Author: Matt Van Buskirk, Co-CEO and CoFounder, Hummingbird
Learn how technology can benefit AML compliance pros in their fight against
financial crime in this article from the PaymentsJournal:
Cryptocurrencies are a haven for fraud, money laundering, and all sorts of
criminal activity —this has been a truism since the first days that
cryptocurrencies became a topic of conversation in regulatory circles. This
perceived risk carried through to compliance functions in banks across the
Filing SARs Doesn’t Have to Hurt! RegTech Can Automate Tedious Tasks, Reduce
Costs, and Maybe Even Help Stop Crime
Slight possibility you could help identify a crime ring? Okay, that does make
regulatory compliance kind of exciting.
Filing out long, complicated forms? Ah, not so much.
We’ve been going fairly light in this series on explaining how Hummingbird’s
anti-money laundering RegTech tools can help, but Suspicious Activity Report
(SAR) filing has such a glaring need for automation that