How imposter fraud has evolved with AI tools
Imposter fraud has long been one of the most persistent and costly forms of financial crime. For decades, fraudsters have posed as trusted figures—bank officers,...
Why you should make your boss’ life easier
I know the title of this article creates an immediate emotional reaction. Apple-polishing and placating only get you so far and can ultimately do more harm...
FinCEN’s mandate for AML/BSA programs: Risk intelligence platforms
Earlier this summer, the Financial Crimes Enforcement Network (FinCEN) published its fiscal year (FY) 2024 year in review, which delivered a clear mandate: Financial institutions...
Closing the agility gap: Why compliance cannot keep up in the “launderverse”
Speed is becoming the defining feature of modern financial crime. Over the past two decades, the dual forces of global, interconnected economies and digital banking...
The effects of recent enforcement actions and FinCEN’s real estate regulations
Banking professionals understand that anti-money laundering (AML) processes, unlike those in client-facing or investment divisions, are similar to an iceberg because their most significant and...
Virtual IBANs under scrutiny: Closing Europe’s digital banking loophole
“Hi mum, I lost my phone. This is my new number.” That simple, familiar message was all it took to spark a wave of deception...