Tag: SARs

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

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...

Fraud no longer arrives as a single, obvious red flag. It travels through everyday payments, often disguised as legitimate activity, and that makes it...

Artificial intelligence is quickly emerging as a priority investment area for financial crime teams, especially in anti-money laundering. Napier AI recently gathered industry practitioners...

Fentanyl is one of the most lethal narcotics in circulation, and the funds that sustain its trade often slip past traditional financial crime controls....

Tax evasion remains one of the most costly crimes in the global financial system, depriving governments of an estimated half a trillion dollars every...

In many banks, anti-money laundering (AML) alerts are handled in the order they’re received, not by the level of risk they represent. This outdated...

As financial crime grows more complex and voluminous, traditional AML systems are struggling to keep up. In 2023 alone, financial institutions in the US...

On December 3, 2024, the enforcement of the CTA was halted by a nationwide preliminary injunction, casting doubt over its future implementation. According to Moody's,...

Deutsche Bank Securities, a subsidiary of Deutsche Bank AG, has been fined $4m by the SEC for its failure to file certain SARs in...