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.
Australia’s financial crime watchdog says AI is making money launderers’ jobs easier. In a report issued Tuesday (May 12), the Australian Transaction Reports and Analysis Center (AUSTRAC) said the...
FIS and Anthropic have developed a Financial Crimes AI Agent and plan to build additional artificial intelligence agents for bank-grade operations. The companies built the...
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. The Financial Action Task Force (FATF) released an assessment Thursday (April 23) of the Italian...
Embedded finance firm Synctera has acquired compliance startup Cable. The deal, announced Tuesday (April 14), is designed to complement Synctera’s offerings in compliance areas such as know your customer (KYC)....
The Treasury Department’s Financial Crimes Enforcement Network (FinCEN) and three federal financial regulators proposed rules Tuesday (April 7) that they said will modernize their anti-money laundering and countering...
Bad bots used to be a nuisance. They had weird names like YissouSpider and Yandex. They were something for cybersecurity teams to tune out with...
Watch more: Digital Shift With Flagright’s Madhu Nadig Scale is fast becoming a central challenge in financial crime compliance. As digital payments expand and real-time...
The U.S. Treasury thinks that the current problem with crypto is its opacity, not its existence. A new policy report released to Congress from Treasury...