Tag: US Department of the Treasury

FinCEN reform puts AI at the heart of AML/CFT compliance

The US Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) published a Notice of Proposed Rulemaking (NPRM) on 7 April, setting out sweeping...

Can federated AI outsmart Chinese laundering networks?

Despite major investments in compliance and artificial intelligence (AI), financial institutions continue to face major challenges in detecting and preventing illicit financial flows. Chinese...

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