Moody’s Talks: KYC Decoded

You may have looked data up and down and back again, but have you looked at it sideways?In Part 3 of our Sanctions Miniseries, host Alex Pillow is joined by KYC expert, Graham Barrow, host of The Dark Money Files podcast. Their discussion sheds light on the networks of those who are sanctioned and the risk indicators to look for.Find out more about how you can adapt to an evolving sanctions environment by visiting  our website.Reach out to us via podcasts@moodys.com to share feedback and ideas for new Moody’s Talks: KYC Decoded episodes.

In Part 2 of our Sanctions Miniseries, Andréas Hobbelin, Head of Anti-Money Laundering & Financial Crime Prevention at ZTL Payment Solutions, guides us beyond sanctions lists by sharing the importance of ownership and control in relation to sanctions. Without complete and accurate data, subsidiary networks are more difficult to detect, and mistakes become more likely for vendors and practitioners.This conversation highlights ways organizations can take a proactive approach to mitigating sanctions risk.Learn more about how you can go beyond the lists and adapt to an evolving sanctions environment by visiting our website and reading our related whitepaper.Reach out to us via podcasts@moodys.com to share feedback and ideas for new Moody’s Talks: KYC Decoded episodes.

Russia’s invasion of Ukraine has had a profound impact on the compliance, KYC, and supply chain industries as governments around the world have issued sanctions at a rapid pace.In this first installment of our Sanctions Miniseries, host Alex Pillow provides an overview of sanctions, the subsequent responsibilities organizations have for staying compliant – and the consequences for not.Find out how to adapt to an evolving sanctions environment by visiting our website.Reach out to us via podcasts@moodys.com to share feedback and ideas for new Moody’s Talks: KYC Decoded episodes.

Attitudes towards AI in the KYC and AML space are often riddled with disillusionment. It begs the question, are there ways to unlock the potential of AI technologies in a more productive way when combatting financial crime? Host Alex Pillow delves into this topic with guests Janet Bastiman, Chief Data Scientist at Napier AI, and James Nurse, Managing Director at FINTRAIL.Check out these resources to learn more:AI path design: the future of AML & how to prepare for it webinarThe optimal path to AI implementation for financial crime compliance e-bookBuilding trust and confidence in AI blogOpportunities and challenges of new technologies for AML/CFTArtificial intelligence public-private forumAI public-private forum final reportDo you have feedback or ideas for new Moody's Talks: KYC Decoded episodes? Please get in touch via  podcasts@moodys.com.

When it comes to analyzing the financial crime industry, are you overwhelmed by data points? The more pressing concern is likely how to gain deeper insight into data that lead to more valuable business decisions. In this episode, host Alex Pillow and Jamie Hutton, CTO of Quantexa, discuss how entity resolution can be a powerful tool on your journey toward more impactful and affective KYC.To learn more about Quantexa, be sure to visit their website and check out their entity resolution long page.

The recent Suisse Secrets data leak from the Organized Crime and Corruption Reporting Project (OCCRP) exposed unethical business dealings within the global banking system. These leaks are the tip of the iceberg when it comes to widespread misconduct in the financial system. These suspicious transactions fuel a vast range of illegal activities like tax evasion, money laundering, drug trafficking, and modern slavery.Host Alex Pillow and Hugo Veazey, explore flaws embedded in the foundation of legal and banking systems around the globe and their devastating consequences. Listen along as they discuss the power organizations have to shift this dangerous and immoral paradigm by making systematic compliance changes to their tools, training, and accountability standards.

Ultimate beneficial ownership of a company is not as straightforward as it seems. This opaqueness begets a system where business structures are created legally, and yet are also the preferred vehicle for furthering financial crime like money laundering, human trafficking, and migrant smuggling. Follow along as host Alex Pillow dives deeper into the topic of UBOs with highly esteemed author and investigative journalist, Oliver Bullough, and Moody's Analytics Financial Crime Industry Practice Lead, Ted Datta.For further reading from Oliver Bullough, check out his renowned book, Moneyland: The Inside Story of the Crooks and Kleptocrats Who Rule the World. He is also a regular contributor to The Guardian, where you can find his recent article on Britain's role in handling Russian money, the impact this has had and how this relates to the military conflict in Ukraine. Visit the Moody's Analytics KYC website for more information on how to gain better transparency into your network.Additional resources recommended in this episode include:The Night Manager by John Le CarréRather Be the Devil by Ian RankinThe Dogs of War by Frederick ForsythKleptopia: How Dirty Money Is Conquering the World by Tom BurgisTreasure Islands: Tax Havens and the Men who Stole the World by Nicholas ShaxonPutin's People: How the KGB Took Back Russia and Then Took On the West by Catherine BeltonMcMafia: A Journey Through the Global Criminal Underworld by Misha GlennyHave any feedback or ideas for new Moody's Talks: KYC Decoded episodes? Please contact us at podcasts@moodys.com.

While unequivocally wrong, the global practice of modern slavery is yet to be completely eradicated. Host Alex Pillow is joined by Professor Zoe Trodd, Director of the Rights Lab, and Jakob Hahn-Petersen, Moody's Analytics KYC Product Strategist, to discuss the magnitude of the problem and the role governments, organizations, individuals, and technology can play to fight against it.To learn more about Rights Lab and this very important subject, please visit their website. And for further reading, check out To Plead Our Own Cause: Personal Stories by Today's Slaves, a book by Professor Zoe Trodd and Kevin Bales, and Disposable People: New Slavery in the Global Economy by Kevin Bales. Visit the Moody's Analytics KYC website for more information on how to combat modern slavery in your organization.Have any feedback or ideas for new Moody's Talks: KYC Decoded episodes? Please contact us at podcasts@moodys.com.

Moody’s Talks: KYC Decoded is your window into the world of financial crime fighters and the industries that arm them against the illegal actors that threaten people, companies and society. Listen and learn from subject matter experts, authors and practitioners to find out how you can better address and mitigate the risks to your business and community.