US-based AML practitioners are familiar with FinCEN Guidance and Advisories. Most are probably not sure what the differences are between […]
Category: RegTech
FINRA’s list of AML Red Flags has gone from 25 to 97
FINRA Provides Guidance to Firms Regarding Suspicious Activity Monitoring and Reporting Obligations http://www.finra.org/sites/default/files/notice_doc_file_ref/Regulatory-Notice-19-18.pdf May 9, 2019 FINRA issued the Notice […]
DeepDotWeb – a Major Gateway to Darknet Marketplaces Shut Down
“single most significant law enforcement disruption of the Darknet to date” DeepDotWeb administrators led hundreds of thousands of users to […]
AG Sessions: “No more guidance!” AG Barr: “Here’s new guidance!”
Does “good faith” mean “effective”? On November 17, 2017 the DOJ issued a press release titled “Attorney General Jeff Sessions […]
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 […]
Elvis, Donald Duck, Bittrex, and New York’s “Safe Harbor” for Crypto Exchanges
“… examiners found that a substantial number of aliases (e.g., Give Me My Money, Elvis Presley, abc-abc, Donald Duck, and […]
The College Admissions Scandal – Plea Agreements, Sentencing Guidelines, and Money Laundering
The “college admission scandal” cases are complicated, and the pleadings are voluminous and more are being filed every day. I’ll […]
Global Money Laundering Estimate – Time for An Update!
This article is an update from the original article published on September 7, 2018 and which is available at: https://regtechconsulting.net/uncategorized/unodc-report-2011-the-estimate-for-global-money-laundering/ […]
Illegal cannabis grows, shell companies, straw buyers, border searches, beneficial owners … and GTOs?
US v Li et al, CD CA 19-MJ-00867 https://www.justice.gov/usao-cdca/pr/three-socal-men-arrested-scheme-which-chinese-money-allegedly-funded-seven-inland On March 7th the US Attorney for the Central District of […]
Lessons Learned as a BSA Officer – 1998 to 2018: Presentation to SoCal ACAMS Chapter, March 8, 2019
Lessons Learned as a BSA Officer – 1998 to 2018 “I didn’t say it was your fault, I said I […]