Money laundering

Banks blame AML rules for emergency loan logjam

04/08/20

They have asked the Financial Crimes Enforcement Network, the chief anti-money-laundering regulator, to let them collect customer information and verify it after the loan application is processed in order to speed approvals.

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Bitcoin doesn’t launder money, Mr. Mnuchin. Money launderers do.

03/02/20

The Treasury secretary’s recent Senate testimony coming down on cryptocurrencies is misguided. Regulations should require building better blockchain technology at the banks.

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Crypto terrorism funding grows more sophisticated, study finds

01/17/20

Terrorism financing schemes using cryptocurrencies are growing in sophistication, according to researcher Chainalysis, which helps law enforcement track digital-coin transactions.

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Ripple's XRP used in $400M of crimes, a crypto-tracking firm says

11/20/19

Yet that figure is relatively low compared with other digital assets such as bitcoin, according to the fintech Elliptic.

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What FICO sees through its window into fraud

11/11/19

Doug Clare explains how the organization uses artificial intelligence to spot crime rings and skimmers.

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The fight against financial crime has just begun

10/28/19

Regulators globally are using "tech sprints" to test new anti-money-laundering solutions. More can be done, but it's a good start.

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Bipartisan AML bill is just the right touch

08/02/19

Under the Illicit Cash Act, anti-money-laundering rules would be clearer — so banks would have no excuses for noncompliance.

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Are AML rules catching only the 'stupid' criminals?

08/01/19

Anti-money-laundering regulations are among the most costly, and few criminals get caught. Banks say there’s a better way.

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Are AML rules catching only the ‘stupid’ criminals?

07/31/19

Anti-money-laundering regulations are among the most costly, and few criminals get caught. Banks say there’s a better way.

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Is there a better way to fight money laundering?

07/28/19

Banks submit millions of Bank Secrecy Act filings each year, yet only a fraction are valuable to law enforcement. Inside the effort to change that.

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