In today's global economy, characterized by complex supply chains and escalating trade tensions, tariff evasion has emerged as a significant threat to economic stability, fair competition, and government revenue. Traditional...more
4/18/2025
/ Anti-Money Laundering ,
Artificial Intelligence ,
Customs ,
Enforcement ,
Evasion ,
False Claims Act (FCA) ,
Harmonized Tariff Schedule of the United States (HTSUS) ,
Imports ,
International Trade ,
Supply Chain ,
Transfer Pricing
A critical deadline of March 31, 2025 is upcoming for the full implementation of the new requirements contained in the Payment Card Industry Data Security Standard (PCI DSS) version 4.0....more
Illinois has become the first state to adopt legislation banning interchange fees on the tax amount and gratuity (tip) amount of a credit or debit payment transaction. The Illinois Interchange Fee Prohibition Act (IFPA)i,...more
6/14/2024
/ Debit and Credit Card Transactions ,
Debit Cards ,
Electronic Payment Transactions ,
Financial Services Industry ,
Governor Pritzker ,
Interchange Fees ,
Popular ,
Proposed Legislation ,
Sales Tax ,
State and Local Government ,
Tips
In the contemporary landscape of intelligence gathering, the emergence of crowdsourced data has paved the way for revolutionary approaches to information acquisition. ...more
This article explores the application of retrieval-augmented generation combined with semantic search technologies in the detection of trade-based money laundering (TBML). Retrieval-augmented generation combined with semantic...more
Tennessee has passed a law, considered one of a kind, geared at deterring unauthorized use of an individual’s voice via artificial intelligence (AI). Tennessee’s new AI law is inspired by the state’s close connection with...more
In the rapidly evolving financial landscape, governments worldwide are intensifying their focus on compliance in Know Your Customer (KYC) and Anti-Money Laundering (AML) efforts for financial institutions. Trade-Based Money...more
2/7/2024
/ Anti-Money Laundering ,
Artificial Intelligence ,
Bank Secrecy Act ,
Banking Sector ,
Beneficial Owner ,
Bribery ,
BSA/AML ,
Chief Compliance Officers ,
Compliance ,
Corruption ,
Cross-Border Transactions ,
Drug Trafficking ,
Financial Crimes ,
Financial Institutions ,
Fraud ,
Human Trafficking ,
Internal Controls ,
International Trade ,
Know Your Customers ,
Organized Crime ,
Popular ,
Software ,
Tax Evasion ,
Trade Agreements
In the evolving landscape of technology-based information-gathering, the distinctions between tasking an individual source and asking a crowd have become more pronounced. Why does this matter?...more
Crowdsourced data providers are revolutionizing data collection, analysis, and decision-making, and play a pivotal role in gathering information that can be used to inform business and government intelligence requirements to...more
In the world of international finance and crime, criminals and terrorists have always sought innovative ways to launder money and avoid sanctions. One relatively recent method that has gained prominence is known as...more
11/3/2023
/ Advertising ,
Compliance ,
Contests & Promotions ,
Corporate Governance ,
Due Diligence ,
Know Your Customers ,
Money Laundering ,
Organized Crime ,
Sponsorship Agreements ,
Sports ,
Transparency