Fraud and financial crime software provider of the year: Oracle

Higher costs of failure are driving banks to improve anti-fraud measures


The biggest trend in financial regulation over the past year has been a drive to take illicit transactions more seriously. Whether that's tax evasion, money laundering, sanctions busting or bribery, national regulatory authorities are gaining new legal powers to impose harsher penalties, and working to improve international co-operation. Several large banks have run afoul of this, with billions of dollars in fines for anti-money laundering (AML) failures in 2013 in the US alone – and th

To continue reading...