Ladies and gentlemen, thank you for your kind invitation to join this 10th anniversary of the BSA Coalition, an organization that is exactly the model for what I truly believe is essential for effective anti-money laundering (AML)—that is collaboration between the private and public sectors....

As payment firms look to grow into new jurisdictions, it is important they complete a detailed review of the entry requirements. Considering the complex state and federal regulations of the U.S., expanding to the EU could be the right option for many firms. However,...

T echnology capabilities and customers’ expectations have contributed in shaping the financial services industry. The new upsurge of innovations in financial technology or “fintech” is accelerating change in the financial sector. Fintech conveys both opportunity and potential risks to the traditional understanding/concept of financial services....

As the financial industry evolves, crime remains a significant problem. In the fast pace of globalization with many industries joining forces for cross-link business activities, the importance of correspondent banking is increasing. At the same time, we have experienced high pressure from regulators to...

While there is a myriad of reasons why financial access is unavailable or limited, my focus today is on how risk management in the AML or financial crime prevention areas impacts compliance or business decision-making. As I indicated in November, when the financial sector receives...