AML

Are human traffickers hiding in your bank's data?

03/29/17

Data and analytics tools can help banks detect financial patterns that may indicate that human trafficking is occurring.

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U.S. banks brace for possible trade war with Mexico

03/22/17

Community banks, which could be the hardest hit if economic tensions between the U.S. and Mexico escalate into a tariff battle, are urging policymakers to refrain from rash action, and big banks are already trimming exposures.

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Laundered Russian cash flowed through major banks: Report

03/20/17

Cash that flowed from Russia through a vast money-laundering network sometimes ended up passing through the world's largest banks, including Citigroup, Bank of America, and HSBC, the Guardian reported, citing a cache of financial records it reviewed.

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Is big-bank plan to reduce AML costs workable?

03/17/17

Some in the industry are faulting The Clearing House Association's plan to make anti-money-laundering rules more efficient.

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House Dems question DOJ investigation of Deutsche Bank, Russia

03/10/17

House Democrats want to know if the Department of Justice is doing a proper investigation into an alleged money-laundering scheme by Deutsche Bank.

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'More than parties and pretty pictures': Comments of the week

03/10/17

American Banker readers share their views on the most pressing banking topics of the week. Comments are excerpted from reader response sections of AmericanBanker.com articles and our social media platforms.

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Why big banks want a ban on anonymous shell companies

03/06/17

A trade group owned by the nation's largest banks wants Congress to require state governments to collect information about the true ownership of the companies they incorporate. Such a law could reduce the banking industry’s cost of complying with anti-money laundering rules.

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'In the worst cases, people die': Comments of the week

03/03/17

American Banker readers share their views on the most pressing banking topics of the week. Comments are excerpted from reader response sections of AmericanBanker.com articles and our social media platforms.

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Brown wants Trump’s businesses investigated for AML violations

03/02/17

Any money laundering investigation could ultimately entangle banks that have done business with President Trump and his various firms over the years.

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Merchants Bank of California fined $7 million for widespread anti-laundering failings

02/27/17

Merchants was accused by the Treasury Department's Financial Crimes Enforcement Network of failing to properly monitor money services businesses that had ownership ties with bank insiders.

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