I am a strong proponent of conducting a risks assessment as part of an overall ethics and compliance program. However, I often caution companies to balance benefits and costs, and not to conduct a ...

The year 2023 promises to be exciting for Fintech. On the upside, the web 3.0 economy is poised for significant growth as decentralization favors creatives and community with its lower costs and lower ...

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 Sept. 16, 2020, the U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) issued an Advance Notice of Proposed Rulemaking (ANPRM) to strengthen the national anti-money ...

Time and again, seemingly successful bank mergers have been rocked by revelations of poor anti-money-laundering compliance. Assessing the AML risk of a potential merger partner is extremely tricky, ...

Several recent anti-money-laundering enforcement actions required the targeted banks to establish board-level compliance committees, including the recent consent order involving JPMorgan Chase. As we ...

“Fighting financial crime is a priority for the FCA,” said Mark Francis, director of specialists at the watchdog, adding that ...

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 ...

Embedded lending has altered the very gateways to credit, and its global market could swell to $7.2 trillion by 2030. But with every new customer and transaction, the pressure on compliance grows.