Napier Blog

Satchel, a Lithuanian-based electronic money institution, is the latest to deploy Napier’s scalable AI-enhanced technology as the firm targets further international growth.

We explain what Modern Slavery and Human Trafficking (MSHT) is, its relationship to money laundering, and examine the strategies law enforcement deploy against perpetrators.

This week, a Saudi Arabian money laundering gang gets serious jail time, a Venezuelan diplomatic envoy is to face money laundering charges, and a New Zealand firm copped a big fine for AML breaches.

Dr Janet Bastiman gave a talk for IBF Singapore on the need for and the history of explainability in AI, she also did some mythbusting and discussed what regulators have to say about explainability.

Criminals partaking in illegal wildlife trading seek to launder the proceeds of their illicit activities, harming our planet and committing financial crime - here’s the rundown.

This week’s roundup covers the raid of Germany’s financial intelligence unit, the latest in the Crown casinos money laundering saga, and Manchester’s new super-sized courtroom.

Napier will be at Money20/20 this year - pop in and meet us.

We’re pleased to announce that Napier has successfully completed the SOC2 Type 2 audit as the culmination of many months’ work with external auditors.

This week amid the military evacuation chaos of Afghanstian, UK’s watchdog warned banks to be vigilant against potential money-laundering risks related to concerns of rising terrorism, FATF slapped Japan’s wrist for AML weaknesses; and it emerges that nearly 30% of Brazil gold exports are illegal.

Read our 7 most important takeaways from the latest FATF report on new technologies for AML and CFT.

We cover the latest in Binance, financial crime in football, a former Malaysian sports minister in the dock for money laundering, and a US Olympian charged with cryptocurrency fraud.

What are the top 5 things to look for in a transaction screening system and why is each important to the screening process as part of a robust AML system?

Regulation Asia hosted a webinar in which Dr Janet Bastiman and her fellow panellists discuss the use of data analytics, AI, and machine learning for AML/CFT; the challenges to adoption, and how to build an AI/machine learning roadmap.

This week we cover Ukraine’s AML operations in the crypto sector, Hong Kong upping the ante against wildlife trafficking, and Australia’s State regulators clamping down on the casino industry.

Discover the Napier screening solution in the final blog of our series on sanctions screening, including how it works to cut false positives by more than 90%.

BCB Group will be using Napier’s Transaction Screening and Transaction Monitoring tools to flag any suspicious activity as it happens, and to support their ongoing commitment to leading the way with anti-money laundering compliance in the UK crypto market.

Trump Organisation’s purchase of Scottish golf courses now open to probing alongside other financial crime news stories in Napier's weekly news roundup.

Read a summary of the main points covered by LexisNexis' 2020 report on the global cost of compliance, and discover what its findings mean for the future of the AML industry.

Payment transfer specialist OnePip will be using Napier’s technology as part of new anti-money laundering (AML) controls and to comply with Monetary Authority of Singapore (MAS) regulations.

The latest chapter in our blog series on sanctions screening, where we outline best practices for approaching the sanctions screening process.

DOJ says Florida resident engaged in scam with Venezuelan officials and other global financial crime stories are covered in this week's Napier news roundup.

In July, we spoke to Luke Raven: Senior Manager, AML Advisory and SME Financial Crime at Westpac about financial crime regulation in Australia.

Napier head of APAC Robin Lee spoke about the need for a holistic approach to AML compliance, what the future of AML looks like, and what effective use of technology looks like.

In the third part of a blog series on sanctions screening, we explain why legacy sanctions screening systems cause false positives and how technology can help avoid sanctions violations.

UK cops scrap online fraud reporting service after call centre staff called victims “morons”, Mexican drug cartels use fishermen to traffic cocaine, and PayPal joins fight against financing of extremism via its platform in USA.