Fraud and money laundering go hand in hand and fraudsters are early adopters of new money laundering opportunities; as participation in the cryptocurrency space gains momentum, so does fraud. This is not surprising as cryptocurrencies (virtual assets) can be lucrative, easily interchangeable and moved while...

The debate over whether financial institutions (FIs) should pursue advanced technologies—including intelligent automation, artificial intelligence and machine learning—to drive sanctions compliance has shifted from “if” to “when, how and to what scale?” These technologies redefine what is possible in sanctions compliance by helping implement...