Finance
Bank of America Fined $1.2 Billion for Money Laundering Failures
Bank of America faces a $1.2 billion fine from the US Treasury for failing to detect and report over $5 billion in...
#compliance 6 articles
Markets
Goldman Sachs Curbs Employee Prediction Market Trading
Goldman Sachs has banned employees from trading on prediction markets, citing compliance concerns. This move reflects a broader trend among financial firms...
Finance
GigSafe, U.S. Bank Partner for Instant Driver Payments in Regulated Logistics
GigSafe has integrated U.S. Bank's embedded payment solutions, enabling instant payouts to delivery drivers within its compliance and payments platform. This partnership...
Investing
US Treasury: Better Identity is Key to Smarter AML
The US Treasury Department is emphasizing enhanced digital identity verification as crucial for modernizing anti-money laundering (AML) efforts, aiming to cut through...
Finance
AI Governance Demands Skilled Humans, Not Just Automation
As AI reshapes finance, experts warn that effective governance hinges on human expertise, not just advanced models. Comprehensive AI literacy is crucial...
Finance
AI Powers Payments, But Humans Bear the Ultimate Risk
As AI integrates deeper into payments, WEX's Annie Drew emphasizes that robust governance and human accountability are crucial for trust and scalability.