Refine’s AML Insights and Predictions for 2024

The landscape of Anti-Money Laundering (AML) is constantly evolving, shaped by new regulations, technological advancements, and shifting economic trends. As we step into 2024, it’s crucial to stay ahead of these changes. 

We’ve compiled three insightful prediction videos from leading experts in the AML space (who all happen to work at Refine ;), offering a glimpse into what the future may hold. Each video provides a unique perspective on the challenges and opportunities that lie ahead in AML for consumers, businesses, and compliance teams.

Uri Rivner’s Perspective on Consumer and Small-Business Banking Challenges

In our first video, Uri Rivner, our CEO, addresses a significant issue that has affected many consumers and small-business owners — unexpected exits from their banking services. This topic has gained extensive coverage, particularly in a series of impactful articles by Ron Lieber and Tara Siegel Bernard of the New York Times. Uri predicts a shift in how banks manage these customer relationships in 2024, balancing risk minimization with the retention of good customers. Watch Rivner share his detailed insights in the video below.

Rio Miner’s AML Insights on Changing Interest Rates

Our second video features Rio Miner, Head of Intelligence, discussing the potential impact of decreasing interest rates on AML and compliance. As lower rates could lead to an influx of new businesses and home purchases, Rio anticipates a corresponding increase in transaction monitoring alerts. This video talks about how AML teams might navigate these challenges in the coming year.

Ayana Murphy on Agile AML Operations

In our final video, Ayana Murphy, an AML and cryptocurrency expert and our Director, Global Advisory, delves into the need for agility in AML operations in 2024. Ayana highlights how emerging trends in online engagement and digital payment methods, including shifts in the gig economy and post-pandemic travel spending, will require AML teams to adapt swiftly. Her insights are crucial for understanding the evolving landscape of money management and its implications for AML. Watch Ayana’s compelling analysis in the video below.

For more information about how Refine Intelligence can help your AML team stay ahead of these trends, reach out to us for a demo.