Banks have several tools to prevent and detect money laundering. But the prowess and motivation of money launderers, the number of methods they use, the volume of alerts, changing behavior patterns and high compliance costs often thwart efforts to stop it.
What are the key issues in AML investigation?
Substantial alert volumes with 98% of investigations leading to dead ends
Inconsistent investigative procedures from analyst to analyst
Regulatory exposure from gaps in parameter settings
Sophisticated criminals consistently changing tactics to thwart investigations
Expensive operational costs make the investigations complicated and difficult to execute
Employment of consultants to reduce alert backlog when volumes increase due to widespread behavior change
Meet our AML Thought Leaders
With 20+ years’ experience in RegTech focused on AML, KYC and regulatory data, I am leading Nasdaq’s expansion of its globally-recognized trade surveillance into complementary areas. As the General Managers for Mantas in EMEA and Asia, I was instrumental in the sale of Mantas to Oracle and was also instrumental in enabling the sale of C6 Intelligence to Acuris as the C6 Intelligence CEO. I spent 5 years at Barclays responsible for training and development of new regulated sales people, and prior to thisspent 9 years in the British army, primarily focused on counter-terrorism activities.RegTech Product Innovation, Nasdaq
I am the Founder and CEO of Caspian. From a background in neuroscience research, I have 15+ years’ experience in developing technology based expert performance systems to augment human decision-making in the military, pharmaceutical and finance sectors. I lead the Caspian vision to develop expert investigative technologies that can explain complex decisions in the fight against financial crime.CEO, Caspian Learn more about Caspian
We explored the AML market extensively to identify suitable growth opportunities as it’s an area that we feel is ripe for innovation through technology.Head of Strategy, Buy & Sell-side Solutions, Market Technology, Nasdaq Learn more about Nasdaq's RegTech Strategy
AML Monitoring in a Covid 19 World
Nasdaq Ventures Invests in Automated Financial Crime Investigations Firm Caspian
Investment bolsters Nasdaq Ventures portfolio of tech innovators; Caspian to expand AML offerings in partnership with Nasdaq
Caspian’s proven solution solves a huge pain point in the industry, dramatically increasing analyst productivity and resulting in meaningful cost-savings for bank compliance teams.
One feature that is critical to the financial industry is detecting, mitigating and managing fraudulent and criminal behavior.Senior Vice President, Head of Nasdaq Ventures Read the press release