Financial institutions are prime targets and sources of money laundering and terror financing and are under constant scrutiny to ensure transparency and prevent illegal activities. Failure to comply with laws and regulations, and failure to prevent laundering can incur massive financial penalties, personal liability of senior management, unshakable reputational damage, and even national security risks in the event of a governmental organization or financial organization with sensitive government data is compromised.
Analysts need automated AI-powered technology with machine-learning capabilities for big data analysis in order to
effectively ensure money laundering prevention.
Cobwebs’ solutions are recognized globally for innovation, compliance, and award-winning technologies.