A gentleman, who we will refer to as customer A, walks into a branch of a local community bank and opens a routine personal checking account with an initial $300 cash deposit. The customer is familiar to branch personnel having had several accounts—on and off—over...

Worldwide, the life insurance industry generates a massive flow of funds—some of it might not be as clean as we would like to think. Thankfully, the vast majority of our clients are serious and law abiding citizens whose sole intention is to provide financial peace...

AML compliance departments are being pressed to identify higher risk geographies within the United States. If a financial institution solely bases its domestic high-risk strategy around regions designated as High Intensity Drug Trafficking Areas (HIDTAs) or High Intensity Financial Crimes Areas (HIFCAs), they may be...

The energy was palpable at the inaugural ACAMS AML/CTF Conference–Africa in Johannesburg, South Africa this past November. With participants from over 12 African countries representing compliance, policy, FIUs, and law enforcement, the Hilton conference room was teeming with activity that lasted until the final...