Financial Fraud & Anti-Money Laundering

Financial institutions should expect tighter regulation, more fraud & increasing automation in the “New Normal”

The financial services industry has experienced an uptick in business due to the CARES Act and the issuance of Payroll Protection Program (PPP) loans. In…

Bre Hamilton June 04, 2020

Global supply chain risks in the middle of a pandemic

The recent COVID-19 crisis has shone an amplified spotlight on global supply chain risk. The modern supply chain already is a complex web of manufacturers,…

Gina Jurva May 29, 2020

Disaster fraud: Government warns COVID-19 is the perfect storm for scammers

Disaster fraud, a deliberate act to defraud individuals or the government after a catastrophe, has become an imminent problem during the COVID-19 crisis, creating a…

Gina Jurva May 07, 2020

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