Human Trafficking, Anti-Money Laundering

[Event] 23rd Annual Canadian Forum on Anti-Money Laundering and Financial Crime - June 5th - 6th, Toronto, Ontario, Canada

American Conference Institute (ACI) on 4/3/2024

Hosted by the Canadian Institute, the 23rd Annual Canadian Forum on Anti-Money Laundering and Financial Crime returns for another exciting year. The event features carefully curated programming providing practical guidance...more

Navigating the Labyrinth: Artificial Intelligence in the Battle Against Trade-Based Money Laundering

Womble Bond Dickinson on 2/7/2024

In the rapidly evolving financial landscape, governments worldwide are intensifying their focus on compliance in Know Your Customer (KYC) and Anti-Money Laundering (AML) efforts for financial institutions. Trade-Based Money...more

The Challenge of Transparency in Preventing Financial Crime: Navigating Financial Integrity in a Changing Risk Landscape

K2 Integrity on 12/20/2023

The landscape of financial crimes is constantly evolving, and the concept of transparency is being fundamentally challenged. A dynamic, innovative approach is imperative to preserve and shape the future of financial...more

English Court rules on first sanctions de-listing case under the Sanctions and Anti-Money Laundering Act 2018

Dechert LLP on 3/31/2023

In a recent judgment, the English High Court for the first time ruled on a sanctions de-listing case under Section 38 of the Sanctions and Anti-Money Laundering Act 2018 (“SAMLA”). Following the UK’s departure from the EU,...more

FinCEN Issues Alert on Human Smuggling and Trafficking Along the Southwest Border: Methodologies, Typologies and Red Flags

Ballard Spahr LLP on 1/27/2023

The Financial Crimes Enforcement Network (FinCEN) issued on January 13, 2023 an alert (the “Alert”) to financial institutions regarding the detection of financial activity related to human smuggling along the U.S. southwest...more

FinCEN offers suspicious activity reporting guidance for human smuggling along U.S.- Mexico border

Orrick, Herrington & Sutcliffe LLP on 1/20/2023

On January 13, the Financial Crimes Enforcement Network (FinCEN) issued an alert advising financial institutions on how to detect and report suspicious financial activity that may be related to human smuggling along the...more

Banks – What Should You Know? Civil Liability for Failure to Detect Human Trafficking

Moore & Van Allen PLLC on 12/15/2022

In 2020, we wrote about the increased regulatory attention on financial institutions’ obligations to detect and respond to human trafficking. In 2021, we wrote about how anti-human trafficking programs fit squarely in banks’...more

Downstream Due Diligence: Regulation through Litigation

Paul Hastings LLP on 12/5/2022

As the European Union (“EU”) continues to debate whether downstream responsibilities will fall within the contours of its hefty Corporate Sustainability Mandatory Due Diligence Directive (“CSMDD”), and the EU Council just...more

Responding to the Increased Global Risk of Financial Crimes

Ankura on 8/12/2022

Ankura's Nova O sits down with Mark McGrath, Ayana Murphy, and Elif Cinar to discuss the current anti-money laundering (AML) landscape in the latest Q&A with our Ankura experts. Learn more about responding to the increased...more

ESG: The New Must-Have in the Due Diligence Process

Barnea Jaffa Lande & Co. on 9/30/2021

An assessment of environmental, social, and governance (ESG) factors has become an integral part of the due diligence review of companies. Such assessment may provide a potential acquirer with a detailed analysis of a...more

Compliance Impact of FinCEN Statement of Priorities

BCLP on 7/28/2021

At the direction of the President, FinCEN is intensifying its regulation of banks and fintechs across the spectrum of the laws that it is charged with enforcing. This past June, the White House published the Memorandum on...more

FinCEN Sets Out Anti-Money Laundering Priorities, With Implementing Regulations To Follow

Skadden, Arps, Slate, Meagher & Flom LLP on 7/22/2021

On June 30, 2021, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued its first government-wide priorities (Priorities) for combatting money laundering and the financing of terrorism.1...more

Financial Services’ Role in Anti-Trafficking, Human Rights, and ESG is at Turning Point

Moore & Van Allen PLLC on 7/22/2021

Last month marks the tenth anniversary of the United Nations’ Human Rights Council adoption of the Guiding Principles on Business and Human Rights (“UNGPs”), setting forth the internationally-accepted framework for the role...more

FinCEN Publishes No-Action Letter Analysis and AML/CFT National Priorities

WilmerHale on 7/15/2021

The Financial Crimes Enforcement Network (“FinCEN”) has continued a spate of regulatory activity related to financial crimes compliance matters in the first year of the Biden Administration, recapped in its recent report...more

New FinCEN Anti-Money Laundering Priorities

Foley & Lardner LLP on 7/13/2021

Financial Crimes Enforcement Network (FinCEN) remains committed to combating money laundering, in all forms, in connection with the banking and financial systems. To this end, on June 30, 2021, FinCEN issued new...more

FinCEN Issues Anti-Money Laundering and Countering the Financing of Terrorism Priorities

King & Spalding on 7/8/2021

FinCEN announces eight areas of focus and advises preparation for issuance of new regulations - On June 30, 2021, the U.S. Department of Treasury’s Financial Crimes Enforcement Network (“FinCEN”) issued the first...more

FinCEN Announces National AML/CFT Policy Priorities

Holland & Knight LLP on 7/7/2021

The Financial Crimes Enforcement Network (FinCEN) on June 30, 2021, issued national priorities for anti-money laundering (AML) and countering the financing of terrorism (CFT) policy (the Priorities), as required by the...more

Unknown Knowns and Priorities of AML

Thomas Fox - Compliance Evangelist on 7/1/2021

Donald Rumsfeld died yesterday. When the definitive history of the 21st century is written, no one man may play a more central role than Rumsfeld. The reason? He led America into its disastrous war in Iraq. Not only was the...more

Scared Of Your Clients’ Involvement With Cryptocurrency?

McGlinchey Stafford on 5/28/2021

Cryptocurrency, and its most-noted asset Bitcoin, has been breaking into the mainstream press. While most lawyers have heard terms like “blockchain” and probably even know a few people who have been deeply interested in the...more

Congress Tasks GAO to Study the Intersection of Money Laundering and Humanitarian Issues: Human Trafficking and De-Risking

Ballard Spahr LLP on 3/15/2021

Fifth Post in an Extended Series on Legislative Changes to BSA/AML Regulatory Regime - As we have blogged, the Anti-Money Laundering Act of 2020 (“AMLA”) makes major changes to the Bank Secrecy Act (“BSA”) and the U.S....more

Human Trafficking & Slave Labor › Anti-Money Laundering