Protected: EU AML package: modern data repositories and AI for a new era of risk analysis

The EU AML package includes the new directly applicable EU Anti-Money Laundering Regulation, the revised Directive and the separate Regulation establishing the AMLA. It is supplemented by AMLA technical standards, in particular the CDD RTS, which are intended to specify how due diligence obligations, data fields and risk factors are to be implemented in practice.

For the first time, this creates a standardized Europe-wide framework for KYC processes, risk analyses, data quality and supervision. In this interview with Rick A. Campbell, CEO / Executive Chairman @GROUP, Dirk Holländer and Tamara Braun shed light on what this means for financial institutions and how technology, especially AI, can support the implementation. Specifically, Rick A. Campbell, CEO / Executive Chairman of @GROUP, and Matt Winlaw, CEO of @ID and EDD Group (a division of @GROUP) describe their experiences in the US, the UK and Australia.