One Bank Asked the OCC to Have an “Agile Approach to Supervisory Oversight” On September 27, 2019 the OCC published […]
Category: RegTech
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 FY2020 Report to Congress Reveals its Priorities and Performance
FinCEN Needs More Resources – and a TSV SAR Feedback Loop – To Really Make a Difference in the Fight […]
“Get off the Pot on Pot!” – A Panel of (Two of) Three Judges of the 2nd Circuit Court of Appeals Suggests the Administration Needs to Act on Marijuana Rescheduling
Patients, Veterans, and African‐American businessman Challenge the DOJ and DEA on Marijuana Scheduling “This is the latest in a series […]
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 […]
Colorado: The Epicenter of Black Market Marijuana in the United States?
Forty-two Individuals Arrested In One Of The Largest Black Market Marijuana Takedowns In Colorado History A two year investigation by […]
314(a) Information Requests – Can A Bank Research a Name in 4 Minutes or Less?
A call to action for all US financial institutions! On May 7, 2019, FinCEN published a “Notice and Request for […]
44% of UK Solicitors Tested Are Not Meeting ML/TF Regulatory Requirements – but Unlike Their American Counterparts, At Least They Have Regulatory Requirements
A review by the UK’s Solicitors Regulation Authority (SRA) results in 44% of solicitor firms tested will be subject to […]
Regulators Testify on BSA/AML
Sed quis custodiet ipsos Custodes But who will guard the guards themselves? – Roman poet and satirist Juvenal, c. 100 […]
The Plaintiffs Trump v Democrat-controlled House Committees’ Subpoenas
One key question – do the Committees’ investigations have a valid legislative purpose? – brings Anti-Money Laundering investigations and legislation […]