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

PYMNTS

The documents, officially known as suspicious activity reports (SARs for short) show that the banks had filed more than 2,000 reports across the past 17 years. But using solutions that employ biometrics, and specifically, 3D face maps and certified liveness detection, ensures the [people] behind a transaction [are] who they say they are.”.