Ensuring high-quality standards in any organization is an essential ingredient that must be rooted within a company’s Quality Management Program (QMP) – a program that creates a framework to ensure ...

Fenergo, the provider of digital solutions for know your customer (KYC), transaction monitoring and client lifecycle management (CLM), announced that Caribbean-based PROVEN Bank is deploying Fenergo’s ...

Switching from a legacy Anti-Money Laundering (AML) transaction monitoring system to a modern platform is a complex project that requires careful planning. Below are key best practices to ensure a ...

HOBOKEN, N.J.--(BUSINESS WIRE)-- NICE Actimize, a NICE (NASDAQ: NICE) business, today confirmed that NICE Actimize was named the winner of the 2024 Datos Insights Fraud & AML Impact Award for Best AML ...

Fincen just proposed the most significant reform to AML compliance in a generation, but its reporting forms are still broken.

The battle against fraud and money laundering is neverending—banks shore up their defenses while criminals find new ways to exploit weaknesses. To remain compliant and competitive, banks must invest ...

"AI beats rules" is meaningless if you can't explain decisions to humans. Transaction monitoring has been one of compliance's most persistent headaches for two decades. Rules fire on everything.

On April 10, the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) and Office of Foreign Assets Control (OFAC) jointly issued ...

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...

A new Financial Crimes Enforcement Network anti-money-laundering rule now requires reporting for certain residential real estate transactions, particularly cash purchases and deals involving legal ...