AMLYZE has introduced AMLTRIX, an open knowledge initiative designed to standardize the fight against money laundering through a structured framework of tactics, techniques and risk indicators. The platform aims to address the estimated $800 billion to $2 trillion laundered annually worldwide.
The open-source initiative, which the described as the world’s first AML knowledge graph, enables banks, fintechs, regulatory bodies and technology providers to collaborate more effectively. It has already attracted attention from regulatory institutions, including the Central Bank of Ireland and the Bank for International Settlements, AMLYZE said in a news release.
“AMLTRIX is not just another compliance tool. It’s a movement toward a smarter, more connected AML community,” said Gabrielius Erikas Bilkštys, CEO and co-founder of AMLYZE. “By developing a standardized framework, we are empowering financial institutions to fight financial crime with unprecedented efficiency and clarity.”
