History is full of surprises, even in the world of anti-money laundering (AML) compliance. The enactment of the Bank Secrecy Act (BSA) in 1970 did not constitute the first time the U.S. required financial institutions (FIs) to report currency transactions over $10,000. The first...

Picture this: It is the morning of a child’s birthday and this child receives a sought-after building block set. The child knows that the blocks, divvied up by phase into separate packages, will combine to make a glorious final product seen advertised on television....

Biometric technology is slowly creeping into consumers’ everyday lives, with the banking industry rapidly adopting technology to prevent identity theft and fraud while generating a stronger authentication experience. Biometrics are methods of recognizing an individual through biological characteristics such as fingerprint, iris or facial...