1/14/19: If there were any question about the globalization of corruption and enforcement, the case of three former Credit Suisse bankers should put the question to rest. The bankers were recently arrested in London on US charges for fraud in Mozambique.
Compliance Communications Blog
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.
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.