What Have We Learned from the FinCEN Files?
This year, the Financial Crimes Enforcement Network (FinCEN) was the victim of a massive leak of thousands of highly confidential financial documents that ultimately ended up in the hands of…
Senate: Russian Oligarchs Expand Laundering Efforts Into the Arts
A bipartisan investigation published by the United States Senate last week revealed a troubling finding with the potential to rock the realm of anti-money laundering (AML) at the international level.…
The Importance of Staying Current With Regulatory Compliance
The Currency and Foreign Transactions Reporting Act (frequently referred to as the Bank Secrecy Act or “BSA”) has stood at the heart of regulatory compliance in the United States over…
Weekly Roundup
Weekly Roundup European Union Seeking Expansion on AML Scrutiny The European Commission, the European Union’s (EU) executive branch responsible for proposing and enforcing Euro legislation, has reportedly aimed to expand…
Managing Vendor Risk Through Effective Due Diligence in the Age of Pandemics: The COVID19 Impact
With the widespread effects of the novel Coronavirus (COVID-19) pandemic continuing to be felt across the globe, it is readily apparent that the vast majority of businesses and financial institutions…
On The Radar: North Korean Cyber Activities A Threat To U.S. Interests?
On The Radar: North Korean Cyber Activities A Threat To U.S. Interests? Last week, several United States governmental department’s issued a joint advisory warning Americans and their international counterparts of…
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…
De-Risking Sparks Controversy At U.S.-Mexico Border
Between late 2016 and early 2017, Global RADAR ran several spotlight features on a trend now infamously known as “de-risking”, where financial institutions generally based in well-developed countries (i.e. 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…
Compliance Officer Risk
Is Being A Compliance Officer Worth the Risk?
In June of 2016, Global RADAR featured a story on a trend that was beginning to have a sizable impact on the realm of regulatory compliance and financial security both…