Compliance Communications Blog

 

FINRA Finds Challenges Remain for Anti-Money Laundering Compliance

1/2/19: The Financial Industry Regulatory Authority continues to find too many companies struggling to comply with federal anti-money laundering (AML) requirements under FINRA rules, the Bank Secrecy Act, US Treasury regulations, and the Financial Crimes Enforcement Network (FinCen) Customer Due Diligence rule that took effect in May of 2018.  

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Innovative Approaches to Bank Security Act Compliance

12/18/18: A Client Alert by law firm Morrison Foerster reviews the joint statement issued by multiple federal agencies about what they are calling “innovative approaches” to compliance with the Bank Security Act and anti-money laundering laws. 

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The UK's Battle Against Corruption

12/18/18: On December 12, the UK’s Home Office released a news report about the UK being at the forefront of international efforts to tackle corruption. The article provides a good overview of new legislation and resources available to law enforcement agencies in the UK. 

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"The Value of Unexpected Questions"

 

6/30/15: Sometimes hearing an unexpected observation or question provides more results than hearing an answer to a familiar question. Jeff Kaplan, who edits the Conflict of Interest blog, knows a lot about compliance, corruption, and conflicts of interest. So, when he writes about an observation - “In my nearly 25 years...

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"700 Miami Businesses Under Added FinCen Orders"

 

4/29/15: The Financial Crimes Enforcement Network (FinCen), part of the US Treasury, has imposed more stringent requirements on some 700 Miami-area electronics exporters located in Miami, Florida. The action was taken, according to FinCen, to “… shed light on cash transactions that may be tied to...

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