Haider Settlement
The ex-compliance chief of MoneyGram International Inc. (MoneyGram) is found personally liable for MoneyGram’s AML failures. The lawsuit is unprecedented ...
Tag: Bank Secrecy Act (BSA)
Preparing for Your MSB Independent Review
A critical component of any best practices BSA/AML compliance program is a periodic, independent review. The need for these evaluations ...
Investment Advisers and the Bank Secrecy Act: A Risk-Based Response to FinCEN’s Call to Arms
Earlier this month the New York State Department of Financial Services announced proposed anti-money laundering and terrorist financing regulations. If ...
The Intersection of EDD and Banking Cannabis
As the cannabis industry continues to grow, so does its demand for banking services. Brandi Reynolds champions an enhanced due ...
Using FinCEN Alerts as a Roadmap to Comply With New Anti-Kleptocracy Regulations
FinCEN’s mandate to create a beneficial ownership database will continue creating ripple effects for businesses and individuals across all sectors. ...
How the Biden Administration Has Set the Table to Tackle Corruption
As outlined in a December strategy announcement, the Biden Administration intends to dramatically accelerate the fight against domestic and international ...
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 ...
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 ...
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 ...
Cryptocurrency Challenges and Opportunities
Bitcoin and other cryptocurrencies continue to gain ground as investors buy in, looking for high returns, and as acceptance of ...
Responding to BSA/AML Enforcement: Don’t Make Matters Worse with a Shoddy Action Plan
Facing BSA/AML enforcement, a financial institution’s action plan can either ameliorate or aggravate penalties. Professionals from Deloitte’s anti-money laundering and ...
