The FinCrime Expert Blog

Russo-Ukrainian War: Transforming sanctions compliance today and tomorrow

We are pleased to share an insightful blog on Sanctions by Chrisol Corriea of Facctum. In his blog Chrisol Corriea dives into the topic of ‘Russo-Ukrainian War: Transforming sanctions compliance today and tomorrow’.

Google launches ‘Anti Money Laundering AI’ after successful HSBC trial

Google claims the new tools are far more efficient than traditional rules-based approaches at detecting money laundering at scale.

Google Cloud recently announced the launch of its “Anti Money Laundering AI” (AMLAI) service after a successful trial with London-based financial services group HSBC.

AMLAI uses machine learning to create risk profiles, monitor transactions and analyze data. Per a blog post from Google Cloud:

Director of Madurai-based firm, 2 others booked for financia ..

CHENNAI : The economic offences wing of the criminal investigation department (EOW-CID) busted another financial fraud similar to the Aarudhrascam.

A case has been registered against Veera Sakthi, director of Madurai-based firm Neomax, and two others from the firm which promised up to 30% interest on invested money, every month to its investors.

According ti police, Neomax and its four subsidiaries had advertised that they would be buying land parcels in and around madurai, selling them as residential plots and later depositing the money in the accounts of investors.