How can you be sure your company isn’t doing business – albeit advertently – with a criminal organisation? Illegal financial transactions and money laundering amount to between 2% and 5% of global GDP every year. And although in general, businesses’ ability to spot financial crime has improved considerably in recent years, it still falls woefully short of what’s needed. Which means you could be helping to promote money laundering and other illegal activities without even knowing. Unfortunately, monitoring and assessing organisational financial crime compliance – particularly in businesses with an international footprint – is often expensive, complex and time-consuming. And because the threats businesses face today are dynamic and fast-moving, it’s tricky for organisations to protect themselves, and their customers, against the devastating effects of financial crime - while also ensuring they keep up to date with ever-changing regulatory compliance. So, how can you manage these compliance demands cost-effectively while still maintaining a robust focus on your core business objectives? The answer lies in financial crime solutions that mitigate, prevent or uncover money laundering activities without affecting the smooth running of your business. Which is why AML software is so crucial, to detect, manage and prevent financial crimes and other fraudulent activities. AML software forms the backbone of the Rahn Financial Crime Compliance Platform and is deployed amongst our clients in the finance, legal, and commerce sectors, helping them ensure the right regulatory requirements are properly met. Underpinning the design and development of this Platform is the understanding that data is one of the major issues that must be addressed for financial crime compliance systems to be effective. Contact us at info@rahn.co.za for more information or connect with us here on LinkedIn.