El Salvador’s Crypto-Bro President Is Flirting with AML Disaster
The speed and haste by which El Salvador adopted Bitcoin as legal tender has opened the door for significant risk ...
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.
The Biden Administration’s New Attack on Corruption: What Businesses Need to Know
Though broad in scope, the Biden Administration's plan to counter domestic and international corruption follows four primary lines of effort. ...
DOJ Enforcement in 2022: What the Monaco Memo and US Anti-Corruption Strategy Forecast for the Year Ahead
DOJ's latest remarks (via Deputy Attorney General Lisa Monaco) on corporate criminal enforcement carry important implications for compliance teams. Going ...
Trends in White Collar Crime Enforcement: Looking Back on 2021 and Ahead to 2022
2022 will probably be a lot like 2021, only more so. With most key federal positions filled, the Biden Administration ...
With Salvadoran Adoption of Bitcoin, Firms Must Navigate Uncharted Waters
In September 2021, El Salvador became the first country to adopt bitcoin as legal tender. It will likely not be ...
UBOs Often Remain Elusive Despite Repeated Regulatory Efforts
After repeated investigations that have laid bare the struggle governments have in identifying the ultimate beneficial owners implicated in money ...
Blockchain Startup TRM Labs Announces $60M Series B Round Led by Tiger Global
Blockchain startup TRM Labs announced that it raised $60 million in a Series B round led by Tiger Global with ...
Reimagining Enterprise Fraud Risk Management
A Digital Transformation Increased sophistication in technology platforms, banking channels and digital initiatives has ushered in transformation in the banking ...
The Looming Risk of Money Laundering
Anti-money laundering measures are heavily weighted toward the financial sector, but most criminals have figured this out, and are turning ...
The Asia-Pacific Top 10 FCPA Enforcement Actions of 2017
Asia Pacific continues to give rise to a large number of Foreign Corrupt Practices Act (FCPA) enforcement actions. Four of ...
Identifying and Verifying Ultimate Beneficial Owners
Getting the Full Picture, Fast Comprehensively identifying and verifying corporate hierarchies and ultimate beneficial owners (UBOs) has become increasingly important ...
How U.S. Cities Fight Money Laundering
Money Laundering Enters Real Estate In this article, Jay Ryan, Executive Vice President at Accuity discusses measures U.S. cities are taking to combat ...
