Financial institutions (FIs) submitted more than 3.6 million Suspicious Activity Reports (SARs) to the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) in 2022. SAR
The NICE Actimize Blog is a series of opinion and news analysis articles addressing global issues in financial crime and capital markets compliance. The Actimize AML team blogs about the latest issues relating to money laundering, sanctions and regulations.
Suspicious Activity Reports: It’s Why We Do What We Do
Recently, we’ve covered the basics of what money laundering is and how it affects the global economy, as well as the origins of anti-money
The Basics of Fighting Money Laundering
In a world where using digital banking channels becomes easier and more accessible than ever before, the risk of bad actors taking advantage of
Customer Due Diligence – The Cornerstone of Compliance
When thinking of all the necessary pieces that comprise a functional risk-based AML process, one would be shocked to find Customer Due Diligence (CDD)
AML: AI in Action
One year ago we were making predictions for what ended up being the most unpredictable year most of us will ever experience in our