Tag: AML

Fraud proceeds rarely remain in the account where they first arrive. Money stolen through scams, account takeovers and payment fraud can be transferred through...

Banks and financial institutions are rushing to layer AI onto compliance operations that were never built to support it, according to identity verification and...

Many organisations believe their financial crime risk assessment is working simply because it gets done every year. The routine is well rehearsed. Spreadsheets are...

Banks have long borne the brunt of regulatory scrutiny over anti-money laundering (AML) controls, but life insurers handling large premiums are increasingly attracting the...

Payments firm Altery has cut due diligence investigations from hours to minutes, reduced false positives and absorbed rising onboarding volumes without adding compliance staff,...

As generative AI makes biometric spoofing cheaper and faster, identity verification firm Identomat says liveness detection has moved from optional add-on to essential defence,...

For financial institutions, the biggest sanctions risk may not be the names already on official lists, but the ones that have not been added...

Financial crime investigators are employed to investigate. In practice, much of their working day goes on something else: trawling through systems, gathering data, compiling...

Financial institutions racing to embed AI into their compliance operations face a stubborn problem: the technology does not always give the same answer twice....

Chargebacks and refunds have traditionally been treated as separate fraud and operational issues, but repeated payment reversals can reveal patterns that extend beyond individual...