May 28, 2021 by Jim Richards
The fourth instalment in Jim Richards’ Renewing the BSA Series. Innovation is a key theme throughout the Anti-Money Laundering Act of 2020 (AMLA or the Act). As financial crimes evolve and regulatory compliance commitments advance, financial institutions need innovative solutions...
Artificial Intelligence (AI) is a powerful, dynamic solution that offers benefits to help fight modern financial crime. Financial Institutions are increasingly utilizing AI-driven fraud, money...
September 4, 2019 by Verafin
Financial crime management programs are increasingly challenged by limited time and resources, with BSA/AML and Fraud investigators often spending more time manually collecting data than investigating potentially suspicious activity. Institutions should consider how artificial intelligence, such as machine learning and...