Financial crimes

Why are more people trying to rob banks?

09/19/17

Armed heists are becoming less common, but the overall number of robbery attempts has ticked back up in recent years. The opioid epidemic is a likely reason, according to an industry expert.

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Two former managers sue Wells; CMBS market rebounds

09/06/17

Husband and wife claim they were fired for raising concerns about the bank’s sales practices; commercial mortgage-backed securities on pace to top last year’s volume.

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Hackers target digital currency buffs; JPM’s beneficence

08/22/17

Hackers are stealing enthusiasts’ phone numbers, then changing the passwords to clean out their financial accounts; bank makes pledge to human rights groups.

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'A needle in a stack of needles': Using AI to detect money laundering

05/23/17

David McLaughlin, founder and CEO of QuantaVerse, discusses how artificial intelligence can improve anti-money-laundering compliance; the problems of de-risking and "defensive filing" of suspicious activity reports; the Clearing House's proposal to reduce banks' AML costs; and more.

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Controlling costs, rebuilding revenue remain big challenges for Wells Fargo

04/13/17

The San Francisco bank says it's making strides in regaining the trust of its customers, but winning over new ones — as evidenced by a 9% decline in retail banking profits — remains a struggle.

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BofI Holding disputes report that it’s a target of money-laundering investigation

03/31/17

The report in the New York Post alleges that the bank violated anti-money-laundering laws by filing incorrect call reports to hide loans made to foreign nationals.

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