Four federal banking regulators have joined the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) in issuing a notice of proposed rulemaking that would require financial institutions ...

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 ...

The Financial Action Task Force (FATF) unveiled a Money Laundering National Risk Assessment (NRA) resource, designed to enable countries to strengthen their risk-based strategies in combating ...

Expertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. AI, and especially agentic AI tools, are evolving at a rapid speed, with the use of AI ...

King and Spalding partner Matt Biben and counsel Joshua Roberts discuss the Bank Secrecy Act and evaluate potential reforms, including some under current consideration by Congress, as well as emerging ...

NEW YORK, Feb. 3, 2020 /PRNewswire-PRWeb/ -- Led by Lex Fenwick, Arun Banerjee, and Brad Breslin, Vantage GRC Solutions LLC ("Vantage") was formed following their acquisition of a majority share of ...

In this program, the panel will analyze the key provisions and changes brought about by reform, offering practical strategies for compliance, as well as look at ongoing discussions on Capitol Hill ...

While the struggle against illicit gains has been a constant in finance, it's a battle that has changed over time, with evolving laws, rules and practices. I've had the opportunity to work closely ...

The misuse of citizenship to carry out financial crime, particularly money laundering, is a serious risk to the island, a newly released report says. “Bermuda’s risk for money laundering remains high, ...