Dec 15, 2017
In the latest episode of the ABA Newsbytes Podcast -- taped before a live audience at the ABA/ABA Financial Crimes Enforcement Conference -- Evan Sparks interviews former law enforcement official and community bank BSA officer Ryan Rasske about trends in anti-money laundering, Bank Secrecy Act and fraud issues -- particularly the growing confluence of these programs within banks.
"If there are silos in our institutions, they need to start being broken down," notes Rasske. "Sharing information across those lines is invaluable, and criminals are going to be taking full advantage of institutions that are not updating their programs accordingly."
Sparks and Rasske also discuss the growth of data-driven artificial intelligence solutions to detect financial crimes, as well as ways that law enforcement is making better use of the reports and data that financial institutions gather.