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August 31, 2018
Casinos and other gaming establishments from across the globe are increasingly facing the consequences of failing to comply with anti-money laundering (AML) regulations and to maintain effective compliance programs. In British Columbia, Canada, River Rock Casino’s business practices—including ... Read More »
May 30, 2018
The term ‘financial crimes’ often brings to mind issues such as fraud, lottery scams or credit card skimming, but today there are far-reaching crimes that many fail to consider. This includes money laundering, human and drug trafficking, the financing of terrorism, and the bribery of public... Read More »
March 28, 2018
Since money has existed, there have been people devising ways to defraud others. A Ponzi scheme is one of the oldest forms of fraud, and continues to be rampantly active today. Built on a simple concept, Ponzi schemes are financial crimes that involve an unscrupulous person exploiting individuals... Read More »
February 27, 2018
“Advanced analytics” along with words like machine learning, artificial intelligence (AI), supervised and unsupervised techniques, and anomaly detection have quickly become buzz phrases in the anti-money laundering (AML) compliance sphere.  But what, exactly, do these terms mean, and how do we use... Read More »
October 20, 2017
Once upon a time, money services businesses (MSBs) could be lax about diligently fulfilling anti-money laundering (AML) requirements. Regulators were much more interested in the banking sector, and focused their attention on cracking down on the failures of those businesses. But times are changing... Read More »
August 1, 2017
Every customer you have represents a risk. Today most banks, casinos and money services businesses (MSBs) adopt technology solutions to monitor transactions, but what about having the full picture of a customer to determine more accurately the risk they pose? If I asked you how risky any given... Read More »
July 20, 2017
Earlier this week I hosted a webinar to announce that the newest version of the CaseWare AML Compliance solution is soon to be released. I discussed the new and exciting features included in this release, which will make anti-money laundering (AML) compliance efforts even easier. Here is a brief... Read More »
June 27, 2017
The last decade has brought with it sweeping changes to the financial industry that has made it increasingly difficult and costly for banks, money services businesses (MSBs) and other financial institutions to fulfill their anti-money laundering (AML) compliance requirements. Under pressure from... Read More »
April 20, 2017
The topic of politically exposed persons (PEPs) is making headlines more frequently as global efforts to reduce money laundering increase. Institutions such as the Sonali Bank have made news for failing to perform sufficient customer due diligence—including failure to identify PEPs—leading to the... Read More »
April 11, 2017
Artificial intelligence. Advanced, predictive analytics. Machine learning. These terms are heard with increasing frequency in the compliance space as solution providers seek new ways to evolve technology offerings to get ahead of compliance challenges. But does this mean that rules-based testing... Read More »

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