Tag: Anti-Money Laundering

American Express has been ordered to pay a $350m penalty by US regulators after its AML safeguards allowed roughly $13bn in suspected illicit activity...

RiskSmart has moved into professional football through a referral agreement with Lagom Sports Compliance, a specialist GRC and anti-financial crime advisory focused solely on...

As financial institutions lean more heavily on AI to support compliance decisions, a pressing question is emerging: can they prove how those decisions were...

When banks fail to stop money laundering, fraud or sanctions evasion, the coverage usually centres on penalties, technology gaps and broken processes. What rarely...

Blackdot Solutions, a provider of intelligence and investigations software, has joined forces with Opoint, a worldwide media intelligence and news data firm, to feed...

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...

Anti-money laundering (AML) teams are under growing pressure to process more alerts and investigations without proportionally increasing headcount. Automation can help relieve that burden,...

Financial crime risk assessments are frequently treated as technical exercises built on structured frameworks, scoring models, control inventories, residual risk calculations and data analysis. According...

As artificial intelligence spreads across financial services, a growing argument suggests that opacity is not only unavoidable but sometimes desirable, a way to protect...