Tag: Anti-money laundering

Consolidation over the last several decades has led to disparate sources of raw data locked up in legacy systems and ...

The Treasury and State Departments today issued a report analyzing efforts to prevent human trafficking and highlighting the role that ...

The federal banking agencies and the Financial Crimes Enforcement Network today announced an exemption from customer identification program rules for ...

ABA joined a broad coalition of advocacy groups from different industries in a letter urging House and Senate Armed Services ...

By implementing a few changes, banks’ financial crime and compliance teams can become more agile, efficient and effective in a ...

Banks filed more than 64,000 Suspicious Activity Reports referencing COVID-19 and related stimulus programs—about 71% of all coronavirus-related SAR filings, ...

The siloed and slow, often manual, processes of the past are giving way to new efficiencies of automation and cloud-based ...

Banks in a Government Accountability Office study spent between 0.4% and 2.4% of total 2018 operating expenses on anti-money laundering ...

Effective anti-money laundering compliance processes during challenging times require team collaboration, committing to communication and paying attention to guidance.

The Financial Crimes Enforcement Network is seeking public feedback on potential changes to the Bank Secrecy Act that would enhance ...