Acuminors’ financial crime database is being continually updated by our own Intelligence Team. Our experts leverage experience from law enforcement, government and academia across several jurisdictions and are supported by machine learning and natural language processing models. The financial crime database is structured into threats and each threat is broken down into the relevant countries, channels and financial products that can be misused in each case. To date, we have analysed more than 750 vetted sources, and over 300,000 pages and this is growing all the time.
Updates made in quarter 2 of 2022
During the second quarter of 2022, Acuminor have published 18 releases of new data models containing analysis and content on various levels accessible in our products.
Updates on an international level includes changes to the country risk lists published by FATF (jurisdictions under increased monitoring) and adding international threat descriptions. Updates on a European level includes changes to the country risk list published by the European Commission (EU high-risk third countries) and adding reports from Europol. These updates have resulted in several new risk indicators.
On a domestic level, National Risk Assessments have been added for Australia, Denmark, Finland, Luxembourg and the U.S. On a domestic deep dive level customers with access to financial crime threat intelligence received updates for Denmark, Norway, Sweden and the UK with reports from domestic law enforcement and authorities.
Updates for Denmark include one report from the Danish Gambling Authority (Spillemyndigheden). Updates for Norway include reports from the Norwegian National Authority for Investigation and Prosecution of Economic and Environmental Crime (Økokrim). Updates for Sweden include reports from the Swedish Police Authority (Polismyndigheten) and the Financial Intelligence Unit (Finanspolisen).
Updates for the UK include reports from the Metropolitan Police, House of Commons and the Home Office. Together with our partners – RedCompass Labs – we have also launched a new UK AML gap analysis, which includes a break down of the UK Money Laundering Regulations, Joint Money Laundering Steering Group Guidance and FCA’s Handbook.
We have also added five country risk lists sourced from EU, FATF and Transparency International to enable our customers to enhance their country risk rating process. We constantly monitor the situation in Ukraine and the impact this might have on our content related to Sanctions.