Case Study: Lumon tackles money laundering risks with ComplyAdvantage

Lumon deploys new AML rule sets in 48 hours with ComplyAdvantage

Lumon, a provider of overseas payments and foreign exchange services, faced the challenge of managing financial crime risk and remaining compliant with evolving regulations like 5AMLD. To address this, they partnered with ComplyAdvantage for its customer screening, monitoring, and transaction monitoring solutions.

ComplyAdvantage implemented its AI and machine learning-powered solutions, which provided Lumon with automated, accurate data and a single API for centralized operations. This partnership delivered significant results, most notably allowing Lumon to develop and deploy new rule sets to combat emerging fraud typologies in just 48 hours. This gave Lumon greater control over its financial crime risk management framework and improved operational efficiency.

Lumon