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Businesses are continuously innovating through the use of modern technology, with one of the most advanced being Artificial Intelligence (Ai). Ai offers increased convenience for many businesses [...]

Money laundering is a prevalent problem in the United States. Today, new technologies can help fraud teams prevent money laundering activities by deep-screening and monitoring accounts and [...]

Retailers and consumers beware. Both Visa and Mastercard are expected to jack-up card-swipe fees as soon as this month. Citing fraud as a reason for the fee escalation, the card companies believe [...]

In late April, the Office of the Comptroller of the Currency (OCC) sent cease-and-desist orders (C&D) to two banks, citing them for BSA/AML deficiencies. In addition, the OCC fined one of the [...]

Mortgage and loan fraud is on the rise, having leapt 15% in the first quarter of 2022 over the same quarter last year. Lenders should be aware that the threat of mortgage fraud is highest in the [...]

Feds still trying to determine if this credit union (named inside) was a victim. An ex-judge and Municipal Credit Union Board Chair, Sylvia Ash, has been sentenced to 15 months in federal prison, [...]