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FinCEN Files Show Banks’ ‘Whack-a-Mole’ Battle Against KYC/AML

PYMNTS

Department of Treasury’s Financial Crimes Enforcement Network (FinCEN) show that several of the largest global banks moved money on behalf of scores of individuals and enterprises involved in criminal financial activity.

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NICE Actimize Launches AI Tools for Streamlined Financial Crime Reporting

The Fintech Times

NICE Actimize introduces three advanced generative AI-based solutions aimed at combating financial crime and streamlining investigations and reporting processes. The post NICE Actimize Launches AI Tools for Streamlined Financial Crime Reporting appeared first on The Fintech Times.

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Consumer Watchdog Warns Against Elder Financial Abuse

PYMNTS

The Consumer Financial Protection Bureau (CFPB) is urging financial institutions to report any suspicions they may have about financial exploitation of elderly people, the organization said in a release. .