Managing an Effective AML Compliance Program
Are the financial transactions within your organization subject to money laundering risk? Do you have a robust internal controls program ...
Tag: Banking
Where Central Banks Stand on Digital Currency
Clamored for in Europe, already implemented in China, Central Bank Digital Currencies (CBDCs) are viewed by many American leaders as ...
Biden’s Inauguration Heralds a New Era in Financial Regulation
Known for its “America First” policy, the Trump administration led a push to roll back financial regulatory measures. As Acuity ...
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 ...
FinCEN’s Proposed Changes to the Recordkeeping and Travel Rule Thresholds
FinCEN has proposed lowering the “Recordkeeping Rule” and “Travel Rule” thresholds, and although the changes would benefit law enforcement, they ...
Banks Worldwide Amass $15B in Fines in 2020, U.S. Banks Account for 73%
Data acquired from the Bank Fines Report 2020 by Finbold.com indicates a total of $15.13 billion (€12.79 billion) in aggregated bank fines last ...
Managing the Climate Risk Mandate
TCS’ Ajay Katara provides insight into how banks and other financial institutions can mitigate risks stemming from climate change, discussing ...
Archiving Fails to Protect Banks and Their Customers in the New Normal
Sponsored Storing data is essential, but with a huge number of electronic communications channels being used today, there is a ...
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 ...
Negative Interest: As a Risk Manager, Should You Be Concerned??
Remember the panic around Y2K? Jay Fitzhugh, Chief Regulatory Officer at Mitratech, discusses why we are facing down a similar ...
Realizing Dynamic KYC in Banking
Sujata Dasgupta explores the emerging concept of perpetual, dynamic KYC and analyzes how AI-powered solutions can form the building blocks ...
Fintech Pressure on Internal Audit
Banks have long outsourced certain audits, but banking-fintech relationships are new ground. Brandi Reynolds discusses a persistent problem in bank ...
