The Financial Crimes Enforcement Network (FinCEN) is the U.S. Treasury Department bureau charged with monitoring financial transactions in order to combat domestic and international money laundering, terrorist financing and...more
5/24/2019
/ Anti-Money Laundering ,
Bank Secrecy Act ,
Blockchain ,
BSA/AML ,
Business Model ,
Cryptocurrency ,
Financial Crimes ,
Financial Transactions ,
FinCEN ,
Initial Coin Offering (ICOs) ,
Know Your Customers ,
Money Laundering ,
Money Services Business ,
New Guidance ,
Popular ,
Suspicious Activity Reports (SARs) ,
Terrorist Financing Regulations ,
Virtual Currency
New Year’s is a time to look back on the happenings of the year and focus on the lessons and reminders those events have provided. For our final newsletter of the year, we’d like to share with you our top 10 most read posts...more
12/31/2018
/ Banking Sector ,
Blockchain ,
Connected Items ,
Cryptocurrency ,
Cyber Attacks ,
Cybersecurity ,
Data Breach ,
Data Privacy ,
Distributed Ledger Technology (DLT) ,
Drones ,
Federal Aviation Administration (FAA) ,
Financial Conduct Authority (FCA) ,
Hackers ,
Initial Coin Offering (ICOs) ,
Investment Opportunities ,
Personally Identifiable Information ,
Popular ,
Wells Fargo
The Federal Energy Regulatory Commission (FERC) announced on July 19, 2018, that it is directing the North American Electric Reliability Corporation (NERC) “to develop and submit modifications to the NERC Reliability...more
7/30/2018
/ Banking Sector ,
Bitcoin ,
Blockchain ,
Bulk Electric System ,
Cyber Attacks ,
Cyber Incident Reporting ,
Cybersecurity ,
Dark Web ,
Digital Currency ,
Distributed Ledger Technology (DLT) ,
Drones ,
Electricity ,
Energy Sector ,
FERC ,
Final Rules ,
Financial Fraud ,
Financial Institutions ,
Financial Services Industry ,
Hackers ,
LifeLock ,
Malware ,
National Security ,
NERC ,
Phishing Scams ,
Popular ,
Reliability Standards ,
Reporting Requirements ,
Sensitive Business Information ,
US Air Force ,
Utilities Sector ,
Virtual Currency
In an effort to promote the development of new financial technology (fintech) products, Mick Mulvaney, acting director of the Consumer Financial Protection Bureau (CFPB), announced last week the creation of the Office of...more
7/30/2018
/ Blockchain ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Cryptocurrency ,
Digital Currency ,
Distributed Ledger Technology (DLT) ,
Financial Services Committee ,
Financial Services Industry ,
FinTech ,
Innovation ,
Innovative Technology ,
Regulatory Agenda ,
Regulatory Oversight ,
Sandbox ,
Virtual Currency
While many traditional financial institutions hesitate to embrace cryptocurrencies such as bitcoin, a recent news report suggests that Fidelity Investments, the fourth largest U.S. asset manager, is looking to enter the fray....more
6/12/2018
/ Asset Management ,
Bitcoin ,
Blockchain ,
Cryptocurrency ,
Digital Currency ,
Fidelity Investments ,
Financial Markets ,
Popular ,
Public Exchanges ,
Trading Platforms ,
Virtual Currency
As of February 15, 2018, banks, insurance companies, and other financial services institutions and licensees regulated by the New York Department of Financial Services (DFS) are required to file their first certification of...more
2/16/2018
/ Banking Sector ,
Bitcoin ,
Blockchain ,
Chief Information Security Officer (CISO) ,
Cybersecurity ,
Cybersecurity Framework ,
Data Privacy ,
Data Protection ,
Digital Currency ,
Distributed Ledger Technology (DLT) ,
Drones ,
Extortion ,
Financial Institutions ,
Financial Services Industry ,
Health Insurance Portability and Accountability Act (HIPAA) ,
HITECH Act ,
Information Technology ,
Insurance Industry ,
Medical Records ,
No-Fly Zones ,
NYDFS ,
Olympics ,
Popular ,
Risk Management ,
Virtual Currency
Apple has pushed an update to iOS 11.2 to its users. Users should consider pushing any updates that are recommended by the manufacturer, as there is usually a reason behind the update, and many times it is to fix a...more
12/22/2017
/ Apple ,
Blockchain ,
Cyber Attacks ,
Data Breach ,
Distributed Ledger Technology (DLT) ,
Drones ,
Federal Aviation Administration (FAA) ,
Hackers ,
Mobile Apps ,
Mobile Devices ,
Popular ,
Ransomware ,
Registration Requirement ,
Risk Management ,
Smartphones ,
Technology ,
Trump Administration ,
Unmanned Aircraft Systems ,
Vulnerability Assessments
Top mutual fund firm The Vanguard Group, Inc. unveiled a plan last week to incorporate blockchain smart contract technology into some of its indexing operations beginning early next year. Vanguard’s initiative will be carried...more
Senate Bill 398, unanimously passed by the Nevada legislature and signed into law by the Governor on June 5th, represents the most far-reaching state legislation to date concerning the use of blockchain technology. Blockchain...more