FinCEN Pushes Banks to Share More Fraud Signals (opens in new tab)

Fraud prevention has largely been treated as an institution-by-institution exercise. Banks built their own models, payment companies and vendors developed proprietary services and solutions. The latest guidance from the Financial Crimes Enforcement Network (FinCEN) suggests there’s strength in numbers, so to speak, and collaboration among these stakeholders. In updating its guidance on Section 314(b) […] The post appeared first on <a href="