Latest news with #AMLWatcher
Associated Press
2 days ago
- Business
- Associated Press
AML Watcher Announces the 360° Compliance Virtual Summit 2025 – The Largest Compliance Event of the Year
Dover, Delaware, United States, August 11, 2025 -- AML Watcher today announced the 360° Compliance Virtual Summit 2025, a groundbreaking three-day global event bringing together 12 leading companies, around 20 renowned industry experts, and thousands of compliance professionals from across the globe. Scheduled for September 8–10, 2025, the summit will deliver cutting-edge strategies and real-world insights into AML, KYC, KYB, and Fraud Prevention - addressing the toughest compliance challenges facing the financial sector today. Over the course of three days, attendees will gain access to live interactive sessions, real-time solution showcases, and hands-on workshops covering everything from data quality and AI integration to emerging risks like deepfakes and continuous monitoring. Designed to move the industry from 'zero to one,' the event promises actionable takeaways and exclusive access to compliance innovations shaping the future. 'Imagine walking into the 360° Compliance Virtual Summit with zero knowledge, and walking out with a crystal-clear understanding of how compliance really works. From 0 to 1, we're not just changing the game; we are reinventing it in ways no one has ever imagined. Picture a place where companies from all industries come together, united by one agenda: revolutionizing compliance and tackling the world's most pressing financial crimes,' said Bakhtawar Bokhari, Brand Manager at AML Watcher. Event Highlights: 'This year, we are handing the future of compliance on a silver platter for FREE. But next year? People will be waiting in line just to get in,' said Bakhtawar Bokhari, Brand Manager at AML Watcher, during a casual chat with Oonagh Van Den Berg, Director of Growth. Who Should Attend: How to Join: The summit is free to attend and will be streamed online to a global audience. Participants are encouraged to join the conversation on social media using #360Compliance and book a free demo to explore AML Watcher's unified compliance platform. Contact Info: Name: Bakhtawar Bokhari Email: Send Email Organization: AML Watcher Website: Release ID: 89166921 Should any problems, inaccuracies, or doubts arise from the content contained within this press release, we kindly request that you inform us immediately 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 dedicated team will promptly address your concerns within 8 hours, taking necessary steps to rectify identified issues or assist with the removal process. Providing accurate and dependable information is at the core of our commitment to our readers.
Associated Press
29-07-2025
- Business
- Associated Press
AML Watcher Insight Reveals Escalated Secondary Sanctions Risk for ASEAN Nations Amidst Surging Russia Trade
Singapore, July 29, 2025 -- Businesses in ASEAN are also exposed to the risk of secondary sanctions by OFAC of the US Treasury. A study by AML Watcher reveals a significant and escalating risk of secondary sanctions for businesses in the region, as economic ties between ASEAN and Russia reach unprecedented levels. The analysis underscores the necessity for a more sophisticated approach to sanctions screening for institutions in Singapore, Malaysia, Vietnam, and the Philippines to maintain access to vital U.S. markets. In the wake of extensive economic sanctions imposed by the US, the EU, and other Western allies, Russia has shifted its economic engagement towards Asia, with trade in the ASEAN bloc reaching an all-time high. This presents a complex compliance challenge. While businesses in ASEAN are not legally obligated to comply with all U.S. sanctions unless a correspondent banking relationship is involved, dealing with some entities targeted by OFAC can trigger secondary sanctions. This could result in U.S. authorities directly sanctioning the ASEAN business, effectively blocking it from the U.S. financial system and all trade with American entities. ' The challenge for non-U.S. businesses is that most screening tools flood compliance teams with alerts for every OFAC-sanctioned entity. This creates a huge amount of irrelevant work, because these businesses only need to avoid the specific entities that trigger secondary sanctions,' said Raja Haris, GrowthManager at AML Watcher. " Legitimate business gets delayed or even rejected due to this compliance noise and a lack of clear risk understanding. ' This is precisely where AML Watcher's intelligent, risk-based approach provides a critical lifeline. Businesses ensure efficiency in AML compliance by cutting through the noise with AML Watcher's context-driven data, carefully labeled for secondary sanctions risks, and allowing them to: ' Our goal is to replace compliance noise with compliance intelligence,' added Haris. " We empower businesses to pursue growth opportunities securely by providing the clarity to distinguish between real threats and irrelevant alerts. This is how you trade with confidence in today's complex geopolitical landscape. ' About AML Watcher AML Watcher offers a comprehensive suite of anti-money laundering (AML) compliance solutions, including sanctions, PEP, and adverse media screening, transaction screening and monitoring, and a complete case management system. Businesses can carefully manage their risk and combat financial crime by utilizing AML Watcher's distinct, intelligence-augmented screening solutions. For more information on the insight or to learn more about AML Watcher's secondary sanctions data solutions, please visit Contact Info: Name: Oonagh Van Den Berg Email: Send Email Organization: AML Watcher Website: Release ID: 89165896 If you come across any problems, discrepancies, or concerns related to the content contained within this press release that necessitate action or if a press release requires takedown, we strongly encourage you to reach out without delay 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 committed team will be readily accessible round-the-clock to address your concerns within 8 hours and take appropriate actions to rectify identified issues or support with press release removals. Ensuring accurate and reliable information remains our unwavering commitment.
Associated Press
10-06-2025
- Business
- Associated Press
AML Watcher Introduces Sanctions 2.0: An Update in Sanctions Screening Technology
Dover, Delaware, United States, June 10, 2025 -- AML Watcher, the leading AML risk screening solution, has launched Sanctions 2.0 to empower financial institutions and businesses to screen their global customers while preventing unnecessary de-risking effectively. Sanctions 2.0 introduces a context-driven approach to precise labelling of the scope of sanctions in terms of Travel Bans, Arms Embargos, Asset Freeze, and associated Secondary Sanctions Risk. This tailored context screening ensures effective reduction in false positives and false negatives, saving time and resources. The exclusive, updated version enables compliance teams to efficiently assess whether a flagged match constitutes a genuine, true positive, aligning with the organization's defined risk appetite and exposure thresholds, or not. Sanctions 2.0 addresses the challenges that financial institutions and businesses face in balancing compliance with sanctions regimes and ensuring speed. As countries introduce regulations to facilitate instant payments, service providers are facing pressure to balance speed with sanctions compliance. This challenge is more evident from the EU's Regulation (EU) 2024/886, which requires daily customer risk assessments against EU restrictive measures for SEPA Instant Payments, ensuring transactions are processed within 10 seconds. Sanctions 2.0 also addresses the challenge of compliance with conflicting sanctions regimes, such as OFAC's Secondary Sanctions and the EU Blocking Statute. As traditional risk assessment tools lack the complete context, compliance officers struggle to ascertain a sanctioned entity's relevance to the laws of jurisdiction. ' It was not just about building a sanctions screening tool to assist with compliance, but it was also about using the power of data-tech to reduce false positives and prevent loss of revenue due to unnecessary de-risking. At AML Watcher, we were able to achieve it because of our proprietary data sourced by a team of expert researchers, which allows us to continuously improve the screening abilities in line with global regulatory requirements and arising compliance challenges.' Meera Vidyut, Head Of Sales - APAC, AML Watcher. AML Watcher, to enhance screening for improved data, has developed the Sanctions 2.0 solution to address the challenge of excessive de-risking faced by financial institutions. Unnecessary de-risking, which often results in the loss of valuable customers and, consequently, revenue, can be avoided if sanctions screening outcomes are presented in context through labeling. Screening with such innovative tools provides sanctions compliance officers with insight into the nature of the associated sanctions regime and, consequently, the scope of implementation. Structured labeling in Sanctions 2.0 provides additional classification parameters, allowing compliance teams to assess flagged entities with greater precision. Furthermore, a combination of adverse media screening ensures that no newly added or removed sanction names are missed, and sanctions data are updated every 15 minutes. AML Watcher, a RegTech solution to streamline the AML Compliance for the obligated sector, has been built on the vision of providing accurate AML Screening data in line with diverse and often conflicting Anti-Money Laundering Regulations. To assist businesses in leveraging AML compliance as a global expansion strategy, the AML Watcher's data technology boasts comprehensive global coverage of 235+ sanctions regimes, 415+ risk categories for adverse media, 2.6 million PEP profiles, and more than 3,500 watchlists, warnings, and regulatory enforcement actions. Contact Info: Name: Meera Vidyut Email: Send Email Organization: AML Watcher Website: Release ID: 89162047 If there are any problems, discrepancies, or queries related to the content presented in this press release, we kindly ask that you notify us immediately at [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 will be available round-the-clock to address your concerns within 8 hours and take necessary actions to rectify any identified issues or support you with press release takedowns. Ensuring accurate and trustworthy information is our unwavering commitment.
Associated Press
15-05-2025
- Business
- Associated Press
AML Watcher Expands to MENA Region with Office in Dubai
AML Watcher announces its expansion to Dubai, UAE, reinforcing its commitment to supporting businesses in the MENA region with cutting-edge AML compliance solutions and data-driven risk assessment tools. Dubai, United Arab Emirates, May 15, 2025 -- AML Watcher, the industry-leading AML risk screening platform powered by proprietary data, has officially expanded to the MENA (Middle East North Africa) region with the opening of its new office in the United Arab Emirates. This strategic move marks a new chapter in AML Watcher's mission to empower businesses with powerful, compliant, and localized AML solutions. The expansion comes at a pivotal time. On February 23, 2024, the UAE was officially removed from the Financial Action Task Force (FATF) grey list, having made significant progress reinforcing its AML compliance regulations and enforcement actions. During the grey-list period, regulatory scrutiny led to financial institutions. It designated non-financial businesses to strengthen their AML programs and adopt more data-driven tools for effective compliance with AML Laws. To support this growing demand, AML Watcher brings its proprietary data-powered screening technology to the region. Its advanced labelling and name-matching algorithms enable organizations to assess risk precisely, reduce false positives, and enhance due diligence efficiency. AML Watcher also offers AI-powered transaction monitoring, designed to detect suspicious activities more accurately in real time. The system identifies unusual patterns by analyzing vast volumes of transactional data and flags potential risks that traditional methods may miss. This proactive approach not only reduces false positives but also enables faster, more informed compliance decisions. In addition to its core screening capabilities, AML Watcher offers AI-powered transaction monitoring designed to detect suspicious activity in real time. By analyzing large volumes of transactional data, the system flags irregular patterns and provides actionable insights faster and more accurately than traditional methods. 'Our new Dubai office enhances collaboration with local partners to deliver tailored compliance solutions. AML Watcher's proprietary data layer, featuring advanced labeling and name-matching algorithms, ensures accurate screening for businesses facing complex AML challenges in the MENA region. ' Maryam Ehsan, Head of Business Development in the MENA Region Businesses across MENA often face the dual challenge of achieving international compliance while expanding their operations globally. AML Watcher addresses this need with a data layer aligned to global AML standards and enriched by regulatory experts. The platform supports a comprehensive suite of screening services, including checks for politically exposed persons (PEPs), sanctions, adverse media, regulatory warnings, and enforcement actions, ensuring robust risk filtering and proactive compliance. About Us: AML Watcher is revolutionizing AML compliance by returning efficiency and effectiveness to screening processes. Our platform has supported over 10,000 businesses, saved $25 million in compliance costs, and reduced screening expenses by 50%—all made possible by our proprietary AML database. Whether scanning a single entity or analyzing millions, we deliver fast, scalable insights with unmatched global coverage and expertise in 80+ languages. Built from the ground up to solve the inefficiencies plaguing legacy AML systems, AML Watcher automates 90% of AML tasks, streamlining operations for compliance teams. Backed by the innovation powerhouse Programmers Force, with over 1,000 experts and a decade of RegTech experience, AML Watcher is committed to building a smarter, faster, and more transparent future for AML compliance. Contact Info: Name: Raja Haris Email: Send Email Organization: AML Watcher Website: Release ID: 89160108 Should you detect any errors, issues, or discrepancies with the content contained within this press release, or if you need assistance with a press release takedown, we kindly request that you inform us immediately 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 expert team will be available to promptly respond and take necessary steps within the next 8 hours to resolve any identified issues or guide you through the removal process. We value the trust placed in us by our readers and remain dedicated to providing accurate and reliable information.
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.
