How to Outsmart Money Laundering Networks: a New Paradigm for More Efficient AML
This free 30-page eBook explores graph analytics as an AML tool to uncover money laundering networks and improve financial crime ...
Tag: FinCEN
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 ...
FinCEN’s Registry Will Be a Game-Changer. It Will Also Place an Added Burden on Corporations.
The Corporate Transparency Act (CTA) passed last year mandates FinCEN to establish a national registry of ultimate beneficial ownership (UBO) ...
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 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 ...
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 ...
Navigating FinCEN’s Enforcement Factors
FinCEN recently released the factors it will use when deliberating an action against a financial institution for Bank Secrecy Act ...
Compliance Challenges: Crypto and the Travel Rule
A modification has been proposed by FinCEN and the Federal Reserve board to lower the threshold for the requirement to ...
Banks Set to Accelerate Digital Transformation in Response to COVID-19
COVID-19 has caused a significant shift in the way financial institutions are doing business. Fenergo’s Rachel Woolley discusses what they ...
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 ...
Protecting Privacy Rights While Preventing Financial Exploitation
Financial institutions must balance the desire to protect vulnerable clients from financial exploitation with their clients’ rightful expectation that their ...
