Tag: Bank Secrecy Act

AML screening is not a practice confined to major banks. Across a wide range of industries, regulatory obligations apply, and the threshold for compliance...

Anti-money laundering compliance is no longer a back-office obligation that can be handled with static rules and periodic reviews. Financial crime rarely signals its...

In January 2026, the FinCEN confirmed that the long-anticipated Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) requirements for investment advisers will not come...

A new analysis from the U.S. Department of the Treasury’s FinCEN has revealed the scale of ransomware activity reported by financial institutions, showing more...

Gatekeeper professions, including lawyers, accountants, real estate agents and trust and company service providers, occupy a pivotal position in the fight against illicit finance....

The Bank Secrecy Act (BSA), passed by the US Congress in 1970, established the foundation for anti-money laundering (AML) compliance in the financial sector....

Fraud rings are becoming a serious threat across finance, payments, and cryptocurrency. These organised criminal networks continually adapt to exploit weaknesses in financial systems,...

Human trafficking and money laundering are interlinked crimes that thrive on the exploitation of vulnerable populations and the abuse of global financial systems. With...

The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) has issued a critical alert to assist financial institutions in identifying and addressing fraud schemes involving deepfake media created with generative AI (GenAI) tools.

AI is progressively transforming the landscape of AML and KYC within financial institutions, aiming to amplify their efficiency, efficacy, and scale. According to Saifr,...