The long-awaited Corporate Transparency Act (CTA) is officially in effect as of January 1st, requiring beneficial ownership reporting for both American and foreign companies. The very goal of the CTA is in its name: transparency. Given the increasing prevalence of financial crime seen domestically and abroad, the United States is seeking to expose criminal and […]
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2022 was a landmark year for ransomware attacks on major businesses and government agencies both domestically and abroad, with the prevalence of high-profile attacks continuing to rise
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Canadian multinational banking and financial services staple TD Bank is bracing themselves for a potential regulatory storm the likes of which they have never encountered. Reports emerged last week indicating that the financial giant is currently battling claims that their domestic operations are riddled with anti-money laundering-related deficiencies, with the firm expected to face multiple […]
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In spite of the advanced precautions taken by the federal government, as well as an increase in awareness by both domestic financial institutions and the general public that have helped to better counter illicit financial activity as it relates to terrorism, recent developments have kept the terrorist threat to American interests significant. While a heavy […]
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In financial crime compliance, particularly in the domain of sanctions screening, the challenge of false positives can be a significant hurdle for institutions. False positives occur when screening software incorrectly identifies a transaction or individual as matching a sanctions list, leading to unnecessary delays and manual reviews. To combat this issue, automated screening software employs […]
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Keeping their foot on the gas pedal with respect to measures to slow the spread of financial crime both domestically and abroad, the United States government has continued to remain vigilant
Read More In wake of the Russia-Ukraine military conflict, several European Union (EU) member states received much-deserved international praise for their openness in harboring displaced migrants
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The American financial sector was shaken in the month of March following a series of major banking failures that led to the demise of several notable financial institutions, leaving many
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As part of the United States growing efforts to crack down on corporate crime and other white-collar criminal exploits, the U.S. Justice Department (DOJ) recently announced the creation
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The United States government is continuing to ramp up its crackdown on illegal cryptocurrency activity, this as yet another prominent exchange comes under fire after a string
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