on our website.

In November 2022, the European Court of Justice (ECJ) sparked a seismic shift in the regulatory landscape with its ruling that the public should not have access to beneficial ownership registries.Join us as we delve into the ripple effects of this ruling with our guests, Maíra Martini, research and policy expert on corrupt money flows at Transparency International, and Andres Knobel, lawyer and senior researcher at the Tax Justice Network, along with host, Alex Pillow.This conversation sheds light on:Why the ruling may have came aboutThe impacts the decision had on financial crime fighters and the bad actors they pursueHow companies and KYC professionals can navigate through this new realityFor recommended resources that accompany this episode, check out:Roadmap to Effective Beneficial Ownership Transparency (REBOT)The state of play of beneficial ownership registration in 2022Reforming Global Standards on Beneficial Ownership Transparency campaign pageVisit out our website for more information on UBOs, and do not hesitate to get in touch – we'd love to hear from you.

We've all heard rumblings about the potential bias-related risks AI can bring when models aren't properly trained or governed with plentiful, high-quality data. But, how many of us have paused to consider flipping this paradigm? Could our own bias on the subject of AI cause us to overlook how consciously-infused AI technologies could remove dangerous biases from our KYC and AML processes?In this thought-provoking conversation, host Alex Pillow discusses the topic with AI and ethics expert, Anna Nicolis, senior manager at Braithwate, who specializes in helping global institutions with risk and compliance challenges.Highlights of this episode include:A look at what the word “bias” really meansThe root causes of bias in society and within AI technologiesWhere AI has potential to help eliminate bias in the compliance lifecycleThe role humans and data play in governing AI modelsFor a deeper dive into what was discussed, check out some of these recommended resources:Association for Financial Markets in Europe (AFME) report, Artificial Intelligence: Challenges and Opportunities for ComplianceInformation on the upcoming EU AI ActFuture of Life InstituteResearch conducted by Moody's Analytics on the attitudes, adoption, and use cases for AI in the world of risk management and compliance

The rapid evolution and adoption of AI technologies raises questions about how it's perceived and used by professionals working in compliance and risk management.In this episode, we explore the findings from a fascinating original global study, conducted by Moody's Analytics, that uncovers how compliance and risk management professionals see the role of AI in all its forms.Listen along as host, Alex Pillow, and Paul Nola, Partner at Context Consulting, dissect the findings and discuss the implications of those navigating the AI landscape in the world of risk and compliance.Highlights from the episode include: The origins of the studyThe importance of AI for compliance professionalSignificant and surprising findingsThe advantages and risks of using AI in complianceThe challenges of AI regulation.For additional information, register for our webinar: Navigating the AI landscape: insights from compliance and risk management leaders.If you're interested in building an AI-led compliance program, contact us to learn more about our intelligent screening solution. 

In a world of tight deadlines, diverse client needs, and ever-changing regulations across jurisdictions, law firms everywhere face countless challenges to stay compliant. That's why we are thrilled to be joined by Maire-Claire Le Houerou, Client Experience Director for Risk and Compliance at the software company Intapp, and Alex Young, Senior Principal Consultant at Intapp in this episode of KYC Decoded. Their deep expertise and vibrant energy on this topic make for a compelling conversation.Here's of what was explored in this episode:How are AML checks conducted when onboarding legal clients?Does generative AI have a role now and in the future to shape compliance programs in the legal industry?What qualities and best practices in a law firm's culture drive AML forward?What are some of the benefits of high-quality data management software?For additional resources discussed in this episode, be sure to check out:Bressler Risk BlogThe Law Society AML resourcesThe Panama Papers: Breaking the Story of How the Rich and Powerful Hide Their Money by Frederik Obermaier and Bastian ObermayerTo find out about Moody's Analytics' AML solutions for the legal sector, please go to our website.

Feeling stressed in the workplace is a shared experience for employees in many industries. And while it's normal for jobs to involve stress, concerns about employee burnout occur when stress is persistent and begins to affect the individual at a professional, personal, physical, and/or emotional level.In this episode of KYC Decoded, we focus on the factors that lead to burnout in the compliance profession.What is burnout?What leads to compliance employee burnout?What can leaders do to address the issue?Host Alex Pillow is joined by Lisa Beth Lentini Walker, former compliance officer and current assistant general counsel of Marqeta and CEO and founder of Lumen Worldwide Endeavors, and Jill DeWitt, current Industry Practice Lead at Moody's Analytics KYC. Their conversation raises awareness of this often overlooked problem in the compliance world.For additional resources, check out:Lisa Beth Lentini Walker's book, Raise Your Game, Not Your VoiceLisa Beth Lentini Walker's articles on wellbeing and stress relief in the workplace

Every business has a unique story to share about its life-journey. In this third installment of our KYC Origin series, host Alex Pillow is joined by Henry Irish, co-founder of Passfort; and Alex Richter, Head of Passfort. Their discussion explores the SaaS RegTech solution that changed the way anti-financial crime and compliance processes were automated.Listen to find out about:The inception of PassfortAdaptation of sophisticated, complex customer onboardingHow the service adds valueWhy Passfort's acquisition came aboutAchievements and opportunities for Passfort since acquisitionThe future of the platformVisit the Moody's Analytics KYC website for more information on how Passfort can help your business with customer onboarding and perpetual KYC.

Curious how the Moody's Analytics KYC solution originated? Don't miss the incorporation of Kompany into the Moody's family. The strategic acquisition of Kompany has proven a win-win opportunity. From a business concept sketched on a tennis ball (yes, a tennis ball) to real-time entity verification from government registers across the globe merged with powerful datasets.In this episode, host Alex Pillow is joined by Johanna Konrad, former COO of Kompany, now heading this line at Moody's Analytics KYC as Managing Director; and Peter Bainbridge-Clayton, co-founder and former CTO of Kompany, who is now Senior Director for software engineering in Moody's Analytics KYC. This important chapter in the Moody's Analytics journey highlights:The challenges of creating a scalable data solution when aggregating information from vastly differing jurisdictionsThe not-so-simple task of entity verificationBuilding a skilled team to tackle specialized needsThe added benefit of real-time data to keep up with rapidly evolving legislationDigitalizing onboarding processesHow the powerful integration of Kompany can continue to propel Moody's Analytics KYC solutions going forwardFollow along, and be sure to learn more about how Kompany can help you solve the challenges of anti-money laundering compliance and KYB on our website.

The story of how Moody's Analytics developed its KYC solution is one written by different authors. In our KYC Origins series, host Alex Pillow introduces different characters from strategic acquisitions to tell the tales of how their anti-financial crime and risk management businesses were founded, grew, and then joined the Moody's family. Chapter one: Grid. Rupert de Ruig, senior director at Moody's Analytics KYC, narrates the events that led to formation of an industry consortium, which evolved into a solution that changed the way risk screening is implemented globally.Settle in for a tale involving:The evolution of SaaSLearning what works (and crucially what doesn't)How adverse media screening can reduce the cost of fraudThe mission to reduce false positivesThe development of AI in screeningFinding a home at Moody'sListen in to this episode and look out for others in the KYC Origins series.

Perhaps it goes without saying that customers of financial institutions who are politically exposed persons (PEPs) come with varying degrees of risk. In addition to their elevated political status, which can make them attractive targets for bribery and corruption, there's also the subsequent institutional risk of reputational damage and fines from getting your dealings with PEPs wrong. Sometimes you might hear someone refer to needing some "PEP screening" as it if it's a simple process, but even the definition of what constitutes a PEP and the regulation surrounding it is far from one-size-fits-all.In this episode, we are very pleased to welcome PEP experts Colleen Dychdala, Head of PEP data and premium content for Moody's Analytics KYC, along with Eric Almbladh, who built the preeminent PEP database for the Nordic region - Bogard, which was acquired by Moody's in 2021. Their conversation with host, Alex Pillow, tackles the complexities of PEP risk management programs, including:The many nuances of what constitutes a PEP and its associated level of riskThe distinction between domestic and international PEPsHow the PEP landscape has evolvedWhere PEP risk mitigation programs go wrongHow PEP screening can scale beyond initial customer onboardingLooking for more information on PEPs? Check out these resources to further your knowledge:FATF PEP GuidanceEU AML DirectivesThe Wolfsberg Group Publication Statement Guidance on Politically Exposed Persons (PEPs)Moody's Analytics KYC PEP insight piecesReady to take your organization's PEP risk management program to the next level? Learn how our Grid database can help and get in touch; we'd love to help.

Reflecting on a time you were deceived, did you ever pause first to ask yourself the most rudimentary question: does this make sense? Overlooking this question can lead to bad outcomes for consumers, businesses, and society alike.The art of deception is nothing new, and neither are the subsequent feelings of humiliation and fear victims are left with.Fighting financial crime takes on different forms across various departments, but in this episode of KYC Decoded, we focus on fraud prevention. Joining host Alex Pillow are fraud experts, Greg Richardson, Senior Director of Global Sales at NeuroID, and Kyle Caldwell, Senior Vice President of Fraud Product Management at M&T Bank. Their conversation covers:The many different guises of fraudHow fraudsters steal informationThe impact fraud has on institutions, law enforcement, and practitionersThe critical relationship between highly intelligent fraud specialists, quality data, and advanced technology when fighting sophisticated criminal networksIf this episode left you hungry for more information on fraud, here are some additional resources:KYC Decoded episode, Book club: The Lazarus heistLuke Raven's LinkedIn post comparing fraud and anti-money launderingTech coalition websiteFrank on Fraud websiteInfamous Ghost Money YouTube channelOur blog, NRRP anti-fraud measures intensify across the EUAnd, if you are ready to take your fight against fraud another step further, please visit our website and get in touch. We would love to hear from you. 

As the desire to build an anti-financial crime network grows, the question arises: how can we get our hands on the most comprehensive and accurate data? When it comes to collaborative financial crime fighting and fraud prevention, the concept of data sharing may seem obvious on the surface. However, delicately balancing regulatory complexities and privacy concerns, can require shifting an entire compliance culture paradigm.In this episode of KYC Decoded, we are joined by experts Taavi Tamkivi, founder and CEO of regtech firm, Salv, and Sverker Tornhagen, Moody's Analytics KYC Financial Crimes Industry Practice Lead. Listen along to a thought-provoking conversation highlighting topics including:Risks vs. benefits of data sharingThe technology and infrastructure needed to support effective data sharingHow teams benefit from successful data sharingIf you want to take a more active approach to fighting financial crime in your organization, here are some helpful resources mentioned in the episode to help you get started:KYC Decoded episode, KYC Officer of the futureKYC Decoded episode, What's wrong with AML?Obstacle Is the Way: The Timeless Art of Turning Trials into Triumphby Ryan HolidayFinancial Action Task Force ‘Partnering in the Fight Against Financial Crime: Data Protection, Technology and Private Sector Information Sharing' reportRUSI Future of Financial Intelligence Sharing ‘Lessons in Private-Financial Information Sharing to Detect and Disrupt Crime' paperBasel Institute on GovernanceSALV blogTransactie Monitoring Nederland (TMNL)Monetary Authority of Singapore's COSMIC digital platformCifasLastly, be sure to check out our website and get in touch to learn more.

The recipe for a successful anti-money laundering program is seemingly simple on paper. But, in practice, getting the right ingredients is not so easy. Without efficiency, modern tools and technology, and a compliance-friendly culture, the final dish is likely to disappoint.In this episode, host Alex Pillow welcomes Carl Kemmerer, Senior Product Manager at NICE Actimize. Carl brings a wealth of experience, having spent twenty years as an AML practitioner in international banking. This dynamic and comprehensive conversation includes Carl's takes on how AML is going wrong today, including:Inconsistent methods of measuring risk across different banksThe gap between AML expertise and AI expertiseThe lack of holding bad actors accountable and bringing real incentives for those going above and beyondBusiness cultures not prioritizing compliance across all departmentsTo learn more, visit the NICE Actimize website.Curious about how to make AML changes in your organization? Check out our website, and feel free to get in touch – we're happy to help.

The ACAMS Hollywood 2023 conference was another success bringing industry professionals and practitioners together to discuss AML regulatory trends, emerging technologies, and more. In this episode, host Alex Pillow provides on-the-ground coverage capturing engaging conversations with Kieran Beer, Director of Editorial Content, Chief Analyst at ACAMS; Lukayn Hunsicker, Moody's Analytics KYC Head of New Product Innovation; Richard Graham, Moody's Analytics KYC Industry Practice Lead; Colleen Dychdala, Moody's Analytics KYC Head of Premium Content at Grid; and Modesto Rivero, Moody's Analytics KYC Senior Product Analyst. And, for the first time, Alex takes his turn in the hot seat as he shares his insights with host Jill DeWitt.Listen along for the inside scoop on conference topics, including:The growing role of sanctions in global affairsUpcoming regulations like the Corporate Transparency ActThe increasing importance of public-private partnerships in combatting financial crimeThe friction between data privacy and AML goalsChallenges compliance departments face todayTo learn how Moody's Analytics KYC can help take your AML and compliance programs to the next level, visit our website.