Compliance Archives - Page 19 of 19

Compliance, June – August 2013

Anti-money laundering compliance in the money services business industry

June 3, 2013April 3, 2018 /Leave a comment

Money services businesses (MSB) — including money transmitters and foreign exchange providers — are at least a multi-trillion dollar industry, ranging from small, owner-operated businesses to sophisticated, global organizations. Compliance with anti-money laundering (AML) laws and regulations in this industry is perceived to be fractured...

Compliance, June – August 2013

The regulators role in BSA/AML supervision

June 3, 2013April 3, 2018 /Leave a comment

The following article is based on a review of the testimony of U.S. Comptroller of the Currency, Thomas J. Curry, before the Committee on Banking, Housing, and Urban Affairs of the U.S. Senate on March 7, 2013. The testimony provides insight into the supervisory approach...

Compliance, December 2012 – February 2013

Bank Secrecy Act 101: Six Things Every AML Person Needs to Know

December 4, 2012March 12, 2015 /Leave a comment

While anti-money laundering (AML) specialists are not expected to be Juris Doctors, there are still many laws with which they should be intimately familiar. Of those, perhaps none is more important than the Bank Secrecy Act (BSA). This article will trace the evolution of the...

Compliance, September – November 2012

Reengineering Compliance Strategies as a Counter-Crisis Measure

September 13, 2012March 6, 2015 /1 Comment

During the last two decades, the global communities' efforts in the fight against international crime organizations have been exponentially increased as far as property, capital seizure and control are concerned. Unfortunately these efforts have not had the desired effect when it comes to the movement...

Compliance, June 2012 – August 2012

The Lindbergh Case: How Bankers Helped Solve It

May 29, 2012March 6, 2015 /Leave a comment

If you have either prepared or read a current Suspicious Activity Report (SAR) in the United States, the chances are high that it will involve the structuring of currency transactions. Some bank customers creatively contrive to deposit or withdraw currency to avoid the $10,000 Currency...

Compliance, March 2012 – May 2012

Enforcement Actions Target Employees Who Fail to Report Suspicious Activity

February 29, 2012April 22, 2015 /2 Comments

I have been working in anti-money laundering (AML) for more than a decade and rarely have found public actions as interesting as two published by the Financial Industry Regulatory Authority (FINRA) in December 2011. Most enforcement actions that have been discussed within the industry have...

Compliance, September 2011 – November 2011

9/11… Then and Now, 10 Years Later

September 2, 2011April 9, 2015 /Leave a comment

There are few events in a lifetime that evoke deep seated emotion and vivid recollection. The terrorist attacks against the United States by Al Qaeda on September 11, 2001, are clearly one of those historic moments that remain frozen in our minds. I poignantly remember...

Compliance, Europe, June 2011 – August 2011

Floating Toward Disaster—A List That Looks Convincing Leaves Banks Thinking They are Covered

August 29, 2011September 9, 2015 /Leave a comment

Editor's note: This article is the second in a series that examines how banks can better assess geographical risk. Both at client take-on and in transaction monitoring, geography plays a key role in helping banks carry out their risk-based approach to anti-money laundering (AML) compliance....

ACAMS Today

The Magazine for Career-minded Professionals in the Anti-Money Laundering Field

Assembly Chatter with ACAMS Today: Aaron Kahler

Four Questions: Advice From a BSA/OFAC Officer

NPOs: Risk for Suspicious Activity

Crimen Financiero: Destrucción de la Amazonia de Brasil

CSAM: The Role of Social Media and Jurisdictions

Assembly Chatter with ACAMS Today: Dr. Tanya McCartney

Compliance