7 min read
One More Busy Week in Financial Crime Compliance
This week the White House hosted the second Summit for Democracy, focusing on reducing corruption and illicit finance. Treasury Secretary Janet...
PODCAST
7 min read
This week the White House hosted the second Summit for Democracy, focusing on reducing corruption and illicit finance. Treasury Secretary Janet...
7 min read
The International Consortium of Investigative Journalists (ICIJ) has published a story about artifacts in the Metropolitan Museum of Art catalog...
7 min read
This week the US Department of Justice announced an indictment against seven individuals for a $100 million stolen identity refund scheme. The Office...
7 min read
The US Department of Justice has updated its Corporate Enforcement Policy for criminal activity. John and Elliot discuss some aspects of the...
7 min read
The Financial Action Task Force (FATF) held a plenary last week. FATF also issued a report on Money Laundering and Terrorist Financing in the Art and...
6 min read
It has been a year since the Russian invasion of Ukraine. One of the immediate responses to Russia’s action was an ongoing coordinated effort by the...
8 min read
John and Elliot discuss several items this week, including a posting by the International Consortium of Investigative Journalists (ICIJ), a comment...
7 min read
The Wolfsberg Group and the Institute of International Finance have issued a joint comment letter to the European Banking Authority on de-risking....
7 min read
This week Transparency International released its 2022 Corruption Perceptions Index (CPI). The CPI uses a number of criteria to evaluate the status...
8 min read
This week a retired senior FBI agent Charles McGonigal was arrested on charges of money laundering and violating US sanctions. Also this week, the...
8 min read
The Financial Crimes Enforcement Network (FinCEN) issued an alert focused on human smuggling along the southwest board of the US. John and Elliot...
6 min read
The Eurasia Group, a consultancy focusing on political risk, has published its Top Risks - 2023. John and Elliot look at the purpose of the report...
7 min read
The primary US bank regulators - the Federal Reserve, FDIC, and OCC - issued a joint statement on crypto-asset risks to banking organizations. The...
7 min read
This episode originally aired on July 29, 2022.
The Financial Action Task Force (FATF) recently issued updated Guidance for a Risk-Based Approach to...
7 min read
This episode originally aired on October 7, 2022.
This week, the Basel Institute on Governance published its 2022 AML Index. The index assesses...
6 min read
The US Department of Justice and the Securities and Exchange Commission have announced a resolution of charges against Danske Bank. The Bank pled...
7 min read
It has been a busy week for US government pronouncements on national security and terrorism. The Secretary of the Department of Homeland Security...
7 min read
The White House has published a Fact Sheet: Summit for Democracy: Progress in the Year of Action. It discusses activities taken since the first...
7 min read
This episode originally aired on June 17, 2022.
FinCEN has issued updated guidance on Elder Financial Exploitation (EFE). The new Advisory looks at...
7 min read
This week The US Treasury issued a report, Assessing the Impact of New Entrant Non-bank Firms on Competition in Consumer Finance Markets. The report...
5 min read
The US Treasury and its Office of Foreign Assets Control (OFAC) have announced new sanctions against a number of individuals and entities involved in...
6 min read
The Financial Crime Enforcement Network (FinCEN) has issued its Ransomware Trendsfor the second half of 2021. John and Elliot look at the process...
8 min read
The Center for Strategic and International Studies has released a report on Mitigating Financial Access Challenges. The report focuses on ways to...
5 min read
Homeland Security Investigations has launched Operation Boiling Point an initiative to curb organized retail crime and cargo theft. The effort brings...
7 min read
This week the Office of Foreign Assets Control (OFAC) and the Financial Crimes Enforcement Network (FinCEN) issued enforcement actions against...
6 min read
This week, the Basel Institute on Governance published its 2022 AML Index. The index assesses countries’ money laundering and terrorist financing...
5 min read
The Office of Foreign Assets Control (OFAC) has issued updated FAQs clarifying the regulations about people in the US sending electronic remittances...