Government Regulation

ACAMS: The latest on sanctions, enforcement actions & emerging trends

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…

Tad Simons October 15, 2020

Understanding Bank Secrecy Act enforcement: New guidelines leave some uncertainty

This article was written by Michael Garcia, a partner in the Miami office of White & Case LLP, and Jeremy Kuester, of counsel in White…

Thomson Reuters Institute October 09, 2020

ACAMS: Analyzing Operation Stolen Promise

When Congress passed the $2.2 trillion Coronavirus Aid, Relief, and Economic Security (CARES) Act in March, officials at the U.S. Department of Homeland Security and…

Tad Simons October 02, 2020

ACAMS: Compliance in the Era of COVID-19, with FinCEN director Kenneth Blanco

Before the COVID-19 pandemic hit, the federal government’s Financial Crimes Enforcement Network (FinCEN) already had its collective hands full investigating cyber-crime, identity theft, drug trafficking,…

Tad Simons September 30, 2020

Shell Companies, Opioid-Related Crime & Unscrupulous Providers: How Medicaid Technology Can Mitigate Fraud & Abuse Risks

While states continue exploring ways to expand Medicaid coverage to eligible individuals and provide important new benefits such as addiction treatment, it’s crucial to remember…

Melissa D. Berry January 14, 2020

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,…

Thomson Reuters 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

Forum Magazine: The New Age of Digital Identity — How Attorneys & Compliance Officers Might Adapt to New ID Models

Our current form of identity is dead. Or at least, the system that declares you are who you say you are, legally, is under extreme…

Joseph Raczynski November 08, 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

Criminal Actors Beware: Healthcare Provider Enrollment Rules Just Got More Stringent & Penalties Much Higher

In the fight against healthcare fraud, the federal government is stepping it up — in a major way. The Centers for Medicare & Medicaid Services…

Melissa D. Berry October 14, 2019

Corruption Report 2019: As Regulators Extend Their Reach, Non-Financial Companies Need to Be Ready

“If you think compliance is expensive, try non-compliance.” — former U.S. Deputy Attorney General Paul McNulty For the past two decades, financial crime risk has…

Thomson Reuters Institute October 04, 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