As anti-money laundering (AML) and financial crimes compliance professionals, we are focused on preventing money laundering, terrorism financing, fraud, waste and abuse. While conducting our work, we have to recognize the vulnerabilities in our current thinking about identity verification and authentication across the entire financial...

Gambling is inherently a risky business and one where the odds of success run from slim to practically none. Yet the game of poker injects both a skill element born of study and experience and the element of psychology that can significantly mitigate the risks...

Following much criticism from federal examiners in 2010–2011, financial institutions have had to develop more effective Bank Secrecy Act and anti-money laundering (AML) compliance programs to address heightened regulation and enforcement. Meeting this challenge involves implementing business process improvements, recruiting additional staff and adopting enterprise-wide...

With changing regulation, increasing market competition and consolidation—especially within the context of the current financial crises, banks and other financial institutions need to better manage risk, reduce cost and increase revenues. Know Your Customer (KYC) is a niche business process and is often costly and...