Trade surveillance and market risk solution platform Eventus has launched a new anti-money laundering product aimed at combatting financial crime.
Validus AML (VAML) is an end-to-end solution that combines a signals-based approach to behavior detection, rules-based logic and data analytics, representing Eventus’ first major expansion into the AML solutions market. Functionality is expected to be rolled out in phases over the course of 2023, the company said in a news release.
“Firms operating in traditional financial markets and digital assets alike are facing greater challenges than ever to protect themselves from those presenting a risk to their businesses and reputations, along with their standing with government regulators,” Eventus CEO Travis Schwab said in the news release. “Validus AML reimagines what an anti-money laundering program can do, reflecting a paradigm shift from traditional alert-focused solutions and taking the burden off compliance teams. We’re excited to introduce our flexible new solution, offering the ability to easily adapt to increasingly complex local, regional and global AML regulatory requirements and to keep pace with evolving business risk across geographies, business lines and client profiles.”
