Money laundering
Making machine learning work for AML
Banks’ anti-money laundering teams are starting to utilise machine learning to combat financial criminals. Risk hosted a webinar in association with NICE Actimize to explore whether these bots can be trusted
FCA steps up anti-money laundering spot checks
UK watchdog changes fincrime head amid speculation AML spot visits increasing because of critical FATF review
Top 10 operational risks for 2019
The biggest op risks for 2019, as chosen by industry practitioners
Top 10 op risks 2019: regulatory risk
Money laundering and threats to personal data have regulators spooked
Top 10 operational risk losses of 2018
Mega-fraud at China’s Anbang pushes up total losses year on year; SocGen suffers double blow
Taking the lead on financial crime regulatory compliance
Increased scrutiny of anti-money laundering and customer due-diligence procedures means banks must create more efficient and effective systems. A recent webinar conducted by Risk.net and IBM discussed how leading banks are utilising artificial…
Danske money laundering scandal leads to capital add-ons
The add-ons pushed Danske’s management to revise its target CET1 capital ratio higher
Danske admits ‘major deficiencies’ in money laundering case
CEO quits as bank publishes internal investigation into irregular operations at Estonian branch
A call to arms – How machine intelligence can help banks beat financial crime
The revolution in artificial intelligence promises new leads in banks’ fight against dirty money. Alexander Campbell of Risk.net hosted a live online forum, in association with NICE Actimize, to investigate the applications of this emergent technology
Tackling fraud and money laundering violations in modern financial markets
The world of financial crime is evolving at a rapid pace. The tools and technologies used to aid crime are constantly developing, causing the nature of modern crimes to be unpredictable and difficult to detect
Banks explore new data techniques to tackle money laundering
Artificial intelligence in tandem with human analysis seen as effective for know-your-customer
Asia-Pacific banks grapple with conduct risk rules
Australia, Hong Kong regimes lead in developing conduct risk guidelines; Singapore lags behind
KYC concern slows asset managers’ move into China
Rush into $2.2 trillion China funds market tempered by problems obtaining client data
Technology holds the key to easing KYC, says FCA director
UK regulator promotes the use of financial technology to smooth compliance wrinkles
Best managed/support services provider: Thomson Reuters Org ID
Thomson Reuters managed service eases burden of know-your-customer rules
New UK anti-corruption unit plans close ties with banks
International Corruption Unit seeks to anticipate criminality
Spotting the patterns of terrorist financing
Banks must recognise weak points and likely signs of Isis funding
BIS transparency bill criticised for impact on Caymans
Lawyer says bill will not cut tax avoidance, only harm investment
Fraud link to terrorism funding, BBA conference hears
A third of terrorism arrests are fraud related, conference hears
Santander's Steve Bhatti on managing op risk at a diverse bank
Op risk chief talks AML, risk profiling, third parties and more