Latest news with #AMLCompliance
Zawya
21-05-2025
- Business
- Zawya
Mozn launches agentic AI for financial crime prevention
The latest additions to Mozn's Fraud Prevention and AML Compliance platform, FOCAL, deliver a specialized Agentic AI along with advanced Financial Crime Analytics capabilities to help institutions stay ahead of evolving fraud and AML compliance threats. UAE, Dubai – Mozn, a regional leader in enterprise AI technologies, has announced the addition of Agentic AI to its flagship FOCAL platform—at Seamless Middle East 2025 in Dubai. FOCAL's new Agentic AI leverages machine learning to streamline investigations, uncover hidden patterns, and deliver clear, explainable insights to accelerate decision-making. Mozn has also announced the addition of a new module, Financial Crime Analytics (FCA) to its FOCAL suite. FCA leverages AI and data science to connect with different sources of data from existing enterprise or financial crime prevention systems, consolidating insights into a single, intelligent view for streamlined financial crime detection and prevention. 'The launch of FOCAL's Agentic AI marks a bold step forward in our mission to outpace financial crime through innovation,' said Malik Alyousef, Co-founder and Chief Operating Officer at Mozn. 'Along with the introduction of FOCAL Financial Crime Analytics, institutions can now unify scattered data from across their financial crime systems into a single, intelligent view - enabling sharper insights, faster investigations, and smarter decisions. Combined, these new additions deliver AI-driven precision and real-time intelligence needed to stay ahead of evolving threats, strengthen compliance, and build lasting trust in the digital economy.' This continuous innovation is also being recognized across the industry. FOCAL's growing strength in AI-powered risk and compliance continues to gain industry-wide recognition. It was recently recognized as a Best-of-Breed solution by Chartis Research in Client Lifecycle Management (CLM) for wealth management, corporate and investment banking, a distinction that reinforces its leadership in financial crime prevention and compliance. In addition, FOCAL was also awarded Best AI Use in Regulatory Compliance by MEA Finance, honoring its real-time screening, AI-driven insights, and financial crime prevention capabilities, which redefine how institutions manage risk and meet regulatory obligations. For more information about Mozn's financial crime prevention solutions, visit Mozn | مزن About Mozn: Mozn is a Saudi technology company committed to advancing digital humanity through the harnessing of artificial intelligence to build enterprise AI-powered products – FOCAL, the end-to-end Fraud Prevention and AML Compliance platform and OSOS, the leading Arabic Gen AI platform – along with tailored AI solutions designed to meet the unique needs of enterprises across various sectors. Mozn maintains a significant presence, with offices in the Kingdom of Saudi Arabia (KSA) and the United Arab Emirates (UAE) that house over 300 dedicated professionals. Mozn is at the forefront of technological innovation, striving to redefine the limits of what is possible in the digital age.
Associated Press
08-05-2025
- Business
- Associated Press
AML Watcher Launches Flagship Event Series 'Watcher's Enclave' – Kicks Off in Dubai, Heads Next to Singapore
Singapore, May 8, 2025 -- AML Watcher, a leading AML compliance solution, proudly announces the successful launch of its flagship global event series, Watcher's Enclave, beginning with a powerful debut in Dubai on March 22. With the momentum from this groundbreaking gathering in the United Arab Emirates, AML Watcher is now bringing the conversation to Asia Pacific, with the next Watcher's Enclave scheduled to take place in Singapore on May 22, 2025. The next stops for Watcher's Enclave after MENA and APAC are Europe and North America. Watcher's Enclave is envisioned as a platform to connect and empower AML Compliance professionals worldwide. True to AML Watcher's mission of simplifying AML Compliance and helping organizations scale, the Enclave provides a much-needed space for compliance officers to voice their jurisdiction-specific AML Compliance challenges and network with like-minded people. ' Watcher's Enclave is about listening to real-world AML compliance challenges and building solutions in response that truly solve those challenges. We're creating a global platform for dialogue, innovation, and actionable change—Singapore is the next step in that mission,' said Oonagh Van Den Berg, Director of Advisory & Growth at AML Watcher. With global AML regulations and sanctions regimes becoming increasingly complex and fragmented, compliance teams are under growing pressure to navigate a labyrinth of conflicting rules, often with limited resources. The Watcher's Enclave aims to bridge the widening gap between one-size-fits-all technology solutions and the nuanced, on-the-ground challenges AML professionals face in different parts of the world. This initiative fosters a collaborative and inclusive environment where compliance experts can share insights into how their AML programs evolve in response to macroeconomic shifts, emerging financial crime typologies, region-specific legal reforms, and whether their existing AML Data and transaction screening solutions are sufficient. From discussing the tightening sanctions regimes to evolving regulatory frameworks in crypto and fintech, the Enclave fosters conversations that bring these pressing realities to the forefront. Being a disruptor, AML Watcher is revolutionizing AML and sanction screening by setting the foundations right. This means integrating the screening data in line with the AML regulatory requirements for each jurisdiction and helping businesses comply with the risk appetite set in their specific AML Compliance programs. The result: a more innovative, more context-aware RegTech solution that evolves in lockstep with the regulatory environments it serves. This enables organizations not only to remain compliant but to redirect energy and resources toward innovation and sustainable growth. Rather than retrofitting generic compliance tools to local realities, AML Watcher is committed to building solutions with the people who use them, ground up, adaptive, and fit for purpose. The upcoming Watcher's Enclave in Singapore promises to continue this mission, offering a platform for discussion, innovation, and meaningful progress in the AML space. Contact Info: Name: Oonagh Van Den Berg Email: Send Email Organization: AML Watcher Website: Release ID: 89159519 Should you identify any discrepancies, concerns, or inaccuracies in the content provided in this press release or require assistance with a press release takedown, we strongly urge you to notify us promptly by contacting [email protected] (it is important to note that this email is the authorized channel for such matters, sending multiple emails to multiple addresses does not necessarily help expedite your request). Our responsive team is committed to addressing your concerns within 8 hours by taking necessary actions to resolve identified issues diligently or guiding you through the necessary steps for removal. Our dedication lies in providing accurate and reliable information.
