Tag: Customer Due Diligence

AI • October 17, 2026

The $1.2 Billion Question: Why Can’t Banks Stop Dirty Money?

Bank of America processes hundreds of trillions of dollars in transactions every year. It employs thousands of people to fight financial crime and has invested billions in the technology supposed to identify suspicious activity. On October 13, US regulators announced a $1.2 billion penalty against the bank for failing to do that job properly. According […]

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