PYMNTS

DECEMBER 28, 2020

There have already been ransomware attacks aimed at medical research facilities working on vaccinations. FinCEN also emphasized the importance of Suspicious Activity Reports (SARs) as being critical to identifying and stopping cybercrime in “conjunction with effective implementation of Bank Secrecy Act (BSA) compliance requirements.”.

Fincen 127

Fincen Suspicious Activity Report (SAR) Scams Federal Trade Commission 127

Finextra

JUNE 26, 2025

Core AML requirements you must follow Here’s what you need to put in place: Know Your Customer (KYC) checks Real-time transaction monitoring Risk-based assessments Suspicious Activity Reports (SARs) These steps help you identify and stop illegal transactions before they harm your business.

PCI DSS 52

PCI DSS AML Process Payment APIs and Integration 52

PYMNTS

SEPTEMBER 21, 2020

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. Joint PYMNTS/Brighterion research found that 63.6 But AI is still relatively rare in the banking world: Only 5.5

Fincen 139

Fincen AML Suspicious Activity Report (SAR) SARS 139

The Fintech Times

SEPTEMBER 14, 2024

“Research is time-intensive and expensive, but with AI, processes such as negative news screening can be conducted more quickly than ever before. However, well-implemented models can have a significant difference in compliance activities, particularly when dealing with complex matching challenges. Some uses are obvious.

Compliance 106

Compliance AI Process Suspicious Activity Report (SAR) 106

PYMNTS

JULY 17, 2019

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. . The CFPB’s research underscores the prevalence of EFE and the devastating financial harm that it is causing nationwide.

Suspicious Activity Report (SAR) 45

Suspicious Activity Report (SAR) Consumer Financial Protection Bureau (CFPB) SARS Consumer 45

PYMNTS

NOVEMBER 30, 2017

Fortytwo Data, a Big Data company, has released new research that concludes the U.K. In total, researchers said, HMRC issued more than $1.5 is ramping up its fines for anti-money laundering (AML) infractions. According to the firm, the U.K.’s According to the firm, the U.K.’s million in AML fines this year.

AML 41

AML Suspicious Activity Report (SAR) Money Laundering SARS 41

FICO

MAY 30, 2019

The “use of Big Data, AI, Advanced Analytics, Cognitive Computing” was listed as the top trend in banking for 2019, according to research from The Digital Banking Report. Today, the vast majority of suspicious activity reports (SARs) are generated by transaction monitoring through scenario-based rules.

Suspicious Activity Report (SAR) 49

Suspicious Activity Report (SAR) SARS Money Laundering Blocks 49