Source: complyadvantage.com
One-time FTX executive Nishad Singh was sentenced to three years of supervised release — with no prison time — Wednesday (Oct. 30) afternoon. Before announcing the...
With scammers becoming more and more sophisticated, Swift is bolstering its AI-enhanced fraud detection capabilities. The global messaging service announced Wednesday (Oct. 15) that it will begin offering this...
The cost of cyberattacks is reportedly growing alongside the increases in digitization and artificial intelligence (AI). “If cybercrime damage were a state, it would be the...
Starling Bank has been fined 29 million pounds ($38 million) for failing to implement proper financial crime controls. The U.K. Financial Conduct Authority (FCA) announced the penalty against...
A spate of recent enforcement decisions from the FDIC underscores risks that banks face — external as well as internal ones, where employees have allegedly...
The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) has withdrawn its finding that ABLV Bank, AS is a financial institution of primary money laundering concern, because the...
Companies’ use of artificial intelligence (AI) is one of the things prosecutors will look at when assessing their compliance programs during investigations of criminal offenses...
Caroline Ellison, the former executive who played a role in the collapse of the FTX crypto exchange and later became the star witness in the...
Oracle has launched a new service designed to help banks, FinTechs and other financial services companies identify potential financial crime and compliance issues and reduce...