Tookitaki

49% of terrorism-related Suspicious Transaction Reports (STRs) in the Philippines are tied to remittances. Even more concerning is that 91% of these cases involve funds coming in from other countries, making the Philippines a hub for terrorism financing. The experts at the AFC Ecosystem have analysed various publications from the AMLC since 2021. The result? A whitepaper packed with insights that go beyond the surface. The experts have conducted a detailed analysis of the five major predicate offences impacting the Philippines. What’s inside? ➡ A deep dive into the Philippines’ financial crime landscape, spotlighting high-risk areas like terrorist financing, OSEC, and money mule activities. ➡ Typologies that you can implement right now to protect your operations. Visit the AFC Ecosystem page to learn more and get your own copy: https://lnkd.in/gHUYkAff #FinancialCrime #AML #Compliance #Philippines #TerrorismFinancing

➡️ Reflecting on #GFF2024: Key Insights #GFF2024 was insightful and fun! We connected with industry leaders, explored emerging trends, and tackled pressing challenges in the BFSI sector. These are the key issues we identified from our various conversations: 👉 Money Mules: This constant and recurring challenge significantly impacts the integrity of financial systems. 👉 Customer Onboarding with Limited Data: Onboarding customers, especially when dealing with minimal data from Aadhaar and PAN details, demands innovative solutions. 👉 Evolving Fraud Tactics in High-Risk Corridors: The rapid evolution of fraud tactics, such as smurfing, particularly in high-risk remittance corridors like the UAE, Saudi Arabia, and Qatar, poses significant threats. 👉 Merchant Chargebacks: The challenges associated with chargebacks on behalf of merchants highlight the need for robust dispute resolution mechanisms. 👉 Shell Companies and Other Illicit Entities: The challenges related to shell companies and shelf companies underscore the importance of enhanced due diligence and cross-border collaboration. 👉 Regulatory Compliance Complexities: Managing foreign exchange regulations across multiple jurisdictions and adhering to Know Your Customer (KYC) norms in different countries add to the complexities and high costs of AML compliance processes. More details here https://hubs.la/Q02NlfKG0 These challenges fuel our drive to innovate and protect the industry. What challenges did you observe at #GFF2024? Let’s continue the conversation!

That’s a wrap on #GFF2024! 🎉 What an eventful three days it’s been! We captured some amazing moments—check out the highlights below. A big thanks to everyone who stopped by our booth and made this event unforgettable. Until next time! #GFF2024 #Fintech #AML #TransactionMonitoring #Tookitaki #AFCEcosystem

Day 2 at #GFF2024 has been nothing short of amazing! We’ve captured some epic moments from today—swipe through and see if you can spot yourself in the action! 📸 #GFF2024 #Fintech #AML #FinancialCrime #India #Tookitaki #AFCEcosystem

🚀 The energy at our booth today is electrifying! We’re thrilled to see such a fantastic turnout and engage in insightful discussions with industry leaders. One topic that's really capturing attention is how our FinCense solution is tackling complex fraud scenarios like syndicated fraud, account takeovers, and money mules—especially in the context of cross-border payments. The excitement around how FinCense leverages the broad reach of our AFC Ecosystem to mitigate these risks is palpable. Our solution is proving to be a game-changer in the fight against money laundering and fraud. Stay tuned for more updates from the event! If you’re at GFF, come visit us and have an engaging conversation! We’re at Booth YI8, Jasmine Hall 1, 3rd Floor, Jio World Convention Centre, Mumbai. See you there! #AML #FraudPrevention #FinancialCrime #GFF #GFF24 #GlobalFintechFest #India #Tookitaki

We’re all set and ready to go at #GFF2024 in Mumbai! 🎉 Our booth is up, and we’re excited to meet everyone. Whether you’re curious about the latest in financial compliance or just want to chat about what’s next in fintech, we’re here for it. Come by Booth YI8, Jasmine Hall 1, 3rd Floor, Jio World Convention Centre, and let’s catch up! #GFF2024 #Fintech #Innovation #AML #CFT #Tookitaki

We’re sharing an essential update from the AFC Ecosystem on a serious issue—Exploitation of Vulnerable Children in Online Sexual Abuse and Trafficking Schemes. Key Takeaway: The experts at the AFC Ecosystem have provided a detailed analysis of how criminal networks exploit financial systems—traditional banks, digital banks, e-wallets, and cryptocurrencies—to fund and conceal their operations. Most importantly, they have outlined specific red flags that financial institutions should monitor, including: 🔹Transactions with high-risk counterparties. 🔹Unusual transactional activities. 🔹Frequent changes in KYC details. This typology is a crucial resource for compliance professionals and financial institutions aiming to strengthen their defences against such heinous crimes. Here is the link for more details: https://hubs.la/Q02MMTHH0 #AML #Compliance #FinancialCrimePrevention #HumanTrafficking #OSEC

Just two more days to go! We’re thrilled to be part of the Global Fintech Festival once again, and we can’t wait to showcase the latest innovations Tookitaki has brought to the fight against financial crime. Meet the Tookitaki Team: 🔹 Rohan Patil - Head of Sales 🔹 Nikhil Mittal - Head of Marketing and Partnerships 🔹 Anup Gunjan - Director, Product Marketing 🔹 Shreyas Prakash - Senior Business Development Representative Swing by our booth to say hi, chat about how we can support your compliance needs, or simply make new connections! Event: Global Fintech Festival 2024 📅 Date: 28th - 30th August, 2024 🏢 Venue: Booth YI8, Jasmine Hall 1, 3rd Floor, Jio World Convention Centre, Mumbai Don’t miss out—pre-book your meetings for a live demo of our #FinCense platform: https://hubs.la/Q02MtQKZ0 See you there! #AML #FraudPrevention #FinancialCrime #GFF #GFF24 #GlobalFintechFest #India #Tookitaki

🎉 We're thrilled to announce that Jeeta Bandopadhyay, Co-founder and COO of Tookitaki, has been named a Fintech Nation Top Leader 2024 in the “Women Board Members” category! 🚀 Fintech65 honours and recognises industry trailblazers like her, who drive Singapore’s fintech industry forward with their vision, leadership, and innovation. A big shoutout to her for this incredible achievement and for leading Tookitaki to new heights! A special thanks to Fintech Nation for this recognition. #FintechNation #WomenInFintech #Leadership #Tookitaki

75% of the money laundering threats identified in Singapore’s 2024 Money Laundering National Risk Assessment (NRA) are already addressed by the AFC Ecosystem’s existing typologies. What’s this about? Our AFC team has meticulously analyzed over 40 real-world cases and distilled their findings into a concise, no-nonsense whitepaper—an invaluable resource for compliance professionals. What’s inside? In-depth analysis of case studies, highlighting the top threats and red flags. Detailed mapping of typologies to the red flags in each case study. To download the whitepaper, check out the link below. #AML #Compliance #FraudPrevention #Singapore