When it comes to financial crime, difficult conversations “at the c-suite level” are ahead. That is one major hypothesis of “The State Of Financial Crime 2021,” a report from ComplyAdvantage, a vendor that characterizes itself as a “source of AI-driven financial crime risk data and detection technology” intended to “neutralize the risk of money laundering,… Read More >>
Trade Surveillance Platform Offers Self-Service Analytics
NICE Actimize, a financial crime, risk, and compliance solutions vendor, is enhancing a key trade surveillance solution with a self-service, analytics capability, intended to help financial services firms fill common surveillance gaps. Dubbed the SURVEIL-X Studio, the new component of the SURVEIL-X Holistic Trade Surveillance solution adds coverage that is not part of the out-of-the-box… Read More >>
Credit Suisse in Hong Kong Settles FCPA Charges
The Hong Kong-based subsidiary of the Credit Suisse Group AG (CSAG), a Swiss-based issuer of publicly traded securities in the United States, has reached an agreement with the U.S. Department of Justice to pay a $47 million criminal penalty for its role in a scheme to “corruptly win banking business” in the Asia-Pacific region by… Read More >>
Are Most G20 Nations Too Weak on Financial Crime?
Most major nations have not made significant advances toward their stated goals of creating strong frameworks to stop financial crimes, particularly financial crimes committed by companies with anonymous or otherwise hidden ownership. That is the contention of a new study, entitled “G20 Leaders or Laggards? Reviewing G20 Promises on Ending Anonymous Companies,” issued by the… Read More >>
