Money Laundering & Terrorist Financing - General Archives

FinCEN Exchange – Participants May Soon Be Fully Authorized!

The FinCEN Exchange has gone through two versions: the implied, pre-AML Act of 2020 version, and the codified, post-AML Act […]

“A growing niche in the shell business is shelf corporations. Like paper-only shells, which enable the secrecy-minded to hide real […]

Bad actors and nation states, such as China and Russia, are becoming more proficient in using our financial system to […]

Over $1 trillion is laundered globally every year, and less than one per cent is seized. Where do these numbers […]

The AML Act of 2020 doesn’t directly change the voluntary information sharing provisions set out in section 314(b) of the […]

Executive Summary of the AML Act of 2020 On December 3, 2020 the Senate and House jointly issued a Conference […]

In the last five years, FinCEN’s workload has gone up three times as much as its budget: if we care […]

The General Accountability Office, or GAO, issued a Report on August 14, 2020 titled “FinCEN Should Enhance Procedures for Implementing […]

Cannabis/Marijuana by admin0 comments

Marijuana-Related Businesses may have greater access to financial services than is being reported, even if those services aren’t being provided […]

Eighteen months ago I called for a renewal of the original purpose of the Bank Secrecy Act: with recent changes […]