Financial Fraud & Anti-Money Laundering

What Financial Institutions Need to Know about the Market Crisis & Ponzi Schemes

Just like May flowers follow April showers, Ponzi schemes implosions often will follow a market crisis. The last example of this phenomenon was the 2008…

Alison Jimenez March 23, 2020

ACAMS: Preventing Terrorist Financing via Art, Antiquities & Oil

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…

Tad Simons March 05, 2020

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