How Criminals are Cashing In
Although it appears that some of the luster has worn off of the unprecedented cryptocurrency craze seen between late 2017 and early 2018, these platforms remain very attractive options…
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…
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…
IRS to end offshore voluntary disclosure program
Taxpayers with undisclosed foreign assets urged to come forward now The Internal Revenue Service announced on March 13, 2018 that it will begin to ramp down the 2014 Offshore Voluntary…
Cyber security concept, circuit board with Closed Padlock
How to Become A Citizen of the World
Many of us grew up fans of the timeless board game Monopoly, a game that gave many operating professionally within the financial realm today their first taste of basic economics…
Sanctions Update: Is the Iran Nuclear Deal in Jeopardy?
Although controversial to this day, the 2015 Iran nuclear deal is widely considered the signature foreign policy move made by Barack Obama during his tenure as President of the…
The European Union’s Crypto-Quandary
Since their grand introduction on the global stage, cryptocurrencies have been the subject of great debate amongst the masses, particularly in the financial sphere where potential threats that have emerged…
Everyday Technology Posing New Compliance Risks?
The growth and reliance on technology in the financial realm in recent years has opened new doors for financial service enterprises across the globe to promote better, more efficient practices,…
OCC Risk Report: New Risks for U.S. Banks?
The Office of the Comptroller of the Currency (OCC) has just released its semiannual risk report, highlighting a series of strategic, credit, operational and compliance risks facing the United…