by gegwp1 | Oct 8, 2024 | Financial Consulting, Industry News
Most conversations about using AI in financial crime compliance programs focus on efficiency, especially reducing the rate of false positives. Most transaction monitoring programs have false positive rates above 90%, and investigating these alerts is a wasted effort....
by gegwp1 | Oct 8, 2024 | Financial Consulting
The Financial Crimes Enforcement Network (FinCEN), a unit of the US Treasury Department, recently released its “Year in Review for FY 2023” report. The report highlights the collaboration between US financial institutions and US law enforcement agencies like the FBI,...
