Bank of America spent millions on anti-money-laundering tech, but not enough to avoid a $1.2B fine
Regulators fined Bank of America $1.2 billion for weak anti-money-laundering controls despite heavy technology spending.
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Stories tagged #aml
ChainIT paper specifies signed runtime compliance decisions for agents
Evidence assertions, a policy profile and a rules engine feed a time-bounded decision that cannot itself commit payment.
Bank of America had to bring in 1,000 contractors to patch all the bugs Mythos identified
Bank of America hired 1,000 contractors to patch Anthropic Mythos findings amid large AML penalties.
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AMLworld-Compact: Importance-Weighted Downsampling for Cost-Effective LLM Evaluation and Error Diagnosis
Researchers release AMLworld-Compact, cutting AML LLM evaluation targets by up to 611x with weighted precision and F1 estimates.
Symphony Risk Intelligence uses AI agents to streamline financial crime investigations
SymphonyAI launched an AI-agent platform for continuous financial-crime compliance investigations.
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Fideo Lens reveals connections across identities, accounts and devices
Fideo Intelligence launched Fideo Lens, an investigative platform mapping relationships across identities, accounts, devices and behaviors for fraud and AML teams.
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