I am a strong proponent of conducting a risks assessment as part of an overall ethics and compliance program. However, I often caution companies to balance benefits and costs, and not to conduct a ...

The year 2023 promises to be exciting for Fintech. On the upside, the web 3.0 economy is poised for significant growth as decentralization favors creatives and community with its lower costs and lower ...

Add to Calendar: Add to Calendar: 2021-09-23 19:00:00 2021-09-23 20:00:00 Integrating a Risk Assessment into an AML Program Event Description The FATF recommendations and regulators encourage ...

How smart is your AI-powered tool if the data it relies on is flawed? AI, and especially agentic AI tools, are evolving at a rapid speed, with the use of AI increasing from 33% in 2023 to 71% as of ...

On Sept. 16, 2020, the U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) issued an Advance Notice of Proposed Rulemaking (ANPRM) to strengthen the national anti-money ...

Manual risk assessments using Excel spreadsheets or Word documents are no longer up to the challenge of effectively managing anti-money laundering and combating the financing of terrorism (AML/CFT) ...

WASHINGTON - The Office of the Comptroller of the Currency plans to roll out a pilot program in the next few weeks that would require examiners to perform independent money-laundering risk assessments ...

There is a robust international network working to prevent money laundering. It’s called the FATF (Financial Action Task Force). It has headquarters in Paris and works through nine regional satellite ...

Time and again, seemingly successful bank mergers have been rocked by revelations of poor anti-money-laundering compliance. Assessing the AML risk of a potential merger partner is extremely tricky, ...

One of the key elements of the FATF Standards is to take into consideration the imminent ML/TF risk in the jurisdiction and individual sectors for the purposes of applying ML/TF measures on a risk sen ...