Author Archives: Brian Monroe
Fincrime Briefing: Seven fincrime ‘fixes,’ OCC offers AML fintech update on automating SAR filings, Venezuela corruption underlings, and more
By Brian Monroebmonroe@acfcs.orgNovember 7, 2019 Quote of the Day: “A lost battle is a battle one thinks one has lost.” – Jean-Paul Sartre, French existentialist philosopher In today’s ACFCS Fincrime Briefing, Jim Richards offers seven “fixes” for bolstering fincrime compliance, OCC offers guidance in letter for bank automating structuring SAR filings, Venezuela corruption investigation, and more. […]
Fincrime Briefing: Deutsche Bank files SAR on itself, video game ‘Counter-Strike’ taken over by fraudsters, investors sue Danske Bank in wake of laundering scandal, and more
By Brian Monroe bmonroe@acfcs.org November 4, 2019 Quote of the Day: “Imagine if you had baseball cards that showed all the performance stats for your people: batting averages, home runs, errors, ERAs, win/loss records. You could see what they did well and poorly and call on the right people to play the right positions in a […]
ACFCS Scholarship Spotlight: In quest to counter cypto crime, Amr Rashed works to build capacity, share understanding on how launderers, terror groups game virtual value
By Brian Monroebmonroe@acfcs.orgNovember 4, 2019 Amr Rashed deeply understands the duality of the nascent but burgeoning cryptocurrency sector. As Head of International Cooperation for the Egyptian Money Laundering Combatting Unit (EMLCU), he has made it his mission to better understand how criminals, terrorists and money laundering syndicates can use virtual worlds to legitimize sullied funds and […]
Fincrime Briefing: DOJ nabs $700 million in 1MDB settlement, EU enlists other countries in fight against terror financing, and more
By Brian Monroebmonroe@acfcs.orgOctober 31, 2019 Quote of the Day: “What footprint do you want to be known for? (It’s) the legacy and the journey that you’re on. Trust in yourself. Trust in the passion you have (inside) yourself.” – Drew Waters, actor on True Detective In today’s ACFCS Fincrime Briefing, the U.S. captures more than $700 […]
Fincrime Briefing: FATF update on beneficial ownership, U.K. SRA dings law firms on AML, Swedbank faces new sanctions, and more
By Brian Monroe bmonroe@acfcs.org October 29, 2019 Quote of the Day: “In a country well governed, poverty is something to be ashamed of. In a country badly governed, wealth is something to be ashamed of.” – Confucius In today’s ACFCS Fincrime Briefing, global watchdog FATF issues new call in beneficial ownership battle, U.K. legal watchdog cites […]
Fincrime Briefing: In historic vote, House passes bill to counter shells, bolster AML, Finra fines BNP $15 million on AML, penny stocks, and more
By Brian Monroe bmonroe@acfcs.org October 24, 2019 Quote of the Day: “I am grateful for what I am and have. My thanksgiving is perpetual.” – Henry David Thoreau In today’s ACFCS Fincrime Briefing, the House in a historic vote moves forward bill targeting anonymous shell firms, strengthening AML defenses, Finra fines BNP Paribas $15 million on […]
Fincrime Briefing: FATF update – Laundering risks from ‘stablecoins,’ more AML pressure on Brazil, McKinsey tackles cyberrisk, Stanford Ponzi settlement, and more
By Brian Monroe bmonroe@acfcs.org October 21, 2019 Quote of the Day: “Our ambition should be to rule ourselves, the true kingdom for each one of us; and true progress is to know more, and be more, and to do more.” – Oscar Wilde In today’s ACFCS Fincrime Briefing, FATF details global money laundering risks from crypto […]
Fincrime Briefing: UBS pays to settle laundering probe, U.S., South Korea take down largest crypto-fueled child exploitation site, DOJ guidance on fines when you can’t pay, and more
By Brian Monroe bmonroe@acfcs.org October 17, 2019 Quote of the Day: “To be yourself in a world that is constantly trying to make you something else is the greatest accomplishment.” – Ralph Waldo Emerson In today’s ACFCS Fincrime Briefing, UBS pays more than 10 million euros to settle tax, laundering probe, U.S., South Korea, Chainalysis and […]
Fincrime Briefing: U.S. accuses Turkey’s Halkbank of Iran sanctions busting, Pakistan struggles in FATF report, Deutsche Bank graft, and more
By Brian Monroe bmonroe@acfcs.org October 15, 2019 Quote of the Day: “There are two ways to live: you can live as if nothing is a miracle; you can live as if everything is a miracle.” – Albert Einstein In today’s ACFCS Fincrime Briefing, the U.S. Treasury accused Halkbank of helping Iran evade sanctions, generating billions of […]
Fincrime Briefing: White House issues executive orders limiting agency guidance, EU AML update, new sanctions target Guptas on graft, and more
By Brian Monroe bmonroe@acfcs.org October 10, 2019 Quote of the Day: “Gratitude is the sign of noble souls.” – Aesop, famous Greek fabulist In today’s ACFCS Fincrime Briefing, the White House issues two executive orders to limit agency ability to issue guidance, EU officials plan stronger AML oversight, enforcement, U.S. targets Gupta family network tied to […]
New non-profit aims at better arming banks, protecting victims against human trafficking by bolstering public-private partnerships, data sharing
Human trafficking By Aaron Kahler, founder, and Adam Furlough, Intelligence Development Manager, ATIIOctober 9, 2019 With minor editing and content additions by ACFCS VP of Content, Brian Monroe A bevy of the brightest minds in financial crime compliance and investigating criminal networks, a broad group cumulatively commanding decades of experience, is taking on one of the sector’s […]
Fincrime Briefing: New McKinsey whitepaper charts compliance convergence, Tether hit with $1.4 trillion lawsuit, and more
By Brian Monroe bmonroe@acfcs.org October 8, 2019 Quote of the Day: “The one exclusive sign of thorough knowledge is the power of teaching.” – Aristotle In today’s ACFCS Fincrime Briefing, a new McKinsey whitepaper touts the virtues of compliance convergence for AML, fraud and cyber, firm behind crypto coin Tether hit with $1.4 trillion lawsuit, new […]