The European Union (“EU”) recently has grappled with a series of massive money laundering scandals and strategized about how to more effectively combat international money laundering and corruption. Generally, the EU has...more
9/18/2019
/ AML/CFT ,
AMLD V ,
Anti-Corruption ,
Bank Fraud ,
Beneficial Owner ,
BSA/AML ,
Corruption ,
Criminal Conspiracy ,
Cross-Border Transactions ,
Danske Bank ,
Department of Justice (DOJ) ,
Enforcement Actions ,
EU ,
EU Directive ,
FATF ,
Financial Crimes ,
Financial Institutions ,
Financial Transactions ,
Foreign Corrupt Practices Act (FCPA) ,
Guilty Pleas ,
Huawei ,
Individual Accountability ,
Internal Investigations ,
Money Laundering ,
Panama Papers ,
Policies and Procedures ,
Tax Evasion ,
Terrorist Financing Regulations ,
White Collar Crimes
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)
In early March, the House Financial Services Committee released three proposed bills to codify many of the suggested reforms discussed during ongoing conversation among financial agencies, law enforcement, financial...more
3/29/2019
/ AML/CFT ,
Beneficial Owner ,
BSA/AML ,
Financial Crimes ,
Financial Regulatory Reform ,
Financial Services Committee ,
Legislative Agendas ,
Money Laundering ,
Proposed Legislation ,
Reporting Requirements ,
Shell Corporations ,
Transparency ,
White Collar Crimes
First Post in a Two-Part Series -
Late last week, the U.S. Senate Committee on Banking, Housing, and Urban Affairs (the “Banking Committee”) met in open session to conduct a hearing on “Combating Money Laundering and Other...more
12/5/2018
/ Bank Secrecy Act ,
BSA/AML ,
Currency Transaction Reports (CTR) ,
EGRPRA ,
FBI ,
Financial Crimes ,
Financial Institutions ,
FinCEN ,
Legislative Agendas ,
Money Laundering ,
OCC ,
Proposed Legislation ,
Senate Banking Committee ,
Threshold Requirements
The Financial Action Task Force (“FATF”) recently released a special report on professional money launderers (“PMLs”) who provide money laundering expertise and services to their crime-committing clients. ...more