Money laundering

Greek gang foiled after $14.4 million fraud attack on U.S. banks

02/04/21

A Greek-led organized crime group that stole more than $14.4 million from U.S. banks has been dismantled in a cross-border operation by three international law enforcement agencies.

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CRM provider Tier1 buys financial crime software vendor Alessa

01/15/21

Tier1 Financial Solutions says the acquisition will give it access to midsize financial institutions and that Alessa's product will improve onboarding for Tier1's clients.

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Next step in AML overhaul: Simplify SARs

01/06/21

Congress acted first when it freed financial firms from having to disclose the beneficial owners of commercial clients. Now it's time for regulators to further ease anti-money-laundering reporting requirements by freeing them from filing duplicative or unnecessary suspicious activity reports.

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Stimulus battle stands in way of AML measure becoming law

12/30/20

An impasse over pandemic relief checks for Americans is holding up an override of President Trump's veto of a bill shifting beneficial-owner requirements from banks to their commercial clients.

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