Financial Crime Compliance Resources

AML case investigations traditionally center on the focal entity and their most active counterparties. However, limiting the circle of inquiry investigators may miss suspicious counterparty clues and any related risks,...

This is the first part of a two-part series on the what money laundering is and some of the ways it is done.

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...

Russia, Real Estate and Other Things*

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...

As a former Bank Secrecy Act (BSA) Officer I understand that BSA requirements are intended to ensure the integrity of the banking system and detect and deter money laundering. My experience has also shown me that the...

At a glance, the Cayman Islands may simply appear to be a small collection of islands located in the Caribbean Sea with less than 100,000 residents that are only notable for being a British Overseas Territory. These...

Corruption can lead to ethical and reputational problems at a private and public level, heightening the need for recognition across the globe about how to both report and prevent it. At the end of 2021, the Biden...

On April 14^th, the Financial Crimes Enforcement Network (FinCEN) issued an advisory on kleptocracy and foreign public corruption. This alert urges financial institutions to make a concerted effort to detect any proceeds...

Migrant smuggling arises due to global conflict, including fleeing from war, political instability, and violence, as well as a yearning for better opportunities and quality of life. This desire is capitalized by...

In recent times the crypto currency industry went through a phase of rapid growth which spawned a vast spectrum of projects exploring various use cases for blockchain technology. One of the biggest growth sectors within...

Our expert panel discusses the challenges that non-traditional financial service providers face in dealing with high risk customers and how what is a high risk customer can change depending on the core focus of...

As digital currencies increase in adoption globally, this disruptive technology has caught the attention of federal institutions around the world, prompting the research and development of state-owned digital...

Money laundering through real estate is one of the common methods for criminals to clean their money as they take advantage of large amounts of money exchanging hands, thus transforming illegitimate funds into a safe...

Banks and other financial service providers can be put under the microscope by the Federal Government and Regulatory Agencies in a multitude of ways and face punishment with fines and penalties. But this can be avoided...

In June 2021, the US National Security Council published its strategy for countering domestic terrorism, following an increase in the number of terrorist incidents from American citizens with motives surrounding...

Our panel of experts discuss the importance of monitoring and assessing whether your customers are acting as they were expected to when onboarded and at the last time they were assessed for the risk they present to the...

Our expert panel looks at how the various sanctions are impacting the wire transfer process.

A new report by Aite-Novarica (Aite) examines what’s driving transformation in anti-money laundering (AML) compliance. Specifically, the impact report examines the current AML ecosystem, key trends impacting financial...

Our panel of experts discuss the practical implications for financial service providers arising from the latest sanctions issued against Russia.

Our expert panel explores the current status of the studies, regulations, an other implementation actions under the AML Act of 2020.

Our experts examine the sanctions levied against Russia and the steps that financial services providers should take to ensure compliance with them.

Our panel of experts discuss how paying attention to disclosures or enforcement actions can help keep your compliance program up to date and effective.

Our expert panel discusses the current state of investigations and how to streamline the process and procedures. They look at how risk analysis can assist in focusing investigations on the right alters, building trust...

Our experts discuss what it means for Russia to be denied access to SWIFT (Society for Worldwide Interbank Financial Telecommunication).