Machine learning, a powerful subset of artificial intelligence, and robotic process automation (RPA) have shown promise in addressing various automation opportunities that can benefit the financial services industry. In the Bank Secrecy Act/anti-money laundering world, financial institutions (FIs) are burdened with compliance requirements and growing...

The investor citizenship or ‘golden passport’ scheme in Europe became a hot topic of discussion after an investigation by Al-Jazeera in August 2020. Al-Jazeera’s investigative unit published the ‘Cyprus Papers.’ These leaked documents revealed how 2,500 people—including political figures, convicted criminals and money launderers—paid...