Financial Services

Justin Daniels and Matthew White of Baker Donelson discuss the OCC’s recent interpretive letter on cryptocurrency and the associated permitted activities for regulated banks and financial institutions. Late last month, the Office of the Comptroller of the Currency (OCC) issued...

Gustavo Fideney and Alvaro Ruiz Ostos conclude a two-part series with a discussion on the role of the anti-money laundering compliance officer, the critical need to mitigate reputation risk and some of the scandals that have built the current AML...

While AML and CFT aren’t necessarily simple matters, training on these topics can be made overly complex. Compliance pros Gustavo Fideney and Alvaro Ruiz Ostos offer a more accessible interpretation. Webinars On AML: Harsh Times Everyone talks about how important...

As banks and financial institutions prepare for the end of LIBOR, the world’s most referenced interest rate, TCS North America’s Manoj Reddy addresses risk and uncertainty surrounding the coming change. The LIBOR (London Inter-Bank Offer Rate) transition is less than...

One of the main challenges for banks and financial institutions is gaining and maintaining customer trust – especially during turbulent times. SunTec’s Madhur Jain discusses what FIs need to do to manage compliance while meeting customers’ evolving needs. Today’s customer...

FINRA’s guidelines in a recent regulatory notice address a host of concerns around compliance while employees work from home. Smarsh’s Robert Cruz discusses what firms should be doing to address the latest FINRA guidance. FINRA, the government-authorized nonprofit organization that...

The Financial Education & Research Foundation (FERF), the independent nonprofit research affiliate of Financial Executives International (FEI) has released a whitepaper showing a trend baseline for filings with and without material weaknesses prior to the business world's coronavirus pandemic response....

COVID-19 has caused a significant shift in the way financial institutions are doing business. Fenergo’s Rachel Woolley discusses what they must do now in order to minimize financial crime. As seen in a recently released report, the penalties issued to...

Gavin/Solmonese’s Anne Eberhardt explores the opposition to the Corporate Transparency Act of 2019, stemming in part from privacy concerns and worry over the potential compromise of preserving market competitive forces. On October 22, 2019, the House voted to pass the...

Firms need not throw away long-established governance principles to adapt to AI/ML. Rather, as Mayer Brown’s Reginald Goeke, Stephanie Monaco and Leslie Cruz share, companies can modify their existing model risk management systems to address issues raised by AI/ML tools....

The global economy is facing an unprecedented threat; though we are just a few months into the pandemic, it has already disrupted markets far and wide. In the financial markets, the impact is clearly visible across the financial value chain....

Sujata Dasgupta provides an analysis of the upcoming Dutch AML utility – currently under feasibility study – and how it can open up a new world of possibilities in unified transaction monitoring. In the wake of rapidly rising financial crimes,...