Anti-money laundering (AML) refers to a set of laws, regulations, and procedures intended to prevent criminals from disguising illegally obtained funds as legitimate income. Though anti-money-laundering laws cover a relatively limited range of transactions and criminal behaviors, their implications are far-reaching.
Regulators have taken money laundering to task with revamped Anti-Money Laundering legislation. But the problem is a global one, and money launderers are getting creative. Reports...
Trulioo, the global identity verification company, said on Monday (Aug. 15) it has enhanced its global AML watchlist capabilities for its GlobalGateway product. With the...
Post-financial crisis regulations have forced banks to become more diligent and aggressive against financial fraud, including money laundering. In response to new rules, financial institutions...
Raymond James has been fined $17 million in the wake of findings by the Financial Industry Regulatory Authority (FINRA) that the financial services company has...
A court ruling has found that compliance officers, among other executives, can be held responsible for anti-money laundering controls or lack thereof, as dictated by...