It is striking that 40% have no plans to adopt AI/ML in the near future
The Financial Conduct Authority has fined Metro Bank £16.7 million
Global economies can use AI to prevent and detect money laundering and terrorist financing
Despite their efforts and technological investments, banks cannot fight fraud on their own
ICBA says rules for reporting suspicious activity reduces community bank’s ability to attract capital
Toronto Dominion Bank could face fines of $4 billion relating to money laundering charges in the United States
Discussed the common challenges anti-fraud professionals face in the generative AI age
Banks spend 10 times the regulator’s estimates when filing a suspicious activity report
Nasdaq recommends closer collaboration between banks to prevent financial crimes
Over $3 Trillion of illicit funds went through the banking system last year
