Leonardo Correa
About Leonardo Correa
Leonardo Correa is the Head of AML and Compliance at Ziina, where he leads the development of compliance strategies and ensures adherence to AML regulations.
Title and Role at Ziina
Leonardo Correa serves as the Head of AML and Compliance at Ziina. His primary role involves spearheading the development of compliance strategies and policies. He works closely with various teams and partners to ensure adherence to Anti-Money Laundering (AML) regulations. He continually faces challenges such as keeping up with evolving regulations, managing an effective customer risk assessment program, and staying ahead of financial crimes.
Experience with AML Processes
Prior to integrating Flagright's platform, Leonardo Correa managed traditional manual processes and separate tools for AML compliance and fraud prevention. These methods were time-consuming and resulted in a high rate of false positives. The transition to Flagright's platform has provided transformative effects on operations at Ziina, specifically in areas such as customer risk assessment and risk-based transaction monitoring.
Impact of Flagright's Platform
Leonardo Correa attributes significant improvements in Ziina's compliance processes to Flagright's platform. He appreciates the platform's responsiveness to feedback and feature requests, highlighting Flagright's commitment to making their tools user-friendly. The implementation has streamlined compliance activities and enhanced overall risk management, reflecting a substantial operational shift.
Future of AML Compliance and Fraud Prevention
Leonardo Correa envisions the future of AML compliance and fraud prevention to be heavily influenced by technology. He supports the use of automated, smart systems like Flagright's, which are essential for efficient compliance and fraud prevention. He advises other fintech companies or neobanks considering such solutions to prioritize regulatory compliance and fraud prevention to build and maintain industry trust.