Regulators have yet to spell out exactly how they will implement the new customer due diligence (CDD) rule for financial institutions that the U.S. Treasury Department and the Financial Crimes Enforcement Network finalized on May 11, 2016. However, this does not mean there should be...

The BSA Coalition, which is comprised of bankers, credit union officials, auditors, law enforcement representatives and regulators, held its annual conference on June 21, 2016. The Coalition’s primary objective is to provide tools, resources and expertise to assist financial institutions in creating highly effective...

Today, cyber threats come in a variety of forms.  Whether intended to disrupt an organization's business activities or steal valuable company or customer data, hacks, phishing attacks (a form of internet fraud targeting  credit card and social security numbers, user IDs and bank account passwords)...

I recently completed the inaugural offering of ACAMS’ Sanctions Compliance course. I was probably not ACAMS’ target student, since I already had been working in the sanctions field for over a decade, yet I was drawn to having something formal under my belt (and on...

As we have witnessed over the past few weeks, the debate between Apple and the FBI—regarding accessing encrypted communications—has intensified significantly. The issue at hand—privacy versus security—is one in which we all have a vital stake. The law enforcement challenge of accessing encrypted information has...