A nonprofit organization has launched a collaborative research project seeking to develop anti-corruption detection technology that includes academic, technological, and corporate partners.
Integrity Distributed (InDi) is developing a platform designed to find patterns of improper payments in corporate third-party payment systems without those companies having to share their raw payment data.
InDi is comprised of researchers from Massachusetts Institute of Technology (MIT) and Harvard Business School, technology companies Kona AI and Integra Ledger, five corporate law firms, and eight global Fortune 500 companies. The project received its initial round of funding from the AB InBev Foundation.
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Google Cloud launched a new anti-money laundering product for financial institutions that utilizes artificial intelligence and machine learning to replace manually defined rules used to spot suspicious transactions.
One of the ways the Department of Justice will assess a firm’s compliance program is by judging how accessible and visible a company’s data is to its compliance function, an agency official told attendees at Compliance Week’s 2023 National Conference.
The chief compliance officers of Google and Uber offer insight into how their data analytics compliance programs have evolved amid enhanced scrutiny on use of technology from the Department of Justice.
Under increasing pressure from federal lawmakers and regulators, the American Bar Association agreed to strengthen the obligations lawyers must meet when weighing whether to stop representing clients who might be using their services to commit financial crimes.
The drive toward upskilling in the field of investigations is not exclusive to the law enforcement and intelligence communities. Investigations knowledge and expertise among those working within industry will also become an increasingly valued commodity.
The United States is one of few leaders in the anti-corruption enforcement space but still must reckon with its role as a top facilitator of financial crime, according to the executive director at the U.S. office of Transparency International.
