Financial institutions have long suffered from the twin problems of high transaction-monitoring alert volumes and incomplete or low-quality data. Even before the COVID-19 pandemic, these challenges posed a constant risk to...more
Fulfilling today’s requirements for anti-money laundering and counterterrorism financing/sanctions compliance is no easy task for financial institutions.
...more
3/19/2018
/ AML/CFT ,
Anti-Money Laundering ,
Bank Secrecy Act ,
Banking Sector ,
BSA/AML ,
Customer Due Diligence (CDD) ,
Financial Institutions ,
FinCEN ,
Legislative Agendas ,
Money Laundering ,
Patriot Act ,
Proposed Legislation ,
Reporting Requirements ,
Risk Management ,
Suspicious Activity Reports (SARs)
Many of the world’s largest financial institutions have invested in distributed ledger technology—known popularly as blockchain technology—to improve their business operations. An area where this disruptive innovation holds...more
3/6/2017
/ Anti-Money Laundering ,
Banking Sector ,
Bitcoin ,
Blockchain ,
BSA/AML ,
Digital Currency ,
Distributed Ledger Technology (DLT) ,
Investment ,
Know Your Customers ,
Technology ,
Virtual Currency