QuantaVerse Launches New Financial Crime Investigation Report
QuantaVerse Adds New FCIR to Speed Initial Reviews of TMS Alert Investigations Wayne, PA (January 20, 2021) – QuantaVerse, which uses AI ...
Tag: AML
Anti-money laundering or AML refers to laws and regulations designed to prevent people from hiding money that they’ve obtained in illegal ways. From a compliance standpoint, AML regulations require that banks and other financial institutions follow rules and regulations to ensure they’re not issuing credit to or opening accounts for people who are participating in money laundering schemes or activities.
AML compliance officers are often appointed to oversee AML policies and ensure that organizations are compliant.
The following articles and resources cover many aspects of anti-money laundering as it relates to compliance and risk management.
SEC Division of Examinations Announces 2021 Examination Priorities
Washington D.C. (March 3, 2021) — The Securities and Exchange Commission’s Division of Examinations today announced its 2021 examination priorities, ...
How the Corporate Transparency Act Shakes Up AML: Beneficial Ownership Updates and More
The CTA changes what constitutes beneficial ownership and establishes more robust automated data collection. In addition, it increases responsibilities and ...
Cashless Payments: AML and BSA Risk Management
The COVID-19 pandemic has led to more interest in cashless payments in the gaming industry, but casinos need to consider ...
The Corporate Transparency Act: Pulling Back the Veil
The Corporate Transparency Act (CTA) will require millions of U.S. businesses to provide beneficial ownership information to the federal government. ...
The Controversy Surrounding the Corporate Transparency Act
Gavin/Solmonese’s Anne Eberhardt explores the opposition to the Corporate Transparency Act of 2019, stemming in part from privacy concerns and ...
The Most Significant Change to AML Rules Since the Patriot Act
Anti-money laundering laws have now seen the most significant reformation of the Bank Secrecy Act since the adoption of the ...
The Top Regulatory Trends to Watch in 2021
Whether it’s global reforms in combatting financial crime, the impact of Brexit or the acceleration of digitalization in financial services, ...
The Mafia’s Jackpot: How Criminal Organizations are Profiting from COVID-19
Mafia groups are taking advantage of the COVID-19 crisis to acquire bankrupt entities for their nefarious purposes. Pideeco’s Stefano Siggia ...
Identifying and Preventing Money Laundering in a Pandemic
“In every crisis, an opportunity:” the criminal’s motto, probably. Financial crime compliance consultant Shubham Jain discusses what banks can do ...
The Trouble with Weak AML & CFT Compliance Programs
Timur Mussin, CCO at ForteBank, discusses the importance of a strong ethics and compliance program and explores some of the ...
Rethinking the Suspicious Activity Report
Recent coverage of the FinCEN data leak has illuminated the need for an evolution in SAR filing. Hummingbird CEO Joe ...
