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NEWS: Citigroup says AI sharply cuts time to review customer onboarding documents

Premium April 9, 2026

The logo for Citibank is seen on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., August 3, 2021. REUTERS/Andrew Kelly/File Photo

NEWS: Alleged gang boss and Kinahan Cartel ally arrested, suspected of laundering €30m

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NEWS: OECD warns of the most common scams consumers face in 2026

BREAKING: AML rules will apply to US stablecoin firms under new proposal

By Tatiana Bautzer

CITIGROUP is using AI to speed up ‌account openings and the retirement of old software, the U.S. bank’s head of technology, Tim Ryan, said, as the firm pushes to improve productivity.

U.S. banks are embracing AI, the biggest technological upheaval to the world economy since the internet, ​to boost productivity and, in some cases, cut jobs.

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NEWS: Alleged gang boss and Kinahan Cartel ally arrested, suspected of laundering €30m

 Premium

NEWS: OECD warns of the most common scams consumers face in 2026

BREAKING: AML rules will apply to US stablecoin firms under new proposal

Regulatory Watch News

  • Treasury Launches Cybersecurity Information Sharing Initiative for the Digital Asset Industry

    US Department of the Treasury

    WASHINGTON – Today, the U.S. Department of the Treasury’s Office of Cybersecurity and Critical Infrastructure Protection (OCCIP) announced a new initiative to strengthen cybersecurity across the digital asset industry. The initiative will provide timely, actionable cybersecurity information to eligible U.S. digital asset firms and industry organizations, helping them better identify, prevent, and respond to cyber threats targeting their customers and networks. The effort advances a key recommendation from the President’s Working Group on Digital Asset Markets report, Strengthening American Leadership in Digital Financial Technology.

  • From Vietnam to the EU by air: 8 arrested in a migrant smuggling sting across Europe

    Europol

    On 30 March 2026, a coordinated international French-led operation, which was supported by Europol and involved law enforcement and judicial authorities from Germany and Hungary, led to the dismantling of a Vietnamese migrant smuggling network. The criminal organisation operated across several European countries, with the United Kingdom as the final destination of the migrants. Such migrant smuggling networks link facilitators in countries of origin, transit hubs, and destination countries, while generating significant illicit profits.

  • Kazakhstan: New Reports on Party Funding Transparency and Criminal Law Convention on Corruption Incriminations

    GRECO

    In two new Evaluation Reports published today, GRECO assesses the efforts of Kazakhstan to ensure incriminations for corruption and transparency of party funding, and formulates 17 recommendations for specific actions to be taken by the Kazakh authorities to address the shortcomings identified by GRECO. The reports also note a number of steps already taken.

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