Regulator cites at least $16bn in alleged illicit flows linked to sanctions evasion and cybercrime

Fragmented monitoring leaves financial institutions exposed to financial crime risks

Fresh scrutiny of lender’s compliance controls as penalty hits Q3 earnings

Regulators cite systemic weaknesses after bank failed to adequately report around $13bn in suspicious activity

Round raises prediction-market platform’s valuation by 40% as it expands its regulated US business

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