Innovative Systems has launched a platform — dubbed FinScan Marketplace — that provides centralized access to a suite of anti-money laundering (AML) tools encompassing sanctions screening, know your customer (KYC) checks, adverse media screening, payment screening, and risk scoring, officials say. FinScan Marketplace has a single interface that is intended to streamline the management of… Read More >>
TD Bank’s AML Woes: a Business Case for Compliance
As has been widely reported, TD Bank last week became “the largest bank in U.S. history” to plead guilty to Bank Secrecy Act (BSA) and anti-money laundering (AML) program failures, according to Merrick B. Garland, U.S. Attorney General. TD Bank N.A. and its parent company TD Bank US Holding Company pleaded guilty to resolve the… Read More >>
FINRA Spotlights Emerging Issues for 2019
Risk monitoring and examination priorities are the focus of the annual letter produced recently by the Financial Industry Regulatory Authority (FINRA). That annual FINRA letter highlights new priorities for 2019 and identifies “areas of ongoing concern.” The regulatory authority specifies that the 2019 letter’s “focus on materially new issues may help firms better identify those… Read More >>
