Financial Institutions

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

Cybersecurity Strategy for a Threatening Landscape: Webinar Recap

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…

Legal Executive Institute December 06, 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

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

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 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

Marijuana, Hemp & CBD-Related Businesses: It’s Complicated: Part 2

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…

Gina Jurva September 04, 2019

Stratifying Risk Appetite for Marijuana-Related Business Banking

Providing banking services to marijuana-related businesses (MRBs) continues to present a two-fold risk to the U.S. financial sector: i) the mire of state versus federal…

Michael Schidlow August 29, 2019

Marijuana, Hemp & CBD-Related Businesses: It’s Complicated (Part 1)

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…

Gina Jurva August 22, 2019

Casinos: Keeping In Line With Title 31 (Part 1)

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…

Legal Executive Institute August 06, 2019

INTERVIEW: Marijuana Firms Slowly Gain Bank Access, Says Ex-U.S. Treasury Official

A "fear factor" that has kept banks from serving marijuana-related businesses in the United States is easing amid changing attitudes on Capitol Hill. As a…

Brett Wolf July 25, 2019