Embracing “entity intelligence" in financial crime management is necessary in today's complex political and regulatory landscape.
Tedious, manual, siloed processes with limited functionality are not just outdated but incredibly costly. They generate thousands of false positives and overextend compliance teams. The risk can be massive, like the $9.2 million fine a bank received for failing to meet compliance requirements.
Fortunately, there is a better way - by incorporating entity intelligence into their compliance programs, experts can stay ahead of the curve and effectively combat money laundering activities in a more targeted and efficient manner, increasing profitability by reducing false positives and identifying true problem areas.
In this free eBook, learn about:
- Entity screening and monitoring,
- Challenges and vulnerabilities with traditional approaches,
- Incorporating entity-based risk assessment into your compliance program,
- Benefits to an entity approach in AML monitoring,
- and more!
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Experience how FraudNet can help you reduce fraud, stay compliant, and protect your business and bottom line
