Tag: SARs

Financial crime teams are increasingly exploring artificial intelligence for ongoing monitoring, and Napier AI recently asked a group of compliance specialists which applications hold...

Fentanyl has become one of the deadliest threats in the global drug trade, killing thousands each year. The flow of money that supports it...

Tax evasion is more than just tax avoidance gone too far. It is a serious offence that drains economies of an estimated half a...

In the world of anti-money laundering (AML), outdated practices are exposing institutions to risk. Many banks still process alerts in the order they were...

As financial crime grows more complex and voluminous, traditional AML systems are struggling to keep up. In 2023 alone, financial institutions in the US...

Deutsche Bank Securities, a subsidiary of Deutsche Bank AG, has been fined $4m by the SEC for its failure to file certain SARs in...

The Wolfsberg Group describes sanctions screening as a crucial method for detecting, preventing, and disrupting financial crimes, including sanctions risks.

In an era where regulatory oversight of the wealth and asset management sector is intensifying globally, the stakes for compliance have never been higher. This sector, pivotal to national economies, plays a crucial role in helping consumers manage their assets and achieve their financial goals. However, its significance also makes it a potential target for misuse by malicious entities aiming to launder money.

When it comes to navigating the challenges of economic crime, establishing a threat matrix can be a key way to steady the ship. This point...

Compliance technology platform Beam has bagged $9m in a mix of its Seed, Series A and venture debt funding.