News & Analysis as of

Money Laundering › Fraudulent Transfers

StoneTurn

Can Understanding Insider Risk Help to Prevent Fraud?

StoneTurn on

The UK government is moving towards introducing a new corporate criminal offence: Failure to Prevent Fraud and Money Laundering. The draft offence, contained in the Economic Crime and Corporate Transparency Bill, would hold...more

Dechert LLP

Fraudulent Payments: The English Court Provides Much Needed Clarity and Comfort For Financial Institutions Processing Payments

Dechert LLP on

The English court has recently provided some much needed clarity on when banks and other financial institutions may be put on inquiry that a payment instruction is an attempt to misappropriate the payor’s funds, and so should...more

Foodman CPAs & Advisors

When Bank Account Activity is not Consistent with the Customer’s Business

Foodman CPAs & Advisors on

According to the Bank Secrecy Act (BSA), the Financial Crimes Enforcement Network (FinCEN) states that the main focus for Financial Institution ought to be on the reporting of suspicious activities....more

Carlton Fields

Two Reasons Two Fellows from Fargo Could Facilitate Financial Fraud

Carlton Fields on

For most Americans, the term "money laundering" conjures an image of boxes of currency flown to the United States via seaplane—or former dictators paying cash for multimillion-dollar homes in swanky communities. Virtually no...more

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