Building a Communication Bridge Between LE and FIs

“Successful collaboration” in any relationship is built upon open and honest communication, which is sustained through a shared desire to accomplish a similar mission. This is critical to establishing, nurturing and maintaining collaboration between law enforcement (LE) and financial institutions (FIs). Conceptually, collaboration sounds easy;...
AML Investigations for Correspondent Banking: A Best Practice Guide

Correspondent banking has long been the backbone of the global financial system, facilitating cross-border payments, enabling international trade and promoting global financial stability. It involves a financial institution (FI), (the correspondent), providing a deposit account or other services to another bank, (the respondent).1 Anti-money laundering...
Better investigations through the five whys method

Customer due diligence (CDD) is a compilation of various requirements under the Bank Secrecy Act like know your customer processes, identification and verification of the identities of beneficial owners for certain legal entities, understanding the purpose of accounts, risk rating at account opening and periodically...