Know Your Customer (KYC) is a fundamental process used by Financial Institutions (FIs) to verify the identities of their customers and assess the associated financial crime risk. Its primary goal is ...

In 2024, FinCEN and the federal bank regulators announced more than three dozen enforcement actions against banks and individuals arising from alleged Bank Secrecy Act (BSA), anti-money laundering ...

Maintaining a comprehensive view of financial crime risk of your customers is an essential task but not a simple one. Current models rely on static data collected at account opening or event-driven ...

Identify verification company Trulioo Inc. today announced the launch of Trulioo Fraud Intelligence, a new capability that delivers predictive risk insights across more than 195 countries. The feature ...

Financial crime risk is not static. A customer’s risk profile can shift rapidly with new transactions, behaviors, or data. Yet historically, many financial institutions relied on one-time or ...

The most recent geopolitical turmoil, fueled by the financing of terrorism, has brought to light the real-world impact of financial crime and the need to prevent money laundering. The repercussions ...

Risk management should not just be a checklist to be compliant. Rather, it should be a source of value, inextricably tied to your business strategy. Purpose-driven and customer-centric risk management ...

Pop quiz: What’s the difference between risk tolerance and risk profile? Risk tolerance and risk profile are often used synonymously yet are distinct constructs when determining suitable risk levels ...

The Central Bank of Nigeria has issued new baseline standards for automated anti-money laundering (AML) solutions, directing ...