Many recent reports refer to the total amount of money laundering in the world, with wild and often unsupported estimates. […]
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About Running an effective anti-money laundering program involves balancing the needs and desires of all your stakeholders – senior management […]
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About Running an effective anti-money laundering program involves balancing the needs and desires of all your stakeholders – senior management […]
Bloomberg: “Crypto World Rocked After Long-Time Advocate Backpedals … Exchange cites need to navigate the regulatory environment”
https://www.bloomberg.com/news/articles/2018-09-05/crypto-world-rocked-after-long-time-advocate-voorhees-backpedals The article offers an interesting look at crypto’s version of what the highly regulated (and supervised) mainstream financial industry […]
ING pays record EUR 775,000,000 fine to Dutch Public Prosecution Service for multiple AML failures
Dutch prosecutors hammered ING Group for 7+ years of abject AML failures … missing and incomplete customer due diligence files, […]
Oregon’s Marijuana Regime is “Out of Control” according to its US Attorney
Almost three weeks before FinCEN’s quarterly marijuana update, the United States Attorney for Oregon described Oregon’s marijuana regime as “out […]
FinCEN Updates its Marijuana SAR Data… but Information is needed!
The U.S. financial industry is in its 5th year of filing “marijuana” Suspicious Activity Reports (SARs) pursuant to guidance issued […]
Professional Money Launderers – FATF Guidance and a US criminal case
FATF’s report on Professional Money Launderers is a must read. The public version of the report was released on July […]
OCC announces Special Purpose National Bank charters for qualifying FinTechs
This has been a number of years in the making (going back to December 2016) and is a good first […]
Richards AML Scenario Builder© – as relevant today as it was in 1999
Richards AML Scenario Builder ©