The European Union’s Battle Against Financial Fraud: Confronting the Threats Ahead

Financial fraud remains a significant threat to the stability and integrity of the European financial system, particularly as digital transactions and cross-border payments grow in both speed, volume and complexity.1 The European Banking Authority (EBA) and the European Central Bank (ECB) have taken active roles...
New FinCEN Rule: Long-Awaited AML Requirements for RIAs Is Here

As the registered investment advisery sector continues to grow, so do regulatory expectations. Effective in 2026, registered investment advisers (RIAs) will be considered “financial institutions” (FIs) according to a final rule recently issued by the Financial Crimes Enforcement Network (FinCEN). The final rule1 will require...
Due Diligence and Preventing the Illicit Use of the Financial System

The U.S. is one of the leading, most stable and secure economies in the world. As a result, huge numbers of entities want to place their money in U.S. financial institutions (FIs). This includes legitimate individuals and businesses, but it also includes money launderers, fraudsters,...