Banks are connecting fraud and AML defenses but still missing links
United States, Oct. 28 -- Financial institutions are increasingly integrating their fraud and anti-money laundering (AML) systems, but intelligence and governance gaps remain. New fraud and AML convergence research from Datos Insights, commissioned by data and AI leader SAS, finds 86% report missed links between fraud activity and money laundering.Fraud and AML Convergence: Closing the Speed Gap - based on a survey of 165 fraud and AML executives across 21 countries in seven global regions - examines the convergence of fraud prevention and AML compliance, commonly called FRAML. The report argues that real-time payments now move funds faster than institutions can connect their fraud and AML intelligence and intervene. Experts from Datos Insi...
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