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.…
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…
Without question, compliance functions for financial services firms around the world have matured in the decade since the financial crisis, with many firms enhancing their…
Is the COVID-19 pandemic more quickly moving the world to a cashless society? One where almost all financial transactions are not conducted with physical banknotes…
NEW YORK — With increasing data flow among global financial institutions expanding, compounded by newly minted hybrid financial organizations in FinTech, managing these highly regulated…
The regulatory and legal landscape surrounding the use of business data and its security is rapidly becoming more complex. As state and even individual city…
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,…
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…
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 — When a bank is negotiating the remediation of anti-money laundering compliance weaknesses, it should ensure that it can complete required improvements within…
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…