AML Regulations and Enforcement Actions Archives - Page 2 of 4

Anti-Money Laundering Act of 2020 – “Pay to Play” Arrives and Perhaps We Have An Answer to the Whereabouts of Section 314(d)

The Senate Banking Committee’s top Republican (Senator Crapo from Idaho) and top Democrat (Senator Brown from Ohio) have joined forces […]

For years, FinCEN has used a one-size-fits-all-SARs method of determining the costs and burden of filing Suspicious Activity Reports (SARs): […]

The Focus Has Always Been On the Increase in Fraud Natural disasters bring out the best in some people and […]

“FinCEN Penalizes U.S. Bank Official for Corporate Anti-Money Laundering Failures” In 1961 President John F. Kennedy commented on the failed […]

On February 12, 2020, Treasury Secretary Mnuchin testified before the Senate Finance Committee on the President’s Fiscal Year 2021 budget. […]

Whether “False Negatives” or “False Positives”, the Answer May Not Lie Just in New or Improved Technologies, but in an […]

Updated February 24, 2020 – The US Supreme Court denied a petition that challenged the SAR Safe Harbor On September […]

The Estimate for US Money Laundering – $300 billion a year, or 2% of GDP The 2015 National Money Laundering […]

“Well, I’m here in the freezing cold getting’ free chicken sandwiches. Because the food tastes great. I mean, it’s chicken. […]

The SAFE Banking Act, HR 1595, was approved by the House on September 25, 2019. As written, it is a […]