AML Conversations: A Discussion with Tom Vartanian
Tom Vartanian, the Executive Director of the Financial Technology & Cybersecurity Center discussed the ongoing problems with cybersecurity, cryptocurrency and current regulations and recommendations regarding how to address ransomware.
What is Money Laundering and How is it Done? Part 1
This is the first part of a two-part series on the what money laundering is and some of the ways it is done.
AML Voices: The Birth of Sectoral Sanctions
Our expert panel discusses the details of the first of the US Russia sanctions programs which introduced the concept of sectoral sanctions; initiated in in 2014, these sanctions remain in place today and should be a part of your sanctions compliance regime.
AML Conversations: Crypto, NFTs, and Decentralized Finance
John interviewed Michael Lee, IRSCI Supervisory Special Agent, Western Cyber Crime Unit, on crypto, NFTs and Decentralized Finance.
Five Best Practices of Adverse Media Monitoring
Financial institutions and banks need to be aware of all degrees of risk that their clients may bring, ranging from a third party with a damaged reputation, to one involved in organized crime. This means conducting customer due diligence and Know Your Customer protocols to complete a necessary risk assessment, with the help of a well-trained compliance team and advanced technology.
Has the Time Come for Adoption of Digital Asset Legislation in the US?
U.S. Senators Kirsten Gillibrand (D-NY) and Cynthia Lummis (R-WY) have introduced the Responsible Financial Innovation Act (also being referred to as “Lummis-Gillibrand”). The goal of the proposal is to create “…complete regulatory framework for digital assets that encourages responsible financial innovation, flexibility, transparency and robust consumer protections while integrating digital assets into existing law.” The legislation is noteworthy as a bipartisan effort to apply a clear regulatory structure to digital assets – including virtual or crypto currencies. Currently, regulation of digital assets is a patchwork of federal and state laws and interpretations, most of which have looked to squeeze digital assets into existing regulatory structures, mostly created years before the advent of digital assets.
AML Voices: Domestic Terrorism - FinCEN Priorities and Risk Assessment
Our expert panel discusses FinCEN’s focus on domestic terrorism in its National Priorities and Risk Assessment.
AML Voices: The 2022 Russia Sanctions
Our expert panel discusses the details of the US sanctions levied by the US against Russia after its invasion of Ukraine.
