The collection, processing and transfer of personal information by financial institutions in response to anti-money laundering (AML) requirements worldwide is moving privacy to the forefront of concerns that are being addressed by legislators and regulators. For financial institutions—particularly those with multinational operations—it is becoming...

During the last Egmont Group plenary meeting that took place in Barbados (7-12 June), Mr. Abdul Hafiz Mansour, the Secretary of the Special Investigation Commission (SIC)-FIU of Lebanon, was elected as Vice Chairman for the Egmont Group (EG). Currently, the Egmont Group comprises Financial Intelligence...

Dear Mr. Je-Yoon Shin: On behalf of the Association of Certified Anti-Money Laundering Specialists (ACAMS), please accept our sincere congratulations on your recent appointment as the incoming president of the Financial Action Task Force (FATF). ACAMS is the largest international membership organization dedicated to enhancing...

As large-scale casinos come closer to reality in New York and Massachusetts, licensees and state gaming commissions need to understand and address the federal government’s expectations regarding financial crime compliance programs. “What happens in Vegas, stays in Vegas” may still apply to bachelor parties,...

Someone's knockin' at the door Somebody's ringin' the bell Do me a favor, open the door and let 'em in* At the beginning of each year, major newspapers and magazines do an “In and Out” list. Such lists, partly serious, but mostly tongue in...

On September 10, 2014, approximately 1,000 law enforcement agents from the FBI, IRS-CI, DEA, and HSI stormed the streets of the Los Angeles Fashion District and executed search warrants on reportedly 70 locations searching for evidence of money laundering crimes. This historic effort led...