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How beneficial ownership can add crucial context to suspicious activity identification

Extended guest blog post

How beneficial ownership can add crucial context to suspicious activity identification

The fight against money laundering and counter-terrorist financing is evolving like never before, and more external data sources are being integrated with compliance systems. Why is this and how can we make better use of beneficial ownership-related information?

Keith Furst, Financial crimes technology expert and founder of Data Derivatives, addresses these questions in this extended piece. Focusing on various ways in which externally-derived beneficial ownership data can add context to help identify suspicious activity, he covers topics including:

  • The risk-based approach to external data
  • Market abuse and external data
  • The spectrum of suspicion
  • How banks detect businesses commingling illicit cash