CaseWare RCM Inc.

CaseWare Analytics is home to CaseWare Monitor, a continuous controls monitoring platform. Our software enables compliance professionals to assess risk, gather evidence, uncover trends, identify issues and .provide the information to make informed decisions, ensure compliance and avoid damages.

Company Insights

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From the ground up: Building a compliance analytics program

20th September 2018

In the fight against financial crimes, today’s organizations must focus on building compliance programs that are increasingly driven by analytics. While PwC’s Global Economic Crime and Fraud Survey 2018 indicates that 42 percent of companies have increased their spending over the past two years to combat financial crime (an increase of...
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Casinos - don’t gamble with your AML program

23rd July 2018

Casinos and other gaming establishments from across the globe are increasingly facing the consequences of failing to comply with anti-money laundering (AML) regulations and to maintain effective compliance programs. In British Columbia, Canada, River Rock Casino’s business practices—including accepting C$13.5m in cash in only one month,...
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Why working in silos is a killer when battling financial crimes

26th March 2018

The term ‘financial crimes’ often brings to mind issues such as fraud, lottery scams or credit card skimming, but today there are far-reaching crimes that many fail to consider. This includes money laundering, human and drug trafficking, the financing of terrorism, and the bribery of public officials, all of which are much broader...
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Protecting from Ponzi: Tips for detecting shady schemes

3rd January 2018

Since money has existed, there have been people devising ways to defraud others. A Ponzi scheme is one of the oldest forms of fraud, and continues to be rampantly active today. Built on a simple concept, Ponzi schemes are financial crimes that involve an unscrupulous person exploiting individuals by promising them a high return on their...
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Advanced analytics: A primer for AML compliance professionals

16th November 2017

"Advanced analytics” along with words like machine learning, artificial intelligence (AI), supervised and unsupervised techniques, and anomaly detection have quickly become buzz phrases in the anti-money laundering (AML) compliance sphere.  But what, exactly, do these terms mean, and how do we use these technologies to improve our...
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The rise of goAML reporting and the impact of data quality

18th September 2017

As of June 2017, all reporting entities in Ireland are required to submit their regulatory reports, such as suspicious transaction reports (STRs), electronically to the Irish Financial Intelligence Unit (FIU) using the goAML portal. This is part of a global trend where regulators are standardizing reporting platforms, and represents a significant...
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The time has come for MSBs to get serious about their AML compliance programs

11th July 2017

In a previous era money services businesses (MSBs) could be lax about diligently fulfilling anti-money laundering (AML) requirements. Regulators were much more interested in the banking sector, and focused their attention on cracking down on the failures of those businesses. But times are changing. As MSBs and fintech companies continue to...
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How “de-risking” is changing the face of AML compliance programs

18th April 2017

The last decade has brought with it sweeping changes to the financial industry that has made it increasingly difficult and costly for banks, money services businesses (MSBs) and other financial institutions to fulfill their anti-money laundering (AML) compliance requirements. Under pressure from executives, board members, and regulators alike, many...
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PEPs screening best practices: The impact of increased regulations

27th January 2017

The topic of politically exposed persons (PEPs) is making headlines more frequently as global efforts to reduce money laundering increase. Institutions such as the Sonali Bank have made news for failing to perform sufficient customer due diligence—including failure to identify PEPs—leading to the UK arm of the bank being fined more than...