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Stay Informed on Global Corruption Affairs

Tap into invaluable insights derived from diverse, reputable data sources, covering 180+ countries, measuring the state of corruption and white collar crimes.

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Stay Informed on Global Corruption Affairs

Comprehensive Compliance

Stay Clear of Troubles with Smart Corruption Monitoring

Experience the innovative power of AML Watcher’s Corruption Monitoring Solution

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Track Global Corruption Trends

By leveraging data from a variety of international, regional and domestic institutions, keep abreast of corruption patterns and benchmarks across 180+ countries.

Streamline Reporting and Audits

Benefit from our automated record-keeping and audit trail functionalities to maintain a transparent and accountable compliance workflow.

Gain Insights

Utilize our state-of-the-art technology to understand the intricacies of corruption networks and individual corruption cases and their impact on customer lifecycle.

Mitigate Legal and Financial Risks

By identifying high-risk regions and entities using our Index, ensure that your organization stays clear of potential corrupt practices and maintains its reputation.

Corruption Mapping

Global Corruption Index

Conduct initial risk mapping as part of your compliance efforts to efficiently assess third-party risk with AML Watcher’s Corruption Index. The Index covers 180+ countries and measures the state of corruption and white collar crimes around the world.

Understanding the Problem

Goldman Sachs to pay $3bn over 1MDB corruption scandal

1Malaysia Development Berhad (1MDB) was a Malaysian government-owned investment fund set up to promote economic development in the country. However, it became the center of one of the largest financial scandals in history.

Challenge

  • Between 2009 and 2015, approximately $4.5 billion was misappropriated from 1MDB.
  • Funds were laundered through a complex web of shell companies and bank accounts across the world.
  • Najib Razak, former PM of Malaysia, was accused of diverting $700 million from 1MDB into his personal bank account.
  • International banks were also implicated for failing to properly conduct AML checks and allowing these transactions to occur.
  • The scandal led to legal action against those involved, including the arrest and prosecution of former Prime Minister Najib Razak.
  • Several banks involved in the scandal were fined for AML compliance failures, including Goldman Sachs, which agreed to pay billions of dollars in settlements.

Solution

AML Watcher’s Corruption Monitor helps you:

  • Identify and flag the entities involved in corruption related activities.
  • Real-time alerts for corruption and bribery related cases linked with PEPs, allowing you to take immediate action or conduct enhanced due diligence.
  • In-depth analysis tools to assess corruption related cases, especially when linked with high-profile clients or their associates.
  • Detailed reports offering insights into transactional patterns and behaviors, ensuring informed decision-making.
  • Expert feedback to improve risk mitigation, particularly for accounts tied to PEPs or those with a significant public profile.

Global Anti-Corruption Compliance

Track Global Regulatory Trends with AML Watcher

The AML Watcher’s Corruption Monitor offers a customizable, end-to-end compliance with global anti-corruption and anti-bribery legislations, empowering your organization to effectively perform customer due-diligence and stay compliant with global efforts to uphold transparency and accountability.

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The estimated amount of money laundered globally in one year is 2-5% of global GDP which is more than $2 trillion in current US dollars as per the United Nations Office on Drugs and Crime (UNODC). Back in 2016, the Panama Papers brought to light the extensive utilization of shell companies for money laundering across various countries on a global scale. The documents that were leaked disclosed that these shell companies were established in regions with lax regulatory frameworks, such as the British Virgin Islands and the Cayman Islands. A substantial number of these enterprises had connections to PEPs and RCAs. Without a robust system to screen against such leaks, organizations risk associating with entities involved in financial malpractices.

United Nations Convention against Corruption

The UK Bribery Act (UKBA)

The United States’ Foreign Corrupt Practices Act (FCPA)

The Canadian Corruption of Foreign Public Officials Act (CFPOA)

Investigate Corruption Cases

Providing deep insights to MLROs into corruption indictments and related verdicts across 235+ countries. By concentrating on corruption cases and indictments, AML Watcher's Corruption Monitor equips compliance officers with unique insights, keeping them informed and prepared to meet global compliance requirements.

Monitor Corruption Index

Explore Global Corruption scores and ranks of 180+ countries. AML Watcher’s Corruption Index provides compliance officers with unique and robust tool to measure and monitor worldwide corruption in compliance with current legal requirements such as the Foreign Corrupt Practices Act (FCPA), the Bribery Act and the Canadian Corruption of Foreign Public Officials Act (CFPOA), ensuring transparency and compliance.

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FAQs

Frequently Asked Questions

AML screening rules are regulatory guidelines that mandate the process and requirement of screening, assessment, and management to prevent money laundering and financial crimes.

As the corruption ranking keeps changing, AML surveillance involves continuous/ ongoing risk monitoring to track, identify, and prevent new corruption patterns and trends.

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