Demonstrating data completeness and integrity (DC&I) for mission-critical applications is a necessary step for financial services institutions working to address the anti-money laundering (AML) model validation guidelines issued by the Office of the Comptroller of the Currency (OCC)—"Supervisory Guidance On Model Risk Management" and the...

After lingering in regulatory limbo for the last four years, the Financial Crimes Enforcement Network (FinCEN) published the new customer due diligence (CDD) beneficial ownership final ruling in 2016, creating the “fifth pillar” of the Bank Secrecy Act (BSA).1 Regulators were always clear that formalizing...

Good morning Chairman Crapo, Ranking Member Brown and distinguished members of the Committee. Thank you for the opportunity to testify before you today. My name is Dennis M. Lormel. I have been engaged in the fight against money laundering, financial crimes, terrorist financing and other...

I appreciate the opportunity to discuss the major progress and commitment of the gaming industry to anti-money laundering (AML) success and improvement. As we all know, without the full support of compliance, legal and business professionals to make AML a better place regarding the detection...