Patients, Veterans, and African‐American businessman Challenge the DOJ and DEA on Marijuana Scheduling “This is the latest in a series […]
Month: May 2019
Online Scams – One Chicago Area Crime Ring Offered a Full Suite of Online Fraud Schemes
The Big 4 Online Scams: Romance, Business Email Compromise, Job Offers, and Mystery Shopper The US Attorney’s Office for the […]
Artificial Intelligence – Who Is On The Hook When Things Go Wrong With Your AI System? You Are!
“Organisations and individuals developing, deploying or operating AI systems should be held accountable for their proper functioning” For all the […]
BigTech, FinTech, and the Battle Over Financial Services
BigTech vs FinTech – Which Will Replace Traditional Banks? Two recent papers have looked at the attributes, relative strengths and […]
Colorado: The Epicenter of Black Market Marijuana in the United States?
Forty-two Individuals Arrested In One Of The Largest Black Market Marijuana Takedowns In Colorado History A two year investigation by […]
314(a) Information Requests – Can A Bank Research a Name in 4 Minutes or Less?
A call to action for all US financial institutions! On May 7, 2019, FinCEN published a “Notice and Request for […]
44% of UK Solicitors Tested Are Not Meeting ML/TF Regulatory Requirements – but Unlike Their American Counterparts, At Least They Have Regulatory Requirements
A review by the UK’s Solicitors Regulation Authority (SRA) results in 44% of solicitor firms tested will be subject to […]
Regulators Testify on BSA/AML
Sed quis custodiet ipsos Custodes But who will guard the guards themselves? – Roman poet and satirist Juvenal, c. 100 […]
The Plaintiffs Trump v Democrat-controlled House Committees’ Subpoenas
One key question – do the Committees’ investigations have a valid legislative purpose? – brings Anti-Money Laundering investigations and legislation […]
FinCEN’s Advisories and Guidance – “Persuasive Precedential Effect”, Whatever That Means
US-based AML practitioners are familiar with FinCEN Guidance and Advisories. Most are probably not sure what the differences are between […]