FinCrime Institute
The specialist resource for AML, KYC, and financial crime compliance at banks, fintechs, and payment companies.
FinCrime Institute publishes regulatory guidance, vendor intelligence, and reference content covering anti-money laundering, know-your-customer, fraud prevention, sanctions screening, and payments compliance under frameworks including FATF, FinCEN, BSA, and PCI DSS.
What we cover
Four areas, kept current
Compliance Program Governance
Coverage of Compliance Program Governance news: reporting, updates, and analysis.
Sanctions Lists & Screening
Coverage of Sanctions Lists & Screening news: reporting, updates, and analysis.
FinCrime Vendor Directory
298 vendors across AML Software, KYC and Identity Verification, Screening, and Monitoring and Case Management — reviewed and categorized for compliance teams evaluating solutions.
FinCrime Glossary & Reference
Precise definitions of AML, KYC, and financial crime compliance terms, covering regulatory frameworks, typologies, and technical concepts used across the industry.
Term of the day
Sanctions Designation
A sanctions designation is the formal act by which an authority names a specific individual or entity as a target of sanctions, triggering restrictions such as the blocking (freezing) of assets or trade prohibitions. Once designated, a person or organization is added to a published sanctions list that obliged entities screen against. Designation is a regulatory and administrative decision, not in itself a criminal conviction or a finding of guilt in a court.
Directory
Vendors worth knowing
PlanetVerify
Transforming onboarding with intelligent verification solutions
PlanetVerify offers a comprehensive platform designed to automate AML, KYC, and verification processes for customer onboarding. It transforms cumbersome legacy systems into efficient, secure workflows tailored to specific business needs. The platform's features include document collection, verification, and personal data management, ensuring compliance with evolving regulations. With an API-driven approach, PlanetVerify enables flexible, scalable solutions that support rapid onboarding and risk assessment. Additionally, it offers end-to-end encryption for sensitive data and integrates seamlessly with existing enterprise systems, enhancing digital transformation efforts.
Prospero AG
Transforming data into decisive compliance insights
DetectX by Prospero AG is an AI-driven platform designed for predictive analytics and decision-making in compliance and risk management. It excels in identity verification and customer due diligence, essential components of KYC processes. The platform leverages advanced algorithms and pattern recognition to enhance risk detection, significantly reduce false alerts, and support compliance teams in managing alerts efficiently. DetectX provides bespoke analytical solutions across diverse industries, continuously adapting its models based on real-time data to optimize performance and support proactive decision-making, improving compliance outcomes.
SCHUMANN
Transforming risk into strategic advantage
SCHUMANN offers innovative risk management software tailored for the construction materials industry, financial services, and insurance sectors. Their KYC software assists businesses in identifying contractual partners and managing credit risks effectively. It enhances liquidity and efficiency through features such as automated monitoring of credit risks, aimed at traders in construction materials who face unique industry challenges. With a focus on process optimization and employee training, SCHUMANN supports clients in adapting to changes brought by new software implementations. Their solutions are designed to meet strict compliance standards, ensuring a high-quality process management.