By  Kyle Brasseur2024-01-09T17:24:00
Kyle Brasseur2024-01-09T17:24:00
 
      Canada’s financial intelligence agency aims to increase its use of artificial intelligence (AI) technology to improve its capabilities to analyze data and detect suspicious activity, according to an agency official.
Donna Achimov, deputy director of supervision at the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), told Reuters in a report published Monday of the agency’s plans to leverage AI. Opportunity areas, she said, include scanning for suspicious transactions or improving paths to collaboration with financial institutions.
Achimov also serves as chief compliance officer at FINTRAC, according to her LinkedIn profile.
 
                
                2024-01-29T22:43:00Z By Jeff Dale
The Financial Transactions and Reports Analysis Centre of Canada is reportedly preparing to issue its largest fine to date against TD Bank for faulty anti-money laundering controls.
 
                
                2024-01-24T12:49:00Z By Ruth Prickett
Experts expect improvements in the U.K. Financial Conduct Authority’s use of data and reporting means a heightened obligation for timely compliance by companies subject to its remit.
 
                
                2024-01-17T18:28:00Z By Kyle Brasseur
The New York State Department of Financial Services issued for public comment guidance for insurers operating in the state regarding their use of artificial intelligence systems and other predictive technologies.
 
                
                2025-10-30T19:59:00Z By Oscar Gonzalez
Texas Attorney General Ken Paxton sued two pharmaceutical companies for ”deceptively marketing Tylenol to pregnant mothers” despite risks linked to autism. The filing came two days before HHS Secretary Robert F. Kennedy Jr. appeared to walk back the claims.
 
                
                2025-10-29T20:04:00Z By Oscar Gonzalez
The Consumer Financial Protection Bureau shut down a registry of non-bank financial firms that broke consumer laws. The agency cites the costs being ”not justified by the speculative and unquantified benefits to consumers.”
 
                
                2025-10-28T21:11:00Z By Adrianne Appel
Senate Democrats warned OMB Director Russell Vought Tuesday that it would be illegal for the Trump administration to shut down the Consumer Financial Protection Bureau, citing a recent court decision barring actions that could severely harm the agency.
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