Industry organizations  in each country submitted  comment letters toward the proposed regulations on  U.S. Foreign Account  Tax  Compliance Act  (FATCA), which was released on February 8, 2012. The comments seem to indicate that financial institutions are hesitant to commence their action for FATCA given the...

ACAMS Today had the opportunity to chat with Dr. Christoph Stückelberger, executive director and founder of Globethics.net Foundation in Geneva, Switzerland. Stückelberger is also the professor of Ethics at the University of Basel, Switzerland and has a Ph.D. in theological ethics (peace ethics) and habilitation...

Following much criticism from federal examiners in 2010–2011, financial institutions have had to develop more effective Bank Secrecy Act and anti-money laundering (AML) compliance programs to address heightened regulation and enforcement. Meeting this challenge involves implementing business process improvements, recruiting additional staff and adopting enterprise-wide...