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Bookmark or Share- Florida Lt. Gov. Jennifer Carroll resigns from post - connected with $290 million racketeering and money laundering probe
- Pope struggled to lift sacred secrecy of Vatican finances
- AP source: HSBC to pay $1.9B to settle probe
- Money-Laundering Inquiry Said to Target U.S. Banks
- Bank HSBC probed for money laundering: report
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- What Is AI In Banking? - IBMArtificial intelligence (AI) is an increasingly important technology for the banking sector. When used as a tool to power internal operations and customer-facing applications, it can help banks improve customer service, fraud detection and money and investment management. To stay ahead of technology trends, increase their competitive advantage ...
- What is SOX (Sarbanes-Oxley Act) Compliance? | IBMWhat is the Sarbanes-Oxley (SOX) Act? The Sarbanes-Oxley Act of 2002 is a US federal law co-sponsored by Senator Paul Sarbanes and Representative Michael Oxley. Congress enacted the law in the wake of several financial scandals at the dawn of the 21st century, including the collapses of Enron, WorldCom and Tyco.
- What is Robotic Process Automation (RPA)? | IBMMore than 1 in 3 bots today are in the financial industry, which is of little surprise given banking's early adoption of automation. Today, many major banks use RPA automation solutions to automate tasks, such as customer research, account opening, inquiry processing and anti-money laundering.
- What Is Artificial Intelligence in Finance? | IBMBy analyzing intricate patterns in transaction data sets, AI solutions allow financial organizations to improve risk management, which includes security, fraud, anti-money laundering (AML), know your customer (KYC) and compliance initiatives. AI is also changing the way financial organizations engage with customers, predicting their behavior ...
- Maximizing compliance: Integrating gen AI into the financial ... - IBMAnti-Money Laundering (AML) and Global Financial Compliance (GFC) frameworks are foundational to maintaining the integrity of the financial system. AML policies are designed to prevent criminals from disguising illegally obtained funds as legitimate income. Similarly, GFC encompasses a broad set of regulations aimed at ensuring financial ...
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