Two very recent fincrime fintech start-ups recently published marketing papers – one a self-styled “Report” the other a blog – […]
News
Flipping the Three AML Ratios with Machine Learning and Artificial Intelligence (why Bartenders and AML Analysts will survive the AI Apocalypse)
Machine Learning and Artificial Intelligence proponents are convinced – and spend a lot of time trying to convince others – […]
Medical Marijuana – the DOJ Won’t Come Knocking … but Recreational Marijuana? Perhaps not so lucky …
The November 29, 2018 US Tax Court decision in the Harborside case provides some excellent background on the state versus […]
Bucksnort, Marijuana, Thresholds, and “a little bit of tension” … Senate Banking Committee and BSA/AML
https://www.banking.senate.gov/hearings/10/24/2018/combating-money-laundering-and-other-forms-of-illicit-finance-regulator-and-law-enforcement-perspectives-on-reform From obvious tension between FinCEN and the OCC, to patiently waiting for marijuana guidance, to missteps on CTR filings […]
Crypto ICOs, Cannabis, Beauty Queens, and Russian Technocrats
On November 16, 2018 the SEC settled an unregistered ICO case with the issuer, Paragon Coin. See https://www.sec.gov/litigation/admin/2018/33-10574.pdf. It doesn’t get […]
The Strip Club – Is Membership Now Closed?
With today’s announcements from the US Attorney for the Southern District of New York, OFAC, Federal Reserve, New York State […]
Central Bank Digital Currency?
Christine Largarde, Managing Director of the IMF, introduced the concept of a Central Bank Digital Currency, in a speech at […]
Swiss Regulator FINMA criticizes Societe General’s lack of an EVOC – Enterprise View of the Customer
https://www.finma.ch/en/news/2018/09/20180917-mm-gwg-cs/ Not being able to impose monetary penalties, Swiss financial supervisor FINMA concluded two enforcement procedures against Credit Suisse AG. […]
Cannabis, Congress, and Courage – Why Banks are not Banking Marijuana Related Businesses
In January 2018, Attorney General Sessions “revoked Obama-era guidance that had effectuated a hands-off approach to state-legalized cannabis businesses.” This […]
Veterans Medical Marijuana Safe Harbor Act introduced in U.S. Senate – September 5, 2018
Democratic Senators Bill Nelson (Florida) and Brian Schatz (Hawaii) have introduced S3409 – the Veterans Medical Marijuana Safe Harbor Act. […]