One of the most powerful agencies in the United States’ international fight against terrorism, drug trafficking, and money laundering is the U.S. Treasury’s Office of…
At financial institutions, routine background checks on new customers, referred to as customer due diligence, are required as part of the industry’s standard know-your-customer protocols.…
When Congress passed the $2.2 trillion Coronavirus Aid, Relief, and Economic Security (CARES) Act in March, officials at the U.S. Department of Homeland Security and…
Before the COVID-19 pandemic hit, the federal government’s Financial Crimes Enforcement Network (FinCEN) already had its collective hands full investigating cyber-crime, identity theft, drug trafficking,…
Terrorists can finance their operations in any number of ways — drug trafficking, smuggling (oil, pharmaceuticals, antiquities), counterfeiting, fraud, theft, kidnapping, and extortion. They’re also…
LAS VEGAS — Wondering what your colleagues in the financial sector are doing to battle financial crimes? Are they using artificial intelligence to spot bad actors?…
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…
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…
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…
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…
HOLLYWOOD, Fla. — At the recent annual Association of Certified Anti-Money Laundering Specialists (ACAMS) conference, I had the great pleasure of moderating an unprecedented all-women…