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Compliance
Thursday, May 12, 2016
In tandem with finalizing CDD ‘beneficial ownership’ rule, US government releases proposed rules »
Even as the US Treasury issues final rules requiring banks to capture the “beneficial owners” of companies, it still needs...
Thursday, May 5, 2016
In the world of international due diligence, add these letters: KYI, or know your investigator »
Global banks are under more pressure than ever to accurately risk-rate the potential financial crime futures of their curr...
Thursday, April 28, 2016
A lookback at departing FinCEN leader’s legacy, Shasky Calvery »
As the director of the country’s financial intelligence unit reportedly departs for a new position at a foreign bank batte...
Sunday, April 10, 2016
Three perspectives on the Panama Papers: Law enforcement, compliance experts and policy makers »
The leak of more than 11 million records from a Panamanian law firm revealing how offshore secrecy apparently helped shiel...
Thursday, April 7, 2016
Why Should Small Financial Institutions Perform Compliance Risk Assessments? »
*special contributor report* By  James DeFrantz Principal at Virtual Compliance Management jdefrantz@v...
Thursday, March 31, 2016
US guidance on prepaid card sector tightens scrutiny on customers, audits for key players »
New guidance on customer identification duties in the prepaid sector adds a fresh layer of complexity for banks, shifting...
Thursday, March 24, 2016
WHEN TO HOLD ’EM AND WHEN TO FILE ’EM – A TWO PART SERIES ON SAR FILINGS: The decision »
By  James DeFrantz Principal at Virtual Compliance Management jdefrantz@vcm4you.com March 24, 2016...
Thursday, March 17, 2016
When to Hold ’em and When to file ’em- A Two Part series on SAR filings, special contributor report »
By  James DeFrantz Principal at Virtual Compliance Management jdefrantz@vcm4you.com March 17, 2016...
Thursday, March 17, 2016
FinCEN warns MSBs on agent oversight, foreshadowing greater scrutiny and potential penalties »
The US Treasury is warning anew that both money services businesses and their designated agents must have full anti-money...
Thursday, March 10, 2016
OCC finally comments on bank ‘de-risking,’ weighing guidance on risk-related compliance decisions »
The regulator of the nation’s largest banks is analyzing whether it needs to release guidance tied to the practice of “de-...
Thursday, February 25, 2016   (0 Comments - view/add)
Trying to create, promote a culture of compliance? Here are four non-AML areas »
In trying to create, achieve and implement the elusive “culture of compliance” when it comes to financial crime controls –...
Thursday, February 4, 2016
Why financial crime detection and prevention matters »
  * This story is part of a new ACFCS initiative to tell some of the real stories and share some of the victories, la...
Thursday, January 28, 2016   (0 Comments - view/add)
Face-lifting the Culture of Anti-Money Laundering Compliance: shift archaic dynamics to improve resu »
Submitted by ACFCS member Ravon Taylor III partner at Taylor Griffin & Associates AML Solutions http://ww...
Thursday, January 28, 2016
Face-lifting the Culture of Anti-Money Laundering Compliance: shift dynamics to improve results »
Submitted by ACFCS member Ravon Taylor III  partner at Taylor Griffin & Associates AML Solutions http://w...
Thursday, January 21, 2016
Judge’s ruling affirming individual liability for AML program failures »
A ruling earlier this month by a U.S. district court judge in Minnesota stating compliance officers can be held legally li...
Thursday, January 14, 2016
FinCEN expands GTO powers to real estate sectors in Manhattan and Miami »
The US Financial Crimes Enforcement Network (FinCEN) is expanding its use of a powerful tool to snare more information on...
Thursday, January 7, 2016
Finra priorities in 2016: AML, cybersecurity, data quality, compliance culture »
The self-regulatory body responsible for broad examination and enforcement of the nation’s securities’ sector has highligh...
Thursday, January 7, 2016
Q & A with Andres Betancourt, Senior Associate, Forensic Investigations and Advisory Services »
Q & A with  Andres Betancourt,  Senior Associate, Forensic Investigations and Advisory Services at Grant T...
Thursday, January 7, 2016
What’s Coming in Compliance in 2016: More focus on data and ownership, and more »
Not surprisingly, many of the key hot topics and trends from 2015 will be even bigger issues in 2016, such as the accuracy...
Thursday, December 31, 2015
Financial Crime Compliance Lookback: The enforcement actions and trends that shaped 2015 »
Looking back at 2015 for compliance professionals, there are several key themes strewn throughout the year's many notable...
Thursday, December 24, 2015
OCC: Wells Fargo must bolster AML risk assessment, CDD processes tied to wholesale banking group »
The US Treasury’s Office of the Comptroller of the Currency (OCC) has issued a lengthy and prescriptive “consent cease and...
Thursday, December 10, 2015   (0 Comments - view/add)
Canada’s FIU sees surge in suspicious filings tied to China, analysts say Russia launders billions.. »
In this week’s Financial Crime Wave, Canada’s FIU sees a surge in suspicious bank transaction filings tied to China, analy...
Thursday, December 10, 2015   (0 Comments - view/add)
Canada’s FIU sees surge in suspicious filings tied to China, analysts say Russia launders billions.. »
In this week’s Financial Crime Wave, Canada’s FIU sees a surge in suspicious bank transaction filings tied to China, analy...
Thursday, December 10, 2015
US, UK penalties against two banks for AML, corruption failings evince gaps in compliance culture... »
In two recent bank penalties involving two countries, three regulators and nearly $150 million in combined fines, the fail...
Thursday, December 3, 2015
Compliance professionals may balk at proposal requiring CCOs to ‘certify’ effectiveness systems »
New York is likely to face resistance in implementing a new proposal requiring the top compliance cops at financial instit...
Thursday, December 3, 2015
US expands sprawling FIFA graft probe, FATF highlights challenges of criminals moving bulk cash »
In this week’s Financial Crime Wave, US investigators expand FIFA graft probe, FATF highlights persistent challenges of cr...
Wednesday, December 2, 2015
Compliance professionals may balk at New York proposal requiring CCOs to ‘certify’ effectiveness »
New York is likely to face resistance in implementing a new proposal requiring the top compliance cops at financial instit...
Tuesday, November 24, 2015
Why financial crime detection and prevention matters: real stories »
Between increasing regulatory pressure, higher expected standards and rising personal liability, it can be difficult at ti...
Thursday, November 12, 2015
New DOJ metrics for an ‘effective’ compliance program can aid in defining infractions »
The unveiling of key metrics that would make up what US federal prosecutors consider an “effective” corporate and financia...
Thursday, November 12, 2015
What the DOJ wants to see in the application of new corporate compliance metrics: expert commentary »
Here is an analysis of the just-released US Department of Justice corporate compliance metrics by experts David Caruso, Ry...
Thursday, November 12, 2015
Common compliance failures in correspondent banking: Strong corporate cultures vital »
In this Financial Crimecast, “Common Compliance Failures in Correspondent Banking," Managing Director of ManchesterCF Kim...
Thursday, November 12, 2015
What the DOJ wants to see in the application of new corporate compliance metrics: expert commentary »
Here is an analysis of the just-released US Department of Justice corporate compliance metrics by experts David Caruso, Ry...
Thursday, November 12, 2015
New DOJ metrics for an ‘effective’ compliance program can aid in defining regulatory, ... »
The unveiling of key metrics that would make up what US federal prosecutors consider an “effective” corporate and financia...
Thursday, October 29, 2015
In face of ‘snowballing regulations,’ compliance staffers, budgets may be stretched »
Many financial crime compliance teams are struggling under the strain of new, ongoing and overlapping international regula...
Thursday, October 29, 2015
FATF roundup: Vanuatu broadly has ‘inadequate’ AML standards »
A global financial crime watchdog group has issued a multitude of updates and reports in recent weeks on key issues, from...

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