American Banker
APRIL 30, 2024
A 50% growth in losses from check fraud last year is pushing bankers in Illinois to ask regulators for a joint supervisory guidance and tougher enforcement of large banks' "know your customer" compliance.
PYMNTS
MAY 19, 2016
Among the proposed methods, facial recognition has long been a pie-in-the-sky solution, but Illinois is the latest state to show that there’s a future in the tech. The Chicago Tribune is reporting that Illinois is set to add facial recognition services to its driver’s license application process. ”
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Gonzobanker
SEPTEMBER 21, 2023
CSI partnered with Dragonfly for treasury management and with Hawk AI for fraud and anti-money laundering solutions. Cloud software provider Intapp acquired Paragon Data Labs , an employee compliance software solution provider. Sardine , a fraud detection platform solution provider, raised a Series B round from Visa and ConsenSys.
CFPB Monitor
APRIL 11, 2022
The stipulated order requires the dealerships to pay $9,950,000 to the FTC to provide monetary relief to consumers, and $50,000 to the Illinois Attorney General Court Ordered and Voluntary Compliance Payment Projects Fund.
Abrigo
AUGUST 22, 2019
Ongoing training is at the very heart of a satisfactory Bank Secrecy Act/Anti-Money Laundering (BSA/AML) compliance program in financial institutions. 16 in Chicago, Illinois Oct. Fraud Prevention. Cost for these regional meetings is $100, and dates and locations are: Sept. 5 in Richmond, Virginia Oct. 21 in Houston, Texas Nov.
Independent Banker
SEPTEMBER 30, 2021
Here’s how two community banks are protecting their customers from falling victim to fraud. Mainly, the instances [of money mules] consisted of unemployment benefits fraud and were identified through our anti-money laundering [AML] detection system,” says Marlena Taglieri, the $7.7 Fighting fraud through education. Source: FBI.
CB Insights
MAY 23, 2019
Below, we take a look at some of these frauds and the lessons they can teach entrepreneurs hoping to launch their own products, companies, and funds. Zenefits skirts compliance regulations. Mozido’s fintech fraud fiasco. Virgin Hyperloop One’s utopian vision derailed by fraud. Table of contents.
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