Cross-border movement (CBM) of physical currency (carrying) is one of the top Anti-Money Laundering (AML) risks that any business may be exposed to.

Findings just released by illion have revealed which countries over the past 3 financial years have been deemed to be most at risk due to strategic AML and Counter-Terrorism Financing deficiencies, corruption and…

As the threat of money laundering and terrorism financing in Australia and New Zealand continues to evolve, maintaining visibility and ensuring you have sufficient information about your customer portfolio is vital.

With recent AML (anti-money laundering) breaches from high-profile financial institutions, regulators are now becoming far more active in investigating AML compliance practices, targeting KYC (know…

Many businesses have relied on illion’s expertise to help them meet their legal requirements, whilst also maintaining efficiency and providing a streamlined customer experience.

Here are three case studies where we enabled clients to mitigate risks and optimise their services.AMLA large Australian bank needed to improve its AML onboarding system, which had serious downtime issues.ID verificationA…

The sanctions imposed on Russia by the West are tightening every day as the brutal war on Ukrainian soil continues.

We recently wrote about Russian sanctions and global supply chains. Financial institutions and suppliers are grappling to keep up to date with new regulations and what these might mean for their organisation.

In such uncertain times, illion’s…

As the war in Europe rages on, financial crime risk managers face a greater onus than ever before. However, some managers are still putting off improving their compliance practices, citing cost as an excuse. But the reality is that the cost of non-compliance is much higher.

Any breach of Australian sanction laws can result in imprisonment…