Fighting Financial Crime
September 26, 2025
In August 2025, the Financial Crimes Enforcement Network (FinCEN) issued a critical advisory (FIN-2025-A003) spotlighting a growing and sophisticated threat: Chinese Money Laundering Networks (CMLNs).
September 26, 2025
At NICE Actimize ENGAGE 2025, a clear trend emerged among community banks, credit unions and FinTechs: most institutions are operating with lean Fraud and Anti-Money Laundering (FRAML) analyst teams, often composed of just 2 to 7 members.
July 31, 2025
Know Your Client (KYC) is a cornerstone of regulatory compliance for financial institutions (FIs), required both at onboarding and throughout the client lifecycle. It encompasses two key regulatory frameworks: Client Due Diligence (CDD) and Anti-Money Laundering (AML). These requirements are shaped by the jurisdiction of the FI, client entity and product offering, making KYC a complex, multi-layered process.
July 15, 2025
In financial institutions (FIs), onboarding is not limited to new clients—it also includes existing clients seeking to establish new entities or open additional accounts. This process involves collecting vast amounts of data, starting with legal, contracts and Know Your Customer (KYC) requirements. These include Customer Due Diligence (CDD) and compliance with Anti-Money Laundering (AML) requirements. However, these initial requirements are only the starting point.
July 9, 2025
Industry experts discussed the growing sophistication of money mule networks and the complexities of detecting and offboarding suspicious accounts.
June 25, 2025
The global financial crime landscape is evolving at an unprecedented pace, and nowhere is this more evident than in the Asia-Pacific (APAC) region. As financial institutions (FIs) grapple with increasingly sophisticated fraud and money laundering schemes, staying ahead of emerging threats has become a paramount concern. The latest APAC AML Tech Barometer Report dives deep into these challenges and offers a roadmap for institutions determined to enhance their anti-money laundering (AML) capabilities. Here’s what you need to know.
June 20, 2025
Both the United States and European Union (EU (play a critical role in global efforts to combat financial crime. Their comprehensive regulatory framework, complemented by an extensive network of government agencies are just two of the many indicators of their preeminent position. They are also both primary targets due to their importance.
June 12, 2025
After navigating the lengthy and complex process of financial crime prevention, detection and investigation, compliance teams must determine whether the activity subject of the investigation is deemed suspicious, and if that is the case, draft and submit a regulatory report. In the U.S. this typically entails generating a Suspicious Activity Report (SAR): a formal report submitted to the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN).
