August 15th, 2019
WANTED: Hoards of Humans to Sort Out AI’s Dirty-Money LeadsAs regulators worldwide have cracked down on banks that move money for suspicious people, financial institutions found the solution for their due-diligence needs in artificial-intelligence software that spots anomalies. Now, however, more and more banks are finding that they need human beings, and lots of them, to interpret the massive amounts of disembodied information generated […]
February 25th, 2019
Inside a law firm’s vetting of clientsThe “Paradise Papers,” a cache of 6.8-million internal documents of the Bermuda-based Appleby law firmleaked to the International Consortium of Investigative Journalists (ICIJ), portray struggles inside the firm over how stringent its background screening of clients should be. The disagreements often pit the firms’ compliance offices against some other executives about how to handle client accounts […]
February 5th, 2019
Each of the ‘Big Four’ publicly disclose sexual misconduct firings, embracing transparency.The Financial Times reported that PwC, EY, KPMG and Deloitte (Britain’s four largest accounting firms) fired dozens of their partners in the last three years citing ‘inappropriate behavior’ including bullying and sexual harassment. This reflects a broader cultural shift in the way organizations respond to such issues. In the past, victims – particularly those in […]
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