Fenergo, a client lifecycle provider specializing in KYC and AML support, is embracing agentic artificial intelligence (A.I.) to help financial services firms better manage “spiraling operational costs” and compliance requirements complicated by geopolitical tensions and regulatory changes. The new A.I. agents as part of Fenergo’s FinCrime Operating System (OS) could reduce know your customer (KYC)… Read More >>
FINRA Fines Morgan Stanley $10M on AML Charges
The Financial Industry Regulatory Authority (FINRA) has charged that Morgan Stanley’s anti-money laundering (AML) program was beset with supervisory failures for more than five years. Those failures allegedly violated the Bank Secrecy Act and have resulted in a formal censure and a $10 million FINRA fine. The various charges encompass the period from 2011 to… Read More >>
