Director Blanco Stresses Importance of BSA Filings to Criminal Investigations and Prosecutions -
As we have blogged, Kenneth Blanco, the Director of Financial Crimes Enforcement Network (“FinCEN”), has publically and...more
5/23/2019
/ Anti-Money Laundering ,
Bank Secrecy Act ,
BSA/AML ,
Criminal Investigations ,
Financial Crimes ,
Financial Fraud ,
Financial Institutions ,
FinCEN ,
Information Sharing ,
Money Laundering ,
Suspicious Activity Reports (SARs)
Second Post in a Two-Part Series -
In our first post in this series, we described how the U.S. Senate Committee on Banking, Housing, and Urban Affairs (the “Banking Committee”) met in open session late last week to conduct a...more
12/6/2018
/ Anti-Money Laundering ,
Artificial Intelligence ,
Bank Secrecy Act ,
Beneficial Owner ,
BSA/AML ,
FBI ,
Federal Pilot Programs ,
FinCEN ,
Geographic Targeting Order ,
Legislative Agendas ,
OCC ,
Popular ,
Proposed Legislation ,
Real Estate Investments ,
Regulatory Burden
And a Tale of Four Countries: Singapore Fines a U.K. Bank, and the U.S. Imposes a Consent Order on a Chinese Bank -
Less than a week apart, two major financial institutions (“FIs”) have been hit with penalties for failing...more
Last week, the Financial Action Task Force (“FATF”) issued a report concluding that Mexico needs to “step up efforts in pursuing money launderers.” ...more
1/9/2018
/ AML/CFT ,
Anti-Money Laundering ,
Banking Sector ,
Beneficial Owner ,
Corruption ,
FATF ,
Information Sharing ,
Know Your Customers ,
Mexico ,
Money Laundering ,
Risk Management ,
Suspicious Activity Reports (SARs) ,
White Collar Crimes
We discuss two recent federal court opinions addressing two issues of increasing frequency and importance: (i) the potential civil liability of financial institutions to non-customers and other third-parties for alleged...more
11/20/2017
/ Anti-Money Laundering ,
Bank Secrecy Act ,
Banking Sector ,
Banks ,
BSA/AML ,
Financial Institutions ,
Forum Non Conveniens ,
Fraudulent Conveyance ,
Jurisdiction ,
Money Laundering ,
Popular ,
RICO ,
Suspicious Activity Reports (SARs)
As we recently blogged, the Royal United Services Institute (“RUSI”) for Defence and Security Studies — a U.K. think tank – has released a study: The Role of Financial Information-Sharing Partnerships in the Disruption of...more
10/23/2017
/ Anti-Money Laundering ,
Bank Secrecy Act ,
Banking Sector ,
BSA/AML ,
Financial Institutions ,
FinCEN ,
Information Sharing ,
Money Laundering ,
Patriot Act ,
Suspicious Activity Reports (SARs) ,
Terrorism Funding ,
Terrorist Financing Regulations