Guides & Downloads

Financial institutions implementing AI in compliance often face concerns about trust, accuracy, and regulatory acceptance. Without proper safeguards, AI can introduce more risks than it mitigates, making explainability and security essential for auditors and regulators. Luci, Lucinity’s Generative AI copilot, addresses these challenges by leveraging Retrieval-Augmented Generation (RAG) to ground outputs in real-time data, combined with rigorous testing and validation for accuracy and reliability. With proven success in live customer deployments, Luci delivers AI-powered compliance solutions that are safe, efficient, and audit-ready. Download our guide to learn how you can implement AI in compliance securely and with confidence.

Published by 1LoD and sponsored by Lucinity, this report emphasizes the cautious adoption of AI and machine learning to enhance financial crime management while retaining human intuition for complex cases. It advocates for a proactive approach through scenario planning and robust data governance to build an effective risk management foundation. The report highlights the importance of harmonizing regional and global regulations and integrating technology with skilled human teams.

As financial institutions prepare for 2024, Lucinity highlights seven pivotal trends that are reshaping the industry. With rapid technological evolution and complex geopolitical shifts, the risk landscape for financial crime is becoming increasingly intricate. This report provides an in-depth analysis of emerging threats and suggests innovative strategies required for effective FinCrime prevention.

Public-Private Partnerships (PPPs) bring together governments, regulators, and private entities to address financial crime more effectively. This infographic outlines how these collaborations improve intelligence sharing, enable the use of advanced technologies, and support global cooperation. With examples such as AUSTRAC’s Fintel Alliance and the UK’s JMLIT, it demonstrates how PPPs contribute to stronger compliance efforts, better resource use, and improved approaches to tackling financial crime.

The most significant regulatory fines across industries provide a stark reminder of the critical need for strong compliance frameworks and ethical business practices. This infographic highlights landmark cases, including multi-billion-dollar fines, and their profound impact on reshaping global compliance standards. From failures in AML oversight to breaches in customer due diligence, these cases underscore the value of proactive risk management and adherence to regulations. Let these lessons guide organizations toward building robust governance structures and avoiding costly mistakes.

This infographic highlights how AI copilots improve case management by automating tasks, ensuring regulatory compliance, and providing actionable insights. These tools simplify complex data into clear summaries, streamline operations across industries, and integrate seamlessly with existing systems. With robust security features and cost-saving benefits, AI copilots support smarter decision-making and more effective compliance efforts.

When upgrading your financial crime prevention software, it is important to choose the right approach for your organization. Financial institutions face a critical decision: to purchase a ready- made, off-the-shelf solution or develop a bespoke system in-house.

This infographic compares the pros and cons of each approach, starting with the motivations behind updating compliance technology.

This infographic compares SaaS (Software as a Service) and traditional Legacy FinCrime Prevention Software, highlighting their features, adaptability, and effectiveness against financial crime. Discover the key considerations to keep in mind when moving from legacy to SaaS software.

This infographic demystifies FIUs, offering a clear view of their role, how they collaborate with reporting entities, law enforcement, and government bodies, and the specialized skills and tools analysts within FIUs utilize to investigate financial crime.

Financial Intelligence Units (FIUs) are specialized government agencies focused on receiving, analyzing, and disseminating information related to money laundering, terrorist financing, and economic offenses. Their crucial role in global financial regulation involves collaborating through networks like the Egmont Group, uniting 170 FIUs worldwide. The infographic highlights the purpose of FIUs and the global system of FIUs.

Get firsthand insights from Billy himself! In this Q&A document, Lucinity engages in a candid conversation with Billy Pinder, Head of Transaction Monitoring at Currencycloud, shedding light on his experiences collaborating with the Lucinity team. Discover the invaluable benefits reaped from harnessing Actor Intelligence and delve into the remarkable journey of Currencycloud as it continues to optimize its FinCrime prevention endeavors. Download the document to gain deeper insights into this enlightening discussion.

This comprehensive report produced by the Bank of International Settlements (BIS) Nordic Innovation Hub and Lucinity explores the power of data, technology, and collaboration to combat cross-border money laundering. The report expands on the array of technologies employed in the project's proof of concept, including synthetic data generation, machine learning techniques, privacy-enhancing technologies, as well as collaborative analysis and learning methodologies.

Lucinity delves into the evolving landscape of financial crime and compliance, shaped significantly by rising geopolitical tensions among global powers like the United States, Russia, and China. These dynamics are set to strongly influence the compliance agenda in 2023, heralding an era of increased regulatory scrutiny and tightening measures. Our expert analysis outlines the anticipated key trends for the coming year, offering a forward-looking perspective for financial crime prevention professionals.