Six steps can take institutions beyond merely good.
What makes for a great anti-money laundering compliance program? This is not a pie-in-the-sky idea. As financial institutions strive to keep up with evolving regulations...more
6/18/2020
/ AML/CFT ,
Anti-Money Laundering ,
BSA/AML ,
California Consumer Privacy Act (CCPA) ,
Customer Due Diligence (CDD) ,
Financial Institutions ,
FinCEN ,
General Data Protection Regulation (GDPR) ,
Money Laundering ,
Risk Management ,
Suspicious Activity Reports (SARs)
K2 Intelligence Financial Integrity Network's Tom Bock and Chip Poncy will join Sarah Runge, global head of FCC regulation strategy at Credit Suisse, on a live webinar, "Improving Effectiveness and Sustainability in Financial...more
6/9/2020
/ Analytics ,
Banking Sector ,
Best Practices ,
Compliance ,
Enterprise Risks ,
Financial Crimes ,
Financial Services Industry ,
Information Sharing ,
Risk Management ,
Sustainability ,
Webinars
What do people see when they look at a piece of fine art—such as a painting by Cezanne, a sculpture by Giacometti, or a three-dimensional combine by Rauschenberg? To a great extent, it depends on who’s doing the looking. An...more
7/29/2019
/ Anti-Money Laundering ,
Art Collections ,
Art Dealers ,
Art Galleries ,
Art Sales ,
Bank Secrecy Act ,
Cooperative Compliance Regime ,
EU Directive ,
Financial Crimes ,
Financial Institutions ,
Fine Art ,
Know Your Customers ,
Legislative Agendas ,
Money Laundering ,
Proposed Legislation ,
Regulatory Standards ,
Risk Management ,
Trafficking
The stakes are high in combating global financial crime. If criminals succeed in hiding ill-gotten gains, they can continue to commit crimes and finance terrorism. ...more
1/15/2019
/ BSA/AML ,
Currency Transaction Reports (CTR) ,
Customer Due Diligence (CDD) ,
Defense Strategies ,
Financial Crimes ,
Financial Institutions ,
FinCEN ,
Money Laundering ,
Regulatory Standards ,
Risk Management ,
White Collar Crimes
A joint statement by five federal agencies on October 3, 2018, that details how smaller financial institutions can share resources to improve their anti-money laundering (AML) and Bank Secrecy Act (BSA) compliance is welcome...more
Fulfilling today’s requirements for anti-money laundering and counterterrorism financing/sanctions compliance is no easy task for financial institutions.
...more
3/19/2018
/ AML/CFT ,
Anti-Money Laundering ,
Bank Secrecy Act ,
Banking Sector ,
BSA/AML ,
Customer Due Diligence (CDD) ,
Financial Institutions ,
FinCEN ,
Legislative Agendas ,
Money Laundering ,
Patriot Act ,
Proposed Legislation ,
Reporting Requirements ,
Risk Management ,
Suspicious Activity Reports (SARs)
Compliance officers at financial institutions have made great strides in improving Know Your Customer (KYC) programs to focus on knowing their customers as a critical function in combating money laundering. As regulators...more
11/21/2016
/ Anti-Money Laundering ,
Bank Secrecy Act ,
Banking Sector ,
Banks ,
Beneficial Owner ,
Broker-Dealer ,
BSA/AML ,
Commodities ,
Customer Due Diligence (CDD) ,
Financial Institutions ,
FinCEN ,
Know Your Customers ,
Mutual Funds ,
National Security ,
Panama Papers ,
Risk Assessment ,
Risk Management ,
Risk Mitigation ,
Securities ,
Terrorism Funding ,
World Bank
FinCEN focus requires major shift in gaming business practices -
Which complex, global industry where billions of dollars exchange hands every day, and where high-net-worth customers park significant sums, is facing...more
10/24/2016
/ Anti-Money Laundering ,
Bank Secrecy Act ,
BSA/AML ,
Casinos ,
Financial Institutions ,
FinCEN ,
Gambling ,
Gaming ,
Know Your Customers ,
Popular ,
Risk Assessment ,
Risk Management