Financial Fraud & Anti-Money Laundering

LegalWeek 2020: Leveraging AI to Combat Financial Crimes

NEW YORK — With increasing data flow among global financial institutions expanding, compounded by newly minted hybrid financial organizations in FinTech, managing these highly regulated…

Joseph Raczynski February 11, 2020

Earning Cooperation Credit & the Personal Accountability of Executives: What General Counsel Needs to Know

What do corporate counsel need to know about how self-reporting criminal or civil misconduct before a government discovers the violation? Most importantly, it can result…

Melissa D. Berry February 05, 2020

U.S. Casino Group’s Updates to Anti-Money Laundering Guide Include Mobile Gaming, Sports & Marijuana

A U.S. casino industry group this month updated its guidance on anti-money laundering (AML) obligations to take account of developments that include the expansion of…

Brett Wolf January 02, 2020

Biometrics, e-Identification Use Grows for Customer Onboarding, Security & Antifraud Measures

The use of biometrics and e-identification is growing as financial services firms see the benefits of these technologies for client onboarding, security, and anti-fraud measures.…

Rachel Wolcott December 23, 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 November 22, 2019

Accountability Gets Personal: A TRRI Special Report

“If you fail to prepare, you prepare to fail” —Proverb December is the last step in the dance for the sector-by-sector roll-out to solo regulated…

Susannah Hammond November 20, 2019

Migrant Smuggling: What Financial Institutions Need to Know

The disturbing headline of 39 migrants found dead in a refrigerated truck in Essex, England is just the latest story of migrant smuggling that resulted…

Alison Jimenez November 15, 2019

On the Ground at the ACC Annual Meeting: How General Counsel Can Mitigate Crime and Corruption

PHOENIX — Trade secret theft. Bribery. Corruption. Money laundering. Sounds like a lot to keep on your plate, but for today’s general counsel it’s part…

Gina Jurva November 05, 2019

2019 Trends in Fighting Financial Crime: Thomson Reuters/ACAMS Survey Results

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?…

Gina Jurva October 16, 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