Issues involving the independent reviews of Bank Secrecy Act/anti-money laundering (BSA/AML) were amongst the most frequently cited BSA/AML examination findings for community banking organizations by the Richmond Federal Reserve from 2014 to mid-2017. The independent review issues were centered in two primary areas: (1)...

High-profile organizational changes in banks and other financial institutions may present media-savvy fraudsters with opportunities to commit scams on unsuspecting customers. Law enforcement, financial institutions and the government should continuously recalibrate how they partner to address fraud, which could be far too complex for each...

Myths continue to girdle virtual (crypto) currencies, including that they are anonymous and exclusively used by criminals to purchase items on the darknet or to launder money. Bitcoin is most commonly associated with these myths, despite the fact that it is not anonymous, but rather...

As techniques, typologies, schemes and conduits used for money laundering and terrorist financing become more complex, sophisticated and less transparent, the ability to prove an individual(s) is criminally culpable will continue to be a challenge faced by attorneys, law enforcement and criminal investigators throughout...