Two very recent fincrime fintech start-ups recently published marketing papers – one a self-styled “Report” the other a blog – […]
Author: Jim Richards
Flipping the Three AML Ratios with Machine Learning and Artificial Intelligence (why Bartenders and AML Analysts will survive the AI Apocalypse)
Machine Learning and Artificial Intelligence proponents are convinced – and spend a lot of time trying to convince others – […]
Medical Marijuana – the DOJ Won’t Come Knocking … but Recreational Marijuana? Perhaps not so lucky …
The November 29, 2018 US Tax Court decision in the Harborside case provides some excellent background on the state versus […]
Bucksnort, Marijuana, Thresholds, and “a little bit of tension” … Senate Banking Committee and BSA/AML
https://www.banking.senate.gov/hearings/10/24/2018/combating-money-laundering-and-other-forms-of-illicit-finance-regulator-and-law-enforcement-perspectives-on-reform From obvious tension between FinCEN and the OCC, to patiently waiting for marijuana guidance, to missteps on CTR filings […]
Crypto ICOs, Cannabis, Beauty Queens, and Russian Technocrats
On November 16, 2018 the SEC settled an unregistered ICO case with the issuer, Paragon Coin. See https://www.sec.gov/litigation/admin/2018/33-10574.pdf. It doesn’t get […]
The Strip Club – Is Membership Now Closed?
With today’s announcements from the US Attorney for the Southern District of New York, OFAC, Federal Reserve, New York State […]
Central Bank Digital Currency?
Christine Largarde, Managing Director of the IMF, introduced the concept of a Central Bank Digital Currency, in a speech at […]
Swiss Regulator FINMA criticizes Societe General’s lack of an EVOC – Enterprise View of the Customer
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. […]
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. […]