Bank Dive reports that AMEX is fined $350 million for AML failures
A high-profile US company American Express was just fined $350 million for failures within its anti-money laundering programs. Bank Dive says there will be more to come. This is a very serious charge by The Office of the Comptroller and Currency and the Federal Reserve Board as “significant deficiencies” were identified by them. The statement […]
Consumer fraud is a global scourge affecting countries like the UK
More scams are coming out of the woodwork in the UK with purchase ones rising significantly. This Express article below also digs into and explores what the top ten scams are in the UK. Despite the UK taking a lead internationally in reimbursing its financial consumers on Authorized Push Payments (APP) where the sending and […]