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.
On a surface level, community banking and artificial intelligence (AI) can seem like something of a mismatch in concept. Community banking is all about relationship-lending...
Although new rules to combat money laundering in the European Union took effect this week, there are already calls for more reforms after a series...
The idea remains as simple as ever: Put down money on a team or athlete because of fandom, a hunch or a considered view, and...
Bank of America is being sued for $120 million after failing to flag large deposits into small accounts, which were cleared a few days later....
For everyone in the world except the U.S. (and even for some sports fans within the U.S.), it’s football season. The World Cup is well...
South Korea’s Financial Services Commission (FSC) has updated its anti-money laundering rules by requiring domestic banks to monitor all of the accounts held by cryptocurrency...
As the world continues its path to becoming more digital, risks are increasingly finding their way into transaction processes, and that calls for a different...
BitTorrent may be sold to blockchain firm TRON for the price of $140 million, The Next Web reported. According to reports, shareholders have not signed...
IdentityMind Global, the AML transaction monitoring company, announced on Wednesday (June 20) the launch of IdentityMind 2.0, which the firm is calling a new generation...