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 b...

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, financ...

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

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

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 fra...

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

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

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

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

Best of luck to those AML and Compliance Officers in private banks, non-federally insured credit unions, and certain trust companies. On ...

Politically Exposed Persons (or 'PEPs') are non-US individuals who are or have been entrusted with a prominent public or governmental fun...

The OCC is soliciting public comment on 11 topics related to the 'digitization' of banking, including how firms can better leverage techn...

The SEC’s Office of Compliance Inspections and Examinations (OCIE) just released their 2020 examination priorities. Of the seven stated f...

The OCC released their 2020 Bank Supervision Operating Plan, which unsurprisingly features BSA/AML compliance in the number two spot. Thi...

In a speech at the 2019 Money Transmitter Regulators Association Annual Conference on September 11, 2019, FinCEN Deputy Director Jamal El...

FATF published new Guidance for a Risk-Based Approach to Virtual Assets and Virtual Asset Service Providers on June 29, 2019, which updat...

A Senate Committee Hearing on June 19, 2019 discussed plugging the "gap" in US AML requirements, by requiring formal disclosure of ultima...