Tag: transaction monitoring

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...

Financial institutions can no longer debate whether to replace ageing financial crime compliance systems, only when and how, according to a new buyer's guide...

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....

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...

Financial crime compliance has passed through three distinct eras. First came human-led investigation, then rules-based automation, and now a third wave is beginning to...

Financial institutions are pouring resources into AI for anti-money laundering, but according to Napier AI, the technology is only as good as the systems...

Something quietly broken sits at the heart of financial crime compliance at most major banks: the screening systems are working perfectly, and that is...

Modern Treasury, a payments operations platform, has announced a partnership with fraud prevention specialist Sardine to bolster transaction monitoring and fraud detection for businesses...

Compliance officers have long operated in a world of too many systems and too little time. Transaction monitoring sits in one platform, KYC data...