“Well, I’m here in the freezing cold getting’ free chicken sandwiches. Because the food tastes great. I mean, it’s chicken. […]
Category: FinTech, Financial Crimes, and Risk Management
A Bank’s Bid for Innovative AML Solutions: Innovation Remains A Perilous Endeavor
One Bank Asked the OCC to Have an “Agile Approach to Supervisory Oversight” On September 27, 2019 the OCC published […]
The Current BSA/AML Regime is a Classic Fixer-Upper … and Here’s Seven Things to Fix
There is a lot of media attention around the need for a new way to tackle financial crimes risk management. […]
FinCEN’s BSA Value Project – An Effort to Provide Actionable Information for SAR Filers
Two Million SARs are Filed Every Year … But Which Ones Provide Tactical or Strategic Value to Law Enforcement? On […]
The WayBack Machine … and the Marihuana Problem in New York (circa 1944) – updated with the OFAC Fentanyl Drug Trafficking Organization Designation of August 21, 2019
One of the greatest investigative tools available today is the Internet Archive, a “non-profit library of millions of free books, […]
BSA Reports and Federal Criminal Cases – What’s the Connection?
54,000 Federal Criminal Cases … and 20,000,000 BSA Reports If the question is “how many BSA reports are used in […]
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 […]
The “Ice Cream Social” Bandit – Former Bank Cash Vault Manager Stole $4.3 Million
Former Bank Cash Vault Manager Sentenced to 10 Years in Federal Prison for Stealing over $4 Million – Case Reveals […]
Regulatory Lag & Drag – Are There FinTech Solutions?
The RegTech, SupTech, and FinTech communities are focused on developing new technologies to speed up, simplify, and streamline financial institutions’ […]