Quantitative Risk Assessment in AML refers to a data-based approach that uses numerical scoring models to measure and score an entity’s exposure to Money laundering, Terrorist Financing, and ...

The Financial Action Task Force (FATF) unveiled a Money Laundering National Risk Assessment (NRA) resource, designed to enable countries to strengthen their risk-based strategies in combating ...

There is a robust international network working to prevent money laundering. It’s called the FATF (Financial Action Task Force). It has headquarters in Paris and works through nine regional satellite ...

The U.S. Department of the Treasury (Treasury) has delivered to Congress the report on Innovative Technologies to Counter Illicit Finance ...

How smart is your AI-powered tool if the data it relies on is flawed? AI, and especially agentic AI tools, are evolving at a rapid speed, with the use of AI increasing from 33% in 2023 to 71% as of ...

On Aug. 28, 2024, the Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued a final rule (the Final Rule) extending the scope of the Bank Secrecy Act (BSA) and its ...

The Trump Administration has prioritized deregulation, aiming to reduce compliance costs under the Bank Secrecy Act (BSA). Recent rules and guidance focus on easing burdens, like removing beneficial ...

June 24, 2025 - After several false starts, Congress is now on the cusp of enacting a comprehensive regulatory framework for stablecoins — digital assets designed to maintain a stable value, typically ...

Before holding financial institutions accountable for new regulatory expectations, clearer guidance is needed on what constitutes appropriate risk-based decision-making versus impermissible "debanking ...

NEW YORK, Feb. 3, 2020 /PRNewswire-PRWeb/ -- Led by Lex Fenwick, Arun Banerjee, and Brad Breslin, Vantage GRC Solutions LLC ("Vantage") was formed following their acquisition of a majority share of ...

While the struggle against illicit gains has been a constant in finance, it's a battle that has changed over time, with evolving laws, rules and practices. I've had the opportunity to work closely ...

There is a palpable tension that governs most financial crime programs in the United States. Banks build their AML programs on the principle of risk-based compliance. They say it to regulators, write ...