Anti-Financial Crime & Financial Crime Compliance
Regulatory Intelligence Leadership | Insight | Network

AML, Banking, Compliance, Featured Article, Financial Crime, Financial Services, Regulatory

NEWS: Updated tech will help financial services ‘reduce noise in system’ and focus on truly nefarious activities – AML RightSource chief

Premium June 1, 2023

TECH: AML RightSource president Tracy Mortenson (second left) with the company's EVP Kevin Kerl (l-r), Ireland's Minister for Financial Services Dr Jennifer Carroll-MacNeill and AML RightSource CMO Julie Smith at the 'European Anti-Financial Crime Summit 2023'.

UK FATF

NEWS: UK AML Supervision Report outlines FATF compliance efforts

 Premium

NEWS: Australia scam losses drop by 26% in 2024

INSIGHT: Victory for Latvia’s fincrime fighters as top court upholds non-conviction based assets confiscation

By Laura Lynott for AML Intelligence ARTIFICIAL intelligence (AI) apprentices are vital to the fincrime industry, AML RightSource president Tracy Mortenson says. The fincrime technology chief said tech will now aid in “reducing the amount of noise in the system,” she said. “Updated tech will help companies reduce false positives, enabling them to focus time…

AML Intelligence
Subscribe now to have unlimited access

With our subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!

View subscription optionsIf you have an account, log in
UK FATF

NEWS: UK AML Supervision Report outlines FATF compliance efforts

 Premium

NEWS: Australia scam losses drop by 26% in 2024

INSIGHT: Victory for Latvia’s fincrime fighters as top court upholds non-conviction based assets confiscation

Regulatory Watch News

  • Leaders of Los Zetas, a Violent Mexican Drug Cartel, Arraigned on Drug Trafficking, Firearm, and Money Laundering Charges

    US Department of Justice

    Mexican nationals and former leaders of the Los Zetas cartel were arraigned today in Washington, D.C., on charges of engaging in a continuing criminal enterprise that involved multiple murder conspiracies, conspiring to manufacture and distribute large quantities of cocaine and marijuana destined for the United States, using firearms — including a machinegun — during and in relation to drug trafficking crimes, and conspiring to launder monetary instruments.

  • Large cocaine bust in Ecuador: 36 arrested after 73 tonnes of drugs seized

    Europol

    A large-scale drug trafficking investigation, supported by Europol, led to the dismantling of an Ecuadorian criminal cell involved in supplying wholesale cocaine to the EU via major ports. The international operation, led by the Ecuadorian National Police (Policía Nacional del Ecuador), also involved the German Criminal Police (LKA Baden-Württemberg), German Customs (ZFA Stuttgart) and the Spanish Guardia Civil.

  • Company Director jailed after receiving £250,000 via fraudulent loans during COVID

    The Crown Prosecution Service

    A man who fraudulently applied for five false bounce-back loans during the COVID pandemic has been jailed. Mohammed Uddin, 37 of Dunmow, Essex, previously pleaded guilty to five counts of false representation to make gain and was sentenced at Chelmsford Crown Court today to 28 months in prison.  He was disqualified from acting as a company director for five years. Uddin was prosecuted following an investigation by the National Investigation Service (NATIS).   He was the company director of four businesses and in total, submitted five applications for loans between May 2020 to November 2022.

Sign Up To Our Newsletter

Name
Organisation
Email
Newsletters
Areas of Interest

Categories

Archived articles

Contact Us

Name *
Email *
Comment or Message *