The first tangible sign of FinCEN moving forward with implementation of the Anti-Money Laundering Act (AMLA) of 2020 comes just as...

As a longtime banker in the highly regulated financial services sector working with client onboardings, I experienced firsthand the...

A Michigan credit union consented to a cease-and-desist order issued by the National Credit Union Administration Board (NCUA) for AML...

The UK's FCA brought criminal proceedings against NatWest for AML violations, which is the first criminal prosecution against a bank for...

A US broker-dealer was fined $450K for AML violations by FINRA because it failed to detect suspicious low-priced securities trading and...

During the FATF plenary sessions in late February, the organization added the following countries to their "grey list" (i.e., those...

The Anti-Money Laundering Act of 2020, which went into effect in January 2021, is the most sweeping change to the AML regulations since...

The 2021 Report on FINRA’s Examination and Risk Monitoring Program highlights AML as one of the organization’s areas of focus. FINRA...

On January 19, FinCEN jointly with other banking regulators issued a FAQ document relating to the filing of Suspicious Activity Reports...

The Financial Crimes Enforcement Network (FinCEN) announced on January 15 that Capital One, National Association (Capital One) was fined...

Staying on top of the dozens of overlapping and ever-changing Anti-Money Laundering (AML) and Know Your Customer (KYC) requirements can...

The UK is introducing its new sanction regime in preparation for a future outside of the EU. As of 11pm on the 31st December 2020,...

On December 18, FinCEN gave another gift to the cryptocurrency industry. It proposed a rule applicable to banks and money service...

There’s a common misconception -- reinforced by many well known identity verification providers -- that simply verifying a customer’s...

Penny Stocks have been a vehicle for criminal conduct for decades – from pump-and-dump schemes to more traditional money laundering. Yet...

What do social media, unemployment, our aging population and the search for a soulmate have in common? They are all opportunities for...

A CCO and AML Officer of a small Miami-based broker-dealer settled charges brought against her personally by FINRA for failure to...

While criminal and fraudulent activity has plagued the financial system since its inception, the pandemic unleashed a whole new set of...

Tis the Season … In addition to the usual acts of giving throughout the holidays, this year is expected to see an increase in...

The trend of holding executives personally liable for anti-money laundering and compliance failures by their organizations continues.