Tag: SARs

Napier AI's Michael Joseph attended a recent ACAMS New Jersey chapter discussion on the shift from threshold-based transaction monitoring (TM) to AI-driven systems, alongside...

Napier AI has weighed in on one of the thorniest debates in financial crime compliance: the gap between what artificial intelligence can theoretically do...

Large cash transactions are simple to flag. A string of smaller ones spread across days, branches or accounts is another matter entirely, which is...

The US SEC has hit Bank of America's Merrill Lynch arm with a $7.5m civil penalty after finding the firm failed to file numerous...

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In the world of anti-money laundering (AML), outdated practices are exposing institutions to risk.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...