Anti-money laundering (AML) refers to a set of laws, regulations, and procedures intended to prevent criminals from disguising illegally obtained funds as legitimate income. Though anti-money-laundering laws cover a relatively limited range of transactions and criminal behaviors, their implications are far-reaching.
Two lawmakers have asked the Financial Crimes Enforcement Network (FinCEN) to ensure that reducing unnecessary compliance burdens and prioritizing high-risk financial crimes in its enforcement...
Flagright raised $12.5 million in a Series A funding round to increase the capabilities and adoption of its artificial intelligence operating system for financial crime...
Wise is facing an investigation in Europe related to possible criminal usage of its services. Get the Full Story Complete the form to unlock this article...
For decades, catching financial crime meant hiring more people to review more alerts. Most of those alerts turned out to be nothing. Get the Full...
Australia’s financial crime watchdog says AI is making money launderers’ jobs easier. Get the Full Story Complete the form to unlock this article and enjoy...
FIS and Anthropic have developed a Financial Crimes AI Agent and plan to build additional artificial intelligence agents for bank-grade operations. Get the Full Story...
A Wednesday (April 22) hearing on sanctions and illicit finance placed the machinery of anti-money laundering (AML) under scrutiny, as lawmakers and Treasury officials examined...
A global financial crime watchdog wants Italy to get tougher on money laundering. Get the Full Story Complete the form to unlock this article and...