Financial Crime

Shedding Some Light on the Dark Web for Legal Researchers

To many people, the Dark Web means the shadowy part of the Internet where drug dealers, gun runners, child pornographers, and white supremacists go to…

Don MacLeod October 08, 2019

Corruption Report 2019: As Regulators Extend Their Reach, Non-Financial Companies Need to Be Ready

“If you think compliance is expensive, try non-compliance.” — former U.S. Deputy Attorney General Paul McNulty For the past two decades, financial crime risk has…

Legal Executive Institute October 04, 2019

ACAMS 2019: Amid International Push to Regulate Cryptocurrencies, Banks Try to Keep the Gates Closed

LAS VEGAS — As a nascent international anti-money laundering (AML) push to ensure global regulation of cryptocurrencies advances, most banks continue to take steps to…

Brett Wolf October 01, 2019

ACAMS Conference 2019: Regulators’ Panel Sees Banks’ Anti-Money Laundering Weak Points

LAS VEGAS — When a bank is negotiating the remediation of anti-money laundering compliance weaknesses, it should ensure that it can complete required improvements within…

Brett Wolf September 26, 2019

In the Quest for the Perfect SAR, Balance May be Better

Anti-money laundering (AML) practitioners can barely go a week without receiving an invitation to a presentation promising how to create the “perfect” Suspicious Activity Report…

Michael Schidlow September 20, 2019

Marijuana, Hemp & CBD-Related Businesses: It’s Complicated: Part 2

In a new two-part blog series, “Marijuana, Hemp & CBD-Related Businesses: It’s Complicated”, we will examine how financial institutions are trying to sort through various…

Gina Jurva September 04, 2019

Stratifying Risk Appetite for Marijuana-Related Business Banking

Providing banking services to marijuana-related businesses (MRBs) continues to present a two-fold risk to the U.S. financial sector: i) the mire of state versus federal…

Michael Schidlow August 29, 2019

New Report Asks if Banks Are Really Ready for Legal Marijuana

As marijuana becomes more accepted as both a medical and recreational option and more U.S. states legalize or consider legalization of marijuana, the federal government,…

Legal Executive Institute August 27, 2019

Cop on the Street: What Can a Cop Learn about Counter-Terrorism from a Fighter Pilot?

In a new, occasional blog series titled, “Cop on the Street”, we will explore practical insights on matters critical to law enforcement officers. Today’s cop…

Ray Guidetti August 08, 2019

Casinos: Keeping In Line With Title 31 (Part 1)

In a new two-part blog series, we examine how casinos are on the front lines of money laundering investigations amid rising government enforcement actions. Will…

Legal Executive Institute August 06, 2019

Jeffrey Epstein Moved Money Abroad via Deutsche, Records Show

Deutsche Bank earlier this year unearthed and reported to the U.S. Treasury Department suspicious international transactions involving Jeffrey Epstein, the wealthy financier facing federal sex…

Brett Wolf August 01, 2019

INTERVIEW: Marijuana Firms Slowly Gain Bank Access, Says Ex-U.S. Treasury Official

A "fear factor" that has kept banks from serving marijuana-related businesses in the United States is easing amid changing attitudes on Capitol Hill. As a…

Brett Wolf July 25, 2019