Tag: FinCEN

Know Your Business (KYB) is the process of confirming that a company is legally registered, genuinely exists, and is controlled by people who are...

Fraud monitoring has shifted from a discretionary control to a core prudential and conduct requirement across every major regulatory jurisdiction. Financial institutions that fail...

Investment firms have long sold trust as their core product, but generative AI is now testing that promise from every angle. According to ComplyAdvantage,...

FinCEN and the federal banking agencies have proposed a rule that could reshape how banks think about experimenting with new anti-money laundering technology, and...

One of the biggest new US anti-money laundering reporting regimes has effectively just been dismantled, after FinCEN finalised sweeping changes to the Corporate Transparency...

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 has weighed in on one of the thorniest debates in financial crime compliance: the gap between what artificial intelligence can theoretically do...

UBS Financial Services has been ordered by the Commodity Futures Trading Commission to pay an $8m civil monetary penalty over failures to properly supervise...

When alert queues grow faster than compliance teams can handle, genuine financial crime risk can vanish into the noise. According to ComplyAdvantage, the root...

Large cash transactions are easy to spot. But a series of smaller transactions spread across days, branches or accounts can be far harder to...