Finextra

AML Transaction Monitoring Systems: Increasingly ineffective, but perhaps not outdated

We need to accelerate TMS roadmaps and increase the agility of the big investments we’ve made in these systems As the backbone of Anti-Money Laundering (AML) deployments for more than 15 years now, ...
Traders Magazine

Signals-Based Approach Raises Bar on AML Transaction Monitoring

How has the current alert-based approach to AML transaction monitoring evolved, and what are its limitations? It hasn’t changed that much since Anti-Money Laundering first became important around 2002 ...
Devdiscourse

Regulatory gaps emerge as EU banks deploy AI under conflicting AML and AI rules

Under the revised EU AML/CFT package, institutions are expected to adopt more sophisticated, proactive approaches to ...
Compliance Week

Transaction monitoring: How we can do better

Ahead of the launch of a new virtual classroom workshop, the International Compliance Association offers a look at transaction monitoring: what it is, what risks to look out for, and what can be ...
JD Supra

Lessons From 2024 Anti-Money Laundering Enforcement Actions

In 2024, FinCEN and the federal bank regulators announced more than three dozen enforcement actions against banks and individuals arising from alleged Bank Secrecy Act (BSA), anti-money laundering ...
JD Supra

NYDFS Issues Final Rule Requiring Certification of Compliance With AML Transaction Monitoring and Filtering Program Requirements

The New York Department of Financial Services (NYDFS) recently finalized a regulation that mandates detailed elements of the anti-money laundering (AML) transaction monitoring and sanctions filtering ...