Following the leak of the FinCEN Files in September 2020, the banking sector faces renewed scrutiny as to the role banks play in facilitating financial crime, and in particular money laundering. It is more important now than ever before for banks to be able to access wide sources of information on entities they deal with, as well as any connected persons or entities, so that risks can be properly identified and handled.

In terms of AML compliance, FATF guidance emphasises a risk-based approach. This requires banks to be able to evaluate the varying risk levels of different customers and determine which controls are necessary for each relevant risk profile.

RiskScreen is able to offer solutions that facilitate frictionless internal data economies in which data held on customers can be used to maximum effect in the management of financial crime risk. Our technologies can help you to achieve compliance with money laundering and financial crime regulations efficiently.