Some of the country's largest financial institutions are increasingly seeking to hire more data analysts in efforts to make better sense and use of complex sets of transactional and customer information, say sources.
Several of the world's largest financial institutions are years into the process of rethinking and updating how they share the personal information of their customers across borders to thwart illicit finance.
More than a week after media allegations of widespread abuse of shell companies, banks are scrambling to determine what ties they have to the Panamanian law firm at the center of the scandal.
As national governments still struggle to muster a response to a massive leak of privileged documents, the international groups that direct the global fight against money laundering have remained relatively quiet, and may stay so.
Federal officials intend to investigate whether financial institutions knowingly laundered bribe payments for several indicted leaders of the world's top soccer organization, FBI Director James Comey said Wednesday.
In the wake of regulatory crackdowns and multiple criminal probes, financial institutions operating in Mexico are spending millions of dollars to upgrade their anti-money laundering programs, say bank staff.
print