(Broker-dealer Canaccord Genuity paid an $80 million civil penalty to the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) unit — the largest ever imposed against a broker-dealer for violating the Bank Secrecy Act (BSA). The firm’s compliance failures allegedly facilitated money laundering and terrorism financing that involved money laundering and terrorism financing…. Read More >>
Advanced Technologies Will Help Firms Catch Crooks: Q&A
(Advanced technologies such as behavioral analytics, machine learning, artificial intelligence (AI), natural language processing and cutting-edge behavioral analytics are going to be game-changers in the ever-expanding challenge to detect and uproot financial crime, says Lee Garf, general manager, financial markets compliance for NICE Actimize. He took time out of his very busy day to answer… Read More >>
