They Are Busy at Treasury, FinCEN, and BaFin
This week, John and Elliot discuss several items issued by FinCEN, including elder financial abuse and environmental crime, Treasury Undersecretary Nelson’s visit to Puerto Rico, and BaFin’s fining of...
26 Apr 202414min
The Solutions Series: Tuning and Optimization Part 2
If transaction monitoring thresholds are too sensitive or not sensitive enough, financial institutions run the risk of missing genuine criminal behavior. Likewise, without periodic tuning and optimiza...
24 Apr 202430min
Counterfeit US Passport Cards, Money Laundering Through FanDuel Accounts, Less Risk Management, More
FinCEN issued a Notice about fraud schemes using counterfeit US passport cards this week. The FBI uncovered a complex money laundering strategy using casinos, sportsbooks, and FanDuel accounts. New bi...
19 Apr 202415min
Lots to Discuss and Something Special to Note
This week, John and Elliot discuss Treasury testimony in the US Senate Banking Committee, Treasury’s updated cybersecurity MOU with Ukraine, a DOJ report on pandemic fraud, an interesting article on t...
12 Apr 202415min
Authors of the FATF-OECD Report on Residency and Citizenship by Investment Programmes
The money laundering challenges and potential abuse of the myriad “Residency and Citizenship by Investment Programmes.”: A FATF-OECD Report. Our panellists discuss the 2023 Report and the need for i...
9 Apr 202437min
An Interview With Diane Foley
American Mother: A conversation with Diane Foley, President and Founder of the James W. Foley Legacy Foundation. Diane discusses her book, her decade-long effort to change American policy on hostage n...
8 Apr 202419min
FinCEN, FATF, the British Museum, Export Controls, and More
This week, the US Department of Commerce issued a report about investigations of export control and antiboycott violations. FATF published information about countries’ progress in complying with its R...
5 Apr 202414min
The Solutions Series: Tuning and Optimization
What is Tuning and Optimization? Why should financial institutions do this exercise? Are there any benefits or regulatory prescriptions for it? Josh and Jon, our experts in this field, provide a co...
3 Apr 202417min
