ACAMS Conference Targets Anti Money Laundering and Financial Crime

This press release was orginally distributed by SBWire

Reykjavik, Iceland -- (SBWIRE) -- 12/21/2022 -- Anti-Money Laundering Compliance has moved to the top of the agenda for organizations globally today. Fighting illicit finance is a key priority for enterprises across Canada and information sharing and collaboration remains a key part of making this effective. The most recent ACAMS conference, which took place in October, had a lineup of more than 40 expert speakers on this subject and focused on targeting money laundering and financial crime. It featured a range of sessions designed to improve understanding of Anti-Money Laundering Compliance, as well as the tools available to any business to combat financial crime.

During the two day conference, attendees were given a wealth of opportunities to better understand Anti Money Laundering Compliance and how to implement it more effectively. This included learning the latest guidance on regulatory priorities and financial crime threats, as well as best practices and guidance on detecting illegal activities. The line-up for the conference featured representatives from the Department of Finance, the Bank of Canada and FINTRAC, as well as the Cullen Commission and the Royal Canadian Mounted Police as well as a keynote address by the Hon. Austin Cullen, former head of the Commission of Inquiry into Money Laundering in British Columbia. Cracking down on money laundering, on organized crime and the entities that facilitate it was the focus for the conference, which was designed to enable cross-industry collaboration and target anti-money laundering and financial crime.

Anti-Money Laundering Compliance is already a key global priority but likely to become increasingly so in the coming years. ACAMs CEO Scott Liles highlighted how the pressure to identify and report suspicious activity is only likely to increase in the future as regulators require firms to be more effective at Anti Money Laundering Compliance. It's clear that this remains a confusing area for many and one where transparent and effective structures are vital. That's why the Lucinity platform was developed - to give any organization the opportunity to refresh and review Anti Money Laundering Compliance to ensure that key standards are being met. Lucinity software includes all the essential components necessary to implement more effective Anti-Money Laundering Compliance, including transaction monitoring, actor intelligence and SAR management. It has been specifically designed to be easy to use to make more effective protection broadly accessible. The advanced design of Lucinity software integrates the most powerful elements of human intelligence alongside everything that AI has to offer to create a much more effective Anti-Money Laundering Compliance tool.

Since Lucinity was first established in 2018 the firm has expanded significantly, responding to the ever-increasing demand for Anti-Money Laundering Compliance made simple. Today, the firm has locations in Reykjavik, Brussels, New York and London and continues to reach more enterprises every day. The mission to Make Money Good has driven Lucinity's progress so far, which is rooted in strong core values, such as a belief in shared intelligence and being empowered by a quiet strength, pursuing excellence with integrity and humility.

About Lucinity
Lucinity is an anti-money laundering (AML) software developer on a mission to Make Money Good. Lucinity aims to solve productivity and efficiency issues for financial institutions through the company's 'Human AI' approach, a toolset that combines next-generation AI with human insights and expertise.

By leveraging AI, the AML software learns from every interaction and continues to improve indefinitely, providing fewer false positives and saving time. This is on top of its best-in-class interface and visualizations that put users first. Professionals can experience Lucinity's AML compliance solution, including transaction monitoring, through a free demo environment available on https://www.lucinity.com/signup.

Lucinity operates globally, with headquarters in Reykjavik, and serves customers ranging from Tier-1 banks to FinTechs.

Company Quote

Founder and CEO, Gudjmundur Kristjansson, comments, "Lucinity's unique experience in banking, compliance, regulation, and data science has helped us develop a new approach to tackling money laundering—harnessing the best of human intelligence and augmenting it with advanced AI.
Our simple-to-use systems work with analysts, not against them, complementing their skills and making them superheroes so they can take on financial crime, saving institutions time and money in the process.

We believe that by transforming AML, we can have a tremendous positive impact on society. Money laundering is a crime that fuels crime. That is why we set out on the mission of Making Money Good."

To find out more information Anti Money Laundering Compliance visit https://www.lucinity.com
Lucinity are regular attendees at Anti-Money Laundering and Fin Tech Conventions around the world. To find out about upcoming Lucinity events visit https://www.lucinity.com/events

For any media enquiries please contact Gary Elliott at Iconic Digital – 020 7100 0726.

For all other enquiries please contact Lucinity at https://www.lucinity.com/contact

For more information about Lucinity services, please go to https://www.lucinity.com.

- Lucinity is an AML software company, founded in 2018, with offices in Reykjavik, New York, London and Brussels. Using advanced AI systems, we help banks discover money laundering and really know their customers, more efficiently – to stop the funding of serious crime across the world.

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