Dennis M. Lormel’s Statement before the U.S. Senate Banking Subcommittee on National Security, International Trade and Finance Hearing
Good afternoon Chairman Sasse, Ranking Member Donnelly and distinguished members of the subcommittee. My name is Dennis M. Lormel. I have been engaged in the...
Sluicing Public Data
Gold takes the crown for being the most useful metal on Earth. Not only is it eye-catching, making it a particularly popular choice for jewelry,…
Final Rule: Achieving Successful Implementation
As the May 11 deadline is approaching, covered financial institutions (FIs), such as banks, federally insured credit unions, dealers in securities or brokers, and...
Assessing Terrorist Financing Through the Lens of the Terrorist Attack Cycle
As we move through 2018, we continue to witness the evolution and devolution of different terrorist organizations. For example, when the Islamic State of Iraq...
Whales, Sharks and Flounders: Conceptualizing Real-World Money Laundering
If you are in the anti-money laundering (AML) profession there is no doubt you are familiar with the placement, layering and integration (PLI) model. It...
How Artificial Intelligence Can Help Overcome Challenges in Correspondent Banking Relationships
The capacity to send and receive international payments through correspondent banking is critical to the global economy as financial institutions rely on these relationships...