Tag: financial crime

The US Securities and Exchange Commission (SEC) has fined Bank of America's Merrill Lynch business $7.5m after finding the firm failed to file numerous...

Salv has become a Supporting Member of the Global Anti-Scam Alliance (GASA), joining a worldwide coalition of banks, technology firms, regulators, law enforcement bodies...

ABN AMRO has been handed an administrative fine of €8.5m by De Nederlandsche Bank (DNB) after the regulator uncovered structural weaknesses in the way...

Tangos AI, an autonomous AI platform for financial crime investigations, has secured $20m in seed funding as it looks to tackle one of compliance's...

South Africa loses an estimated R100bn a year to financial crime, yet the institutions meant to stop it still work in silos. Organised crime...

Regulated businesses are under mounting pressure to prove that AML compliance is continuous, evidenced and proportionate to risk. Regulators worldwide, including the FCA and...

The fraud landscape confronting UK FinTechs has transformed dramatically, with synthetic identity fraud, account takeover attacks, mule accounts and AI-generated documentation now commonplace. Yet, according...

There is no shortage of talk about AI in financial crime compliance. Boards demand it, vendors promise it and regulators are paying closer attention....

Hawk, a provider of AI-powered financial crime and compliance technology, has expanded its global partner programme as financial institutions look to accelerate the adoption...

Chinese money laundering networks (CMLNs) are no mystery to the financial crime community, yet the money keeps moving. According to research from Consilient, which recently...