Bank of America spent millions on anti-money-laundering tech, but not enough to avoid a $1.2B fine
Bank of America has had to spend big on IT in response to an AI security audit and findings that its anti-money-laundering (AML) controls were lacking. The bank was fined a whopping $1.2 billion for money laundering offences this week,...
Read more: https://www.infoworld.com/article/4236498/bank-of-...
Scan with your phone
Scan with your phone