Jim Richards was quoted in an August 2019 American Banker article titled “Is There a Better Way to Fight Money […]
News
Is the Clinical Cannabis Catch-22 Coming to Closure?
The Scottsdale Research Institute case may be a significant step forward in the normalization of cannabis. And it may address […]
SAR Feedback? What Ever Happened to Section 314(d)?
Wouldn’t it be great if Treasury published a report, perhaps semi-annually, that contained a detailed analysis identifying patterns of suspicious […]
One in Two Cannabis Dispensaries is Robbed or Burglarized? Perhaps not …
Are there any good studies on robbery and burglary rates of cannabis related businesses as compared to other businesses? Are […]
Business Email Compromise – New FinCEN Advisory and Trend Analysis
FinCEN has issued an updated advisory on Business Email Compromise (BEC) fraud schemes: FinCEN 2019 BEC Advisory . At the same […]
Facebook’s Libra – The Fed has “serious concerns” about Libra and warns that their process to address these concerns will not be a sprint
Speaking like “a normal human being”, Fed Chairman Powell says Libra raises “many serious concerns regarding privacy, money laundering, consumer […]
FATF Terrorist Financing Risk Assessment Guidance
Is the United States a jurisdiction with no or very few known (or suspected) terrorism or TF cases? The Financial […]
FinCEN Updates its Marijuana SAR Data… but Actionable Information is Still Needed!
I previously wrote about the FinCEN quarterly Marijuana Banking Report in an article published August 26, 2018: August 26, 2018 […]
A Contempt Fine of $50,000 a Day for “Stashing Documents” But Not Producing Them
Three Chinese “multi-billion dollar banks disregarding an order to produce records or a witness essential to an investigation into a […]
Libra Decentralized Blockchain and Cryptocurrency … and Digital Identity?
Facebook, PayPal, Visa, Lyft, Uber et al are launching “Libra” … and a global digital identity? The Libra Association wants […]