Podcast: QuantaVerse Discusses the Role of Artificial Intelligence in Addressing FCPA Compliance Concerns

Last year, 45 new FCPA-related investigations were publicly disclosed for the first time, making 2017 the most active year in history for new disclosures of FCPA-related investigations. Rewind one year and take into consideration 27 companies were required to pay a paralyzing $2.48 billion in fines and penalties to resolve FCPA cases in 2016, making it the biggest enforcement year in FCPA history. These are but only two parts of a much larger force driving […]

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“Tracking the Traffickers:” A new documentary by The Economist documents how NGOs, banks and AI technology can thwart human trafficking

Human trafficking is devastating for victims, but typically low-risk for the criminals, whose activities are largely hidden from view. To disrupt human trafficking, law enforcement is partnering with NGOs, financial institutions and forward-thinking technology providers (like QuantaVerse) that offer new artificial intelligence and machine learning solutions. QuantaVerse was interviewed for The Economist’s human trafficking documentary alongside other experts including HSBC and Liberty Asia. Per the Trafficking Victims Protection Act, human trafficking is defined as:  Sex […]

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The Importance of an Effective Anti-Money Laundering Compliance Program

Creating, implementing, and maintaining an effective Anti-Money Laundering (AML) program has always been challenging, but in today’s increasingly digital, dynamic environment the task is more arduous. Given the complexity of the current AML landscape, quality data is often viewed as more valuable than gold or oil by financial institutions and non-bank financial institutions. Artificial intelligence (AI) and machine learning solutions drive compliance and audit teams to peak performance and efficiently, and effectively analyze millions of […]

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60 Days to Comply: Utilizing AI and Advanced Data Analytics to Monitor Account Activity

In just two months, the Final Rule for Customer Due Diligence (CDD) under the Bank Secrecy Act (BSA) will be live for covered financial institutions (those subject to Customer Identification (CIP) requirements, including banks, broker-dealers in securities, mutual funds, futures commission merchants and introducing brokers in commodities. Designed to formalize new and existing customer due diligence (CDD) requirements, the Final Rule codified four anti-money laundering (AML) provisions or “pillars” found in Section 352 of the […]

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Podcast: QuantaVerse Discusses Top Financial Crime Trends in 2017 and Identifies What’s Next in 2018

At the turn of another year, we have dedicated this edition of our On the Front Line with AI podcast to the top financial crime trends we saw in 2017 and what can be expected in the year ahead. Some of the key highlights from the discussion with anti-money laundering (AML) expert and Founder & CEO of QuantaVerse, David McLaughlin, include: Top Financial Crime Trends in 2017 Cybersecurity and instances of cyberattacks, especially account takeovers […]

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