https://www.finma.ch/en/news/2018/09/20180917-mm-gwg-cs/ Not being able to impose monetary penalties, Swiss financial supervisor FINMA concluded two enforcement procedures against Credit Suisse AG. […]
Month: September 2018
Cannabis, Congress, and Courage – Why Banks are not Banking Marijuana Related Businesses
In January 2018, Attorney General Sessions “revoked Obama-era guidance that had effectuated a hands-off approach to state-legalized cannabis businesses.” This […]
Veterans Medical Marijuana Safe Harbor Act introduced in U.S. Senate – September 5, 2018
Democratic Senators Bill Nelson (Florida) and Brian Schatz (Hawaii) have introduced S3409 – the Veterans Medical Marijuana Safe Harbor Act. […]
UNODC Report 2011 – The Estimate for Global Money Laundering
Many recent reports refer to the total amount of money laundering in the world, with wild and often unsupported estimates. […]
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About Running an effective anti-money laundering program involves balancing the needs and desires of all your stakeholders – senior management […]
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About Running an effective anti-money laundering program involves balancing the needs and desires of all your stakeholders – senior management […]
Bloomberg: “Crypto World Rocked After Long-Time Advocate Backpedals … Exchange cites need to navigate the regulatory environment”
https://www.bloomberg.com/news/articles/2018-09-05/crypto-world-rocked-after-long-time-advocate-voorhees-backpedals The article offers an interesting look at crypto’s version of what the highly regulated (and supervised) mainstream financial industry […]
ING pays record EUR 775,000,000 fine to Dutch Public Prosecution Service for multiple AML failures
Dutch prosecutors hammered ING Group for 7+ years of abject AML failures … missing and incomplete customer due diligence files, […]