Adverse media screening is a critical part of any effective anti-money laundering (AML) program. It involves screening individuals and entities against negative news articles and other sources of potentially damaging information to identify potential risks and compliance issues.

What is Multilingual NLP? Multilingual NLP (Natural Language Processing) is a technology that incorporates linguistics, computer science, and artificial intelligence to process and analyse large amounts of natural human language in various contexts.

One thing that is for certain in 2022 is that globally we can expect to see further AML regulations, particularly in the crypto and digital financial market space. Last year, we saw a key shift in focus to digital financial markets, with the EU’s 6th Anti-Money Laundering Directive (6AMLD) now incorporating virtual asset service providers (VASPs).

An expert opinion piece from smartKYC CEO, Dermot Corrigan

Dispelling The Fog & Mystique Surrounding AI

smartKYC’s sophisticated federated search technology delivers KYC information to you at speed, with precision and in real time

smartKYC’s COO, Hugo Chamberlain, sat down with Computing.co.uk recently to discuss smartKYC winning ‘The Most Innovative Use of AI’ at the Computing Technology Product Awards. We won this award for our False Hit Filtering solution, which through the use of technology and AI, can complete a task that otherwise would have taken a team of 50 over a year’s worth of human labour in just 50 hours.

smartKYC is very proud to announce that we have won two awards:

It is now one month to go before the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) publishes regulations regarding mandatory beneficial ownership reporting requirements as required by the Corporate Transparency Act. Let’s look at how this compares with the EU’s experience with UBO registers and whether there are any lessons to be learned.

Earlier this month, Dermot Corrigan (CEO, smartKYC) and Hugo Chamberlain (COO, smartKYC) hosted a webinar in partnership with ACAMS. ACAMS is the largest global membership organization dedicated to fighting financial crime.

On 21 May this year, the FCA wrote an open letter to CEOs of the retail banking industry in the United Kingdom. The letter highlighted a range of shortcomings with regard to their financial crime systems and controls.

smartKYC, the world’s most advanced enterprise solution for KYC due diligence automation, has today announced the addition of the Hindi language and script to smartKYC’s multilingual Natural Language Processing technology. smartKYC’s technology now processes and analyses over 35 different languages in multiple writing systems including Latin, Chinese, Arabic and Devanagari.