Reported by GEORGIA FEARN (Summary featured below. To read full report, go to: https://www.inc.com/georgia-fearn/visa-is-paying-2-4-billion-for-a-fraud-tool-that-watches-the-way-bank-customers-type/91383840) Visa is paying $2.4 billion to acquire BioCatch, a company that uses behavioral biometrics to detect fraud before a transaction takes place. BioCatch analyzes more than 3,000 signals involving how customers type, swipe, navigate websites and use their devices during digital-banking […]

Reported by FinCEN (For helpful takeaways from a pro, go to AML UPDATE.) The Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) assessed a $125,000,000 civil money penalty against UBS Financial Services Inc. (UBSFS) for willful violations of the Bank Secrecy Act (BSA), the primary U.S. anti-money laundering and countering the financing of terrorism law that […]