TRACE: FIFA’s Red Card
Ken Bensinger discusses his fascinating book, "Red Card," and the decades of misconduct by FIFA eventually uncovered by the FBI. ...
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.
Betting on Compliance: The Supreme Court’s Decision in Murphy v. NCAA
Q&A with Nicole Sprinzen of Cozen O’Connor With the U.S. Supreme Court’s decision in Murphy v. NCAA on May 14, ...
Regulatory Oversight for Cryptocurrency?
What Crypto Exchangers and Administrators Need to Know U.S. regulators have recently joined with an international coalition of tax enforcement ...
2019: Will Money Launderers Meet Their Match?
The Outlook for AML in the Year Ahead 2018 proved to be a challenging year in the fight against money ...
How Shell Companies Might be Circumventing FinCEN’s Beneficial Ownership Rule
FinCEN issued the final rule on customer due diligence on the heels of the Panama Papers scandal, and we’re now ...
Between Scylla and Charybdis: Chinese Banks Navigate PRC Secrecy Laws and US Subpoenas
Wendy Wysong and team discuss a recent U.S. court ruling that reinforces the well-understood rule that non-U.S. banks with branches ...
ICA Launches Specialist Certificate in Money-Laundering Risk in New Technology
This new qualification is the first of its kind to consolidate the opportunities and financial crime risks surrounding new and ...
Hogan Lovells: Global Bribery and Corruption Outlook 2021
As we enter 2021 with considerable uncertainty, a new report from Hogan Lovells highlights expectations for a year that will ...
Adverse Media Screening: Relying on Google Alone Can Expose Organizations to Risk
Regulatory agencies around the world emphasize the importance of mitigating risks through adverse media screening. In fact, screening for negative ...
With Updated AML/CFT Priorities, Businesses Across Verticals Face Unprecedented Exposure to FinCEN and OFAC Scrutiny
Updated enforcement priorities and guidance on facilitating ransomware payments remind companies of all types to establish holistic AML policies and ...
Voyager Digital Adds NICE Actimize AML Essentials to Crypto Trading App
Voyager Adds NICE Actimize Suspicious Activity and Customer Due Diligence Functions to Growing Crytpo Trading App Voyager Digital, a cryptocurrency ...
A Laundry List of Compliance Failures Landed BitMEX a $100M Penalty from CFTC and FinCEN
In a recent assessment, CFTC and FinCEN found the virtual currency exchange BitMEX lacked a number of licenses and had ...
