KYC – Financial Treason & Crime

06/15/202106/16/2021

Article: True Cost of Financial Crime Compliance Global Report Reveals that Costs Reached $213.9 Billion in 2021

True Cost of Financial Crime Compliance Global Report Reveals that Costs Reached $213.9 Billion in 2021

Omar Faridi, 15 June 2021

LexisNexis Risk Solutions, a global data and analytics firm, has published its annual True Cost of Financial Crime Compliance Global Report.

The results shared in the new report have been prepared after conducting an extensive survey of 1,015 financial crime compliance decision-makers at established financial institutions such as banks, investment companies, funds managers, and insurers. Continue reading “Article: True Cost of Financial Crime Compliance Global Report Reveals that Costs Reached $213.9 Billion in 2021”

05/21/2021

Article: London startup fighting against financial crime with ML picks $70M from Goldman Sachs

Article - Media, Publications

London startup fighting against financial crime with ML picks $70M from Goldman Sachs

UKTechNews, 21 May 2021

London-based global data technology company – ComplyAdvantage transforming financial crime detection has announced a fresh investment from Goldman Sachs Growth Equity (“Goldman Sachs”).

While the terms of transactions were not disclosed, the Machine Learning (ML) scaleup has extended its Series C investment to $70 million with this new Goldman Sachs investment. Pouring fresh investment into oversubscribed Series C funding. It is an extension to the company’s oversubscribed Series C funding announced in July 2020. With this, Goldman Sachs joins a growing list of the company’s world-class investors, including the Ontario Teachers’ Pension Plan Board, Index Ventures, and Balderton Capital. Continue reading “Article: London startup fighting against financial crime with ML picks $70M from Goldman Sachs”