Reported by Michael Pooler (Excerpt shared below. To read full report, go to: https://www.ft.com/content/950c77e9-f311-4833-b74e-aed42b14e6bf) Brazil has launched what it said was its largest ever operation against organised crime, targeting an alleged multibillion-dollar money laundering scheme orchestrated by a major drug gang which involved fuel sales, fintech companies and investment funds. A national task force of […]

Reported by The Wolfsberg Group (To read full report, download below: The Wolfsberg Group’s Statement on Effective Monitoring for Suspicious Activity, Part II: Transitioning to Innovation expands on its 2024 framework, which urged financial institutions (FIs) to move beyond traditional, rules-based transaction monitoring. The document emphasizes the importance of leveraging technology—particularly machine learning, artificial intelligence, […]