Latvian Laundering Opening Eyes Internationally
In February, Global RADAR chronicled a money laundering scandal that took the European Union by storm, as Latvia’s 3rd largest bank (ABLV) was forced to close its doors after…
beneficial Ownership Unmasked
Using Social Media for Customer Due Diligence and Beneficial Ownership Identification
Despite all of the recent controversy surrounding the Facebook brand and their now infamous data breach affecting upwards of 87 million people across the globe, social media as a whole…
Beneficial Ownership unmasked.
Part II: Beneficial Ownership Rule – Applying the Fifth Pillar: The When and the How
With less than a month for the mandatory compliance with the Financial Crimes Enforcement Network’s (FinCEN) final beneficial ownership rule (Rule), most banks and their compliance officers are fine tuning…
Can the World Bank Actually Stop Corruption?
It seems that every few months, we begin to hear the rumblings over new and potentially revolutionary developments in the corruption space that “experts” believe will help shape both the…
Global RADAR Launches New Beneficial Ownership Tool
Global RADAR has announced the launch of its latest offering aimed to make it easier for organizations to manage beneficial ownership requirements. With the looming deadline of May 11, 2018,…
Part I: A Breakdown of FinCEN’s Beneficial Ownership Guidance (a two part series)
Late last month, Global RADAR reported in detail on the fast-approaching beneficial ownership requirements for covered financial institutions (FI’s), regulations from the Financial Crimes Enforcement Network (FinCEN) that come into…
Who are they?
Less than 4 weeks until the new FinCEN CDD Rule goes into effect !
New Customer Due Diligence (CDD) Beneficial Ownership requirements have shifted the focus of compliance to an area that has historically been challenging. More importantly, maintaining and reporting of beneficial ownership…
Beneficial Ownership unmasked.
Facebook Data Scandal Casts Cloud on Tech Privacy, Security
To say its been a rough two week stretch for the Facebook brand and its founder, international icon Mark Zuckerberg, would be an understatement. In mid-March it was discovered that…