Banks and financial institutions hit hard by soaring anti-money laundering fines

The Anti-Money Laundering Act of 2020 marks a sweeping change in AML legislation

The financial sector has always had a target on its back

From rule-based systems to explainable AI, financial institutions continue to advance their fraud prevention systems

OCC, Federal Reserve, CFPB, FDIC, and NCUA are seeking input from banks and other stakeholders

Pandemic sees increase in amount lost to fraud, according to new data

Data indicates that global crises like COVID-19 present a ripe environment for spikes in financial crime

How leveraging more data and advanced analytics can help financial institutions sharpen their transaction monitoring programs and aid law enforcement

The surprising releases of information from Suspicious Activity Reports (SARs) that were filed with the Financial Crimes Enforcement Network have sent shockwaves through the financial industry

This past weekend, a bombshell report found that major global banks have “defied money laundering crackdowns by moving staggering sums of illicit cash for shadowy characters and criminal networks..."