Carl Francois, Author at ACAMS Today

ACAMS Connection, Community Banking Corner, Featured Column

FinCEN’s Beneficial Ownership Reporting for Community Banks

October 10, 2024October 29, 2024 /Leave a comment

In response to the Panama Papers, the U.S. government reacted by establishing the beneficial ownership requirements for legal entities, which began in 2018. This was the status quo until January 2021, when the Corporate Transparency Act (CTA) was passed into law. However, the CTA did...

ACAMS Connection, Community Banking Corner, Featured Column

Technology and Public-Private Partnerships

September 13, 2024September 27, 2024 /Leave a comment

As the battle over financial crimes evolves over time, it is of the utmost importance to leverage two key assets: technology and partnerships. Criminals are making ever more use of technology to perpetrate scams and frauds and launder money. In addition, they have learned to...

Community Banking Corner, June – August 2024

Community Banks United: Building a Task Force

June 14, 2024 /Leave a comment

The scope of what is considered a “community bank” varies depending on with whom you speak. The Federal Reserve considers institutions with less than $10 billion in assets to fit the description of a community bank. However, smaller institutions have some challenges that larger institutions...