Elections on the Horizon
Money in American politics has always involved suspicious participants looking to influence the government by using “donations” as a pressure tactic. Banks and other financial institutions monitoring activity in accounts…
Money in American politics has always involved suspicious participants looking to influence the government by using “donations” as a pressure tactic. Banks and other financial institutions monitoring activity in accounts…
Cybersecurity Requirements in U.S. Banks Over the past week, several developments have emerged on the forefront of the Anti-Money Laundering and Counter Terrorism Financing (AML/CTF) initiative that could drastically alter…
In other news, the United States relations with Haiti have become contentious of late, with the U.S. recently issuing a warning to Haiti to revamp their anti-money laundering (AML) and…
Over the course of the past week, there has been a significant amount of global news related to corruption in various levels of government in multiple countries worldwide. With the…
Technology is dominated by two types of people: those who understand what they do not manage and those who manage what they do not understand. Archibald Putt On August 19,…
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…
[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…