Money Laundering & Terrorist Financing - General Archives

Corporate Transparency Act: Shell Companies, Shelf Companies, and Front Companies (and SPACs)

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 […]

If this is, in fact, a new standard for the assessment of U.S. financial institutions’ BSA/AML compliance programs, then I […]

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