Understanding the Two Sides of Bitcoin
Bitcoin was one of the hottest topics in finance last week due to the court ruling in Florida on its legitimacy as a currency, as well as the massive Bitcoin…
Bitcoin was one of the hottest topics in finance last week due to the court ruling in Florida on its legitimacy as a currency, as well as the massive Bitcoin…
As a leading source of news on compliance issues, BSA News Now is published on a daily basis and distributed to over 10,000 readers from fifty four countries. Our editors…
The horrific events that happened last week in Orlando, Florida, could also provide us with certain lessons that can be applied to the AML compliance efforts: The mass shooting at…
Federal regulatory agencies require that the domestic financial institutions they supervise develop written BSA compliance programs that are approved by their respective board of directors and noted in the minutes.…
On May 6, 2016, the U.S. Treasury Department's Financial Crimes Enforcement Network ("FinCEN") published a final rule under the Bank Secrecy Act ("BSA") to codify new customer due diligence ("CDD")…
“Make sure you pay your taxes; otherwise you can get in a lot of trouble.” – Richard M. Nixon Let’s face it: no one likes to pay taxes. Some people…
[mk_blockquote style="quote-style" font_family="none" text_size="12" align="left"]“If you can’t stand the heat, get out of the kitchen.” Harry S. Truman[/mk_blockquote] Recent regulatory developments have compliance officers nationwide very concerned about their jobs…
Current events have brought to the spotlight the implications of having limited or minimal information on beneficial owners of an account. The leak this week of more than 11 million…
Increasingly strict Anti-Money Laundering and Counter Terrorism Financing regulations continue to set the tone for the global financial services industry. Regulatory compliance requirements are on the rise and a number…
Compliance Management Flaws in corporate culture in recent corporate and institutional scandals have been drawing the public’s attention to corporations and other large entities. The concept of “corporate compliance culture”…