Elke Biechele Presents the Marriage of Tech and Investigation for The Law Society of Singapore.

Educating the legal and law enforcement community on the latest investigation tools is a mission that RisikoTek has much experience with. Over the years RisikoTek has spoken at universities,  business seminars and even provided workshops for Interpol. 

September 29th afforded the latest opportunity in RisikoTek’s quest to make a difference. The Law Society of Singapore hosted a 3 hour long webinar event centered on the topic of anti-money laundering (AML) legislation and investigation. This topic is critical for the legal establishment. 
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Recently there have been several prosecutions which not just target the organized crime behind the money laundering schemes, but also law firms, banks and other financial institutions that are not performing enhanced due diligence when signs were there to do so (RisikoTek has posted several examples on social media). There are fines being levied, and in some instances lawyers go to jail or worse!

The added dimension of increased and more intense international sanctions enforcement activities further adds to the strain on legal resources to fully comply with due diligence work at law firms. For this reason technology is fast becoming popular with law firms. 

Because of advances in investigation technology, there are added benefits to law firms in the reduction of costs associated with performing due diligence. These same advances also provide law firms with a means to increase revenue with more client work because they can execute due diligence tasks much faster. 

RisikoTek is the financial crime investigation technology leader in Singapore. Its award winning AMALIA software and network builder were demonstrated to webinar participants so that they could grasp the power of modern financial investigation tools.

Elke Biechele walked participants through a real world example of enhanced due diligence using the RisikoTek technology. In a matter of minutes, she was able to isolate how a relatively innocent sounding company wound up being part of the extended network of Vladimir Putin (a sanctioned individual).

RisikoTek would like to thank The Law Society of Singapore for affording us the opportunity to provide quality knowledge to their membership. It can seem like a challenging time for lawyers involved with due diligence and international trade, but by enlisting the technology of RisikoTek, the work can be done more efficiently and with considerably less cost. Like in most things these days – technology can be a huge friend. 

Please contact us for more information and a free demonstration of this technology. Whether you are already working with some technology or not,  a RisikoTek professional can quickly evaluate whether our technology will benefit your processes or not.