Ep33: How Serious are Office of Foreign Assets Control (OFAC) Sanctions?
The OFAC sanctions can be either comprehensive or selective, using the blocking of assets and trade restrictions to accomplish foreign policy and national security goals. OFAC manages the United State...
12 Helmi 202315min
Ep32: Money Laundering Snow Washing Problem in Canada.
Snow washing refers to hiding illegitimate financial transactions often for purposes of tax evasion in Canada. Canada may have a reputation as a law-abiding and democratic nation, but it is also notor...
10 Helmi 202314min
Ep31: Tribute to the Victims of Turkey and Syria Earthquake.
So sad to see the horrible earthquake destruction that has befallen Turkey and Syria. The regions were already full of refugees and now there are more and more victims. May God bestow them with Mercy....
9 Helmi 202313min
Ep30: Beneficial Ownership Information (BOI) Reporting Rule by FinCEN.
(FinCEN) took a historic step in support of U.S. government efforts to crack down on illicit finance and enhance transparency by issuing a final rule establishing a beneficial ownership information re...
6 Helmi 202310min
Ep29: Consumer Due Diligence Elements.
The CDD Rule has four core requirements. It requires covered financial institutions to establish and maintain written policies and procedures that are reasonably designed to: identify and verify the i...
5 Helmi 202313min
Ep28: What is KYC (Know Your Customer)?
Know Your Customer (KYC) guidelines in financial services require that professionals make an effort to verify the identity, suitability, and risks involved with maintaining a business relationship.
4 Helmi 202311min
Ep27: Vancouver Model, Money Laundering Scheme Exposed in Canada
The impact of The Vancouver Model has been staggering; an unquantifiable amount of lives have been rendered unable to buy or even rent in Vancouver. Despite the impact of the past on the present, we a...
30 Tammi 20237min
Ep26: Money Laundering & The Vancouver Model.
The Vancouver Model is a tactic developed by money launderers to avoid suspicion of drug trafficking and organized crime. Money launderers need to hide the illegal source of funds in order to carry ou...
30 Tammi 20238min
