Latest news with #Laundering
Yahoo
22-05-2025
- Business
- Yahoo
FOCAL by Mozn is Positioned as the Leader in the SPARK MatrixTM: Anti-Money Laundering (AML) Solutions, 2025 by QKS Group
Middleton, Massachusetts, May 22, 2025 (GLOBE NEWSWIRE) -- The QKS Group SPARK Matrix™ provides competitive analysis and ranking of the leading Anti-Money Laundering (AML) solution vendors. FOCAL by Mozn, with its comprehensive technology and customer experience management, has received strong ratings across the parameters of technology excellence and customer impact. QKS Group has named FOCAL by Mozn as a SPARK leader in their analysis of the SPARK Matrix™: Anti-Money Laundering (AML) Solutions, 2025 market. The QKS Group SPARK Matrix™ evaluates vendors based on technology excellence and customer impact. It offers an in-depth analysis of global market dynamics, major trends, vendor landscapes, and competitive positioning. By providing a competitive analysis and ranking of leading technology vendors, the SPARK Matrix delivers strategic insights that help users assess provider capabilities, differentiate competitively, and understand market positions. FOCAL by Mozn was recognized as a technology leader in the SPARK Matrix™: Anti-Money Laundering (AML) Solutions 2025, reflecting its rapidly evolving strengths across key areas such as behavioral analytics, regional language intelligence, and real-time transaction monitoring. The platform delivers an end-to-end AML compliance suite, combining AI-driven name screening, anomaly detection, dynamic risk scoring, and case management in a scalable, microservices-based architecture. With support for continuous learning, explainable risk scoring, and a no-code rule engine, FOCAL allows institutions to stay agile while meeting complex regulatory demands. The capabilities combined with intuitive workflows, collaborative investigation tools, and Compliance-as-a-Service deployment, position FOCAL among leaders in next-generation AML technology for high-growth and emerging financial ecosystems. QKS Group defines 'Anti-Money Laundering (AML) solutions as a comprehensive set of tools and processes that help financial institutions in continuously monitoring and analyzing customer data and financial transactions. This monitoring helps them detect, prevent, and report suspicious money laundering activities while adhering to regulatory compliance requirements. Modern AML solutions use advanced analytics, artificial intelligence, and machine learning algorithms, throughout the customer transactions lifecycle processes encompassing Customer Due Diligence (CDD), watchlist screening, transaction monitoring, risk scoring, and suspicious activity reporting, to predict potentially fraudulent activities, combat money laundering, and strengthen the integrity of the financial system.' 'FOCAL by Mozn is emerging as a key player in advancing AI-driven approaches to AML, fusing behavioral intelligence, linguistic precision, and advanced risk detection into its scalable compliance platform. Its AML solutions suite empowers institutions to move beyond rule-based alerts toward smarter, adaptive detection of financial crime. Proprietary innovations like its Arabic/Latin Naming Matching engine enable precise screening across multilingual scripts, while advanced deep learning, Graph Neural Networks, and behavioral risk models enhance detection of sophisticated typologies and hidden networks. FOCAL's intelligent orchestration capabilities with a no-code rules engine, allow compliance teams to configure and deploy monitoring scenarios with speed and flexibility. With real-time processing infrastructure supporting high-volume transaction monitoring, and collaborative case resolution, FOCAL is adept to help financial institutions respond to risk in real-time with transparency, control, and confidence'. said Siddharth Arya, Senior Analyst at QKS Group. Malik Alyousef, Co-Founder, Chief Operating Officer at Mozn, commented 'We are proud to be recognized as a leader in the SPARK Matrix™ for Anti-Money Laundering (AML) Solutions by QKS Group. This recognition demonstrates our dedication to pioneering compliance technology and delivering unparalleled value to our clients. Our vision is to offer an AML Compliance solution that is future-forward, AI-driven, and easy to work with, so our clients can navigate the complexities of AML compliance that is ever-evolving with ease. Our FOCAL team is committed to constantly enhancing our platform to offer our clients effortless regulatory compliance tailored to the local and global needs while providing unparalleled and frictionless customer experience.' Additional Resources: For more information about Mozn About Mozn:Mozn is a 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 is at the forefront of technological innovation, striving to redefine the limits of what is possible in the digital age. Media Contact For more information, please contact Mozn through: media@ About QKS Group: QKS Group is a global advisory and consulting firm focused on helping clients achieve business transformation goals with Strategic Business and Growth advisory services. At QKS Group, our vision is to become an integral part of our client's business as a strategic knowledge partner. Our research and consulting deliverables are designed to provide comprehensive information and strategic insights for helping clients formulate growth strategies to survive and thrive in ever-changing business environments. For more available research, please visit Media Contact: QKS Group Shraddha Roy PR & Media Relations Regus Business Center 35 Village Road, Suite 100, Middleton Massachusetts 01949 United States Email: shraddha.r@ Content Source: CONTACT: Shraddha Roy PR & Media Relations QKS Group Regus Business Center 35 Village Road, Suite 100, Middleton Massachusetts01949 United States Email:shraddha.r@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
22-05-2025
- Business
- Yahoo
FOCAL by Mozn is Positioned as the Leader in the SPARK MatrixTM: Anti-Money Laundering (AML) Solutions, 2025 by QKS Group
Middleton, Massachusetts, May 22, 2025 (GLOBE NEWSWIRE) -- The QKS Group SPARK Matrix™ provides competitive analysis and ranking of the leading Anti-Money Laundering (AML) solution vendors. FOCAL by Mozn, with its comprehensive technology and customer experience management, has received strong ratings across the parameters of technology excellence and customer impact. QKS Group has named FOCAL by Mozn as a SPARK leader in their analysis of the SPARK Matrix™: Anti-Money Laundering (AML) Solutions, 2025 market. The QKS Group SPARK Matrix™ evaluates vendors based on technology excellence and customer impact. It offers an in-depth analysis of global market dynamics, major trends, vendor landscapes, and competitive positioning. By providing a competitive analysis and ranking of leading technology vendors, the SPARK Matrix delivers strategic insights that help users assess provider capabilities, differentiate competitively, and understand market positions. FOCAL by Mozn was recognized as a technology leader in the SPARK Matrix™: Anti-Money Laundering (AML) Solutions 2025, reflecting its rapidly evolving strengths across key areas such as behavioral analytics, regional language intelligence, and real-time transaction monitoring. The platform delivers an end-to-end AML compliance suite, combining AI-driven name screening, anomaly detection, dynamic risk scoring, and case management in a scalable, microservices-based architecture. With support for continuous learning, explainable risk scoring, and a no-code rule engine, FOCAL allows institutions to stay agile while meeting complex regulatory demands. The capabilities combined with intuitive workflows, collaborative investigation tools, and Compliance-as-a-Service deployment, position FOCAL among leaders in next-generation AML technology for high-growth and emerging financial ecosystems. QKS Group defines 'Anti-Money Laundering (AML) solutions as a comprehensive set of tools and processes that help financial institutions in continuously monitoring and analyzing customer data and financial transactions. This monitoring helps them detect, prevent, and report suspicious money laundering activities while adhering to regulatory compliance requirements. Modern AML solutions use advanced analytics, artificial intelligence, and machine learning algorithms, throughout the customer transactions lifecycle processes encompassing Customer Due Diligence (CDD), watchlist screening, transaction monitoring, risk scoring, and suspicious activity reporting, to predict potentially fraudulent activities, combat money laundering, and strengthen the integrity of the financial system.' 'FOCAL by Mozn is emerging as a key player in advancing AI-driven approaches to AML, fusing behavioral intelligence, linguistic precision, and advanced risk detection into its scalable compliance platform. Its AML solutions suite empowers institutions to move beyond rule-based alerts toward smarter, adaptive detection of financial crime. Proprietary innovations like its Arabic/Latin Naming Matching engine enable precise screening across multilingual scripts, while advanced deep learning, Graph Neural Networks, and behavioral risk models enhance detection of sophisticated typologies and hidden networks. FOCAL's intelligent orchestration capabilities with a no-code rules engine, allow compliance teams to configure and deploy monitoring scenarios with speed and flexibility. With real-time processing infrastructure supporting high-volume transaction monitoring, and collaborative case resolution, FOCAL is adept to help financial institutions respond to risk in real-time with transparency, control, and confidence'. said Siddharth Arya, Senior Analyst at QKS Group. Malik Alyousef, Co-Founder, Chief Operating Officer at Mozn, commented 'We are proud to be recognized as a leader in the SPARK Matrix™ for Anti-Money Laundering (AML) Solutions by QKS Group. This recognition demonstrates our dedication to pioneering compliance technology and delivering unparalleled value to our clients. Our vision is to offer an AML Compliance solution that is future-forward, AI-driven, and easy to work with, so our clients can navigate the complexities of AML compliance that is ever-evolving with ease. Our FOCAL team is committed to constantly enhancing our platform to offer our clients effortless regulatory compliance tailored to the local and global needs while providing unparalleled and frictionless customer experience.' Additional Resources: For more information about Mozn About Mozn:Mozn is a 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 is at the forefront of technological innovation, striving to redefine the limits of what is possible in the digital age. Media Contact For more information, please contact Mozn through: media@ About QKS Group: QKS Group is a global advisory and consulting firm focused on helping clients achieve business transformation goals with Strategic Business and Growth advisory services. At QKS Group, our vision is to become an integral part of our client's business as a strategic knowledge partner. Our research and consulting deliverables are designed to provide comprehensive information and strategic insights for helping clients formulate growth strategies to survive and thrive in ever-changing business environments. For more available research, please visit Media Contact: QKS Group Shraddha Roy PR & Media Relations Regus Business Center 35 Village Road, Suite 100, Middleton Massachusetts 01949 United States Email: shraddha.r@ Content Source: CONTACT: Shraddha Roy PR & Media Relations QKS Group Regus Business Center 35 Village Road, Suite 100, Middleton Massachusetts01949 United States Email:shraddha.r@
Mint
21-05-2025
- Politics
- Mint
Breaking: Sonia, Rahul Gandhi got ₹142 crores as proceeds of crime in National Herald case, ED tells Delhi court
Prima facie case against Sonia Gandhi, Rahul Gandhi made out, ED tells Delhi court in National Herald case, news agency PTI reported. The mother-son duo enjoyed ₹142 crore in proceeds of crime, the agency told the court. Advertisement Additional Solicitor General SV Raju, on behalf of the Enforcement Directorate, told the Delhi Court that Congress leaders Sonia and Rahul Gandhi, got ₹142 crores as proceeds of crime in the National Herald Money Laundering matter. Sonia and Rahul are accused 1 and 2 in the case. The ED is making preliminary submissions on the issue of cognisance of the chargesheet submitted in the matter. (This is a developing story, Check back for updates)
United News of India
08-05-2025
- Politics
- United News of India
Delhi court adjourns hearing in National Herald case involving top Congress leaders
New Delhi, May 8 (UNI) A Delhi court on Thursday adjourned the hearing in National Herald case involving Congress leaders Sonia Gandhi, Rahul Gandhi and others as proposed accused under Prevention of Money Laundering Act (PMLA). The court adjourned the matter for May 21-22 for hearing the submissions on the aspect of cognisance. Special Judge for MPs/MLAs cases Dr. Vishal Gogne said, " The notices have been served upon all proposed accused persons in terms of the previous order. Vakalatnama has been separately filed on behalf of four of the proposed accused, Memo of appearance has been filed on behalf of proposed accused Nos.6 and 7". The court said, " However, since the notice has purportedly been served upon an alternative email ID upon one proposed accused only today, it is appropriate that submissions on the aspect of cognisance are heard on the next date of hearing". Dr. Subramanian Swamy, the complainant in the proceedings relating to the predicate offence, had mentioned his presence before the court and submitted that an application for being supplied with a copy of the present complaint and documents shall be moved by him in due course. In the previous order, the court directed that notice be issued to the proposed accused persons in order that they may be heard on the question of cognizance upon the present complaint. On the previous date of hearing, the court said the complaint and accompanying documents should be sent in digital form along with the notice to the proposed accused through all permissible modes and listed the matter for consideration upon the aspect of cognizance for today. The case relates to the allegations of financial irregularities involving the National Herald newspaper which has been investigation by the Enforcement Directorate (ED). The complainant, Directorate of Enforcement (ED) has instituted the complaint under sections 44 & 45 of Prevention of Money Laundering Act, 2002 (PMLA) in relation to the alleged commission of the offence of Money Laundering as defined under section 3, punishable under section 4 of PMLA. The complaint has named Sonia Gandhi, Rahul Gandhi, Suman Dubey, Sam Pitroda, M/s Young Indian, M/s Dotex Merchandise Pvt. Ltd and Sunil Bhandari the persons/ entities as the proposed accused in this case. The scheduled offence which forms the basis of the present complaint is stated to have arisen upon the order of Metropolitan Magistrate -2, Patiala House Courts, New Delhi dated June 26, 2014 whereby, upon a complaint filed by Dr. Subramanian Swamy, the court issued summons to accused persons therein with respect to commission of offences under sections 403 (offences against computer resources), 406 (criminal breach of trust) and 420 (cheating) read with section 120B (criminal conspiracy) of the Indian Penal Code (IPC). The seven accused who thus came to be summoned in the predicate offence were Sonia Gandhi, Rahul Gandhi, Moti Lal Vohra, Oscar Fernandes, Suman Dubey, Sam Pitroda and the company by the name M/s Young Indian. UNI XC ANV SSP
