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What FinTechs Need to Know About AML - Part 2

Beginning in 1950 with the founding of the Office of Foreign Assets Control (“OFAC”) and continuing to the present with the recent...

What FinTechs Need to Know About AML - Part 1

Beginning in 1950 with the founding of the Office of Foreign Assets Control (“OFAC”) and continuing to the present with the recent...

FinCEN Issues List of AML/CFT Priorities

On June 30, the Financial Crimes Enforcement Network (FinCEN), in consultation with many other federal and state regulators, issued the...

The Fight Against Corruption

The Biden Administration issued a National Security Study Memorandum on June 3 instructing federal agencies to increase the fight against...

SEC Issues AML Risk Alert

The SEC’s Division of Examinations is continuing to stress the importance of AML and BSA compliance. If you haven’t seen it, the Division...

Beneficial Owner Reporting Requirements

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

A Note From Our New Chief Revenue Officer

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

NatWest Charged with Criminal AML Violations

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

Firm Fined 500K for AML Failures

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

Updates to FATF Grey List

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

What AMLA 2020 Means to FinTechs

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

New Guidance on SAR Filing Requirements

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

Capital One Fined $390 Million

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

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