Tag: FinCEN
Why more AI alerts could mean better AML, not worse
Napier AI's Michael Joseph attended a recent ACAMS New Jersey chapter discussion on the shift from threshold-based transaction monitoring (TM) to AI-driven systems, alongside...
Napier AI: detection, not efficiency, is AML’s real test
Napier AI has weighed in on one of the thorniest debates in financial crime compliance: the gap between what artificial intelligence can theoretically do...
UBS hit with $8m CFTC fine over AML monitoring gaps
UBS Financial Services has been ordered by the Commodity Futures Trading Commission to pay an $8m civil monetary penalty over failures to properly supervise...
Why weak data quietly breaks AML risk scoring models
When alert queues grow faster than compliance teams can handle, genuine financial crime risk can vanish into the noise. According to ComplyAdvantage, the root...
Why structuring remains AML’s hardest problem to spot
Large cash transactions are easy to spot. But a series of smaller transactions spread across days, branches or accounts can be far harder to...
Why $300bn in laundering still slips past bank AML controls
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...
RIAs face day-one AML scrutiny under new FinCEN rule
Registered investment advisers in the US have officially entered a new regulatory era. FinCEN's landmark anti-money laundering rule came into force on 1 January...
FinCEN’s AML shake-up: why AI compliance must deliver
For decades, passing a US anti-money laundering (AML) audit meant proving a programme existed. Write the policies, appoint the officer, train the staff, complete...
Why FinCEN’s new rule puts manual KYB on notice
On 7 April 2026, the Financial Crimes Enforcement Network (FinCEN) issued a Notice of Proposed Rulemaking that would substantially overhaul anti-money laundering (AML) and...
BOI reporting in 2026: what compliance teams must know
The rules governing beneficial ownership information reporting have undergone a dramatic transformation since the Corporate Transparency Act (CTA) came into force — and compliance...
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