25 Jul, 2024 Compass July 2024 By Ankura Consulting Our Anti-Financial Crime industry experts will guide you through the complex world of regulatory and compliance hurdles, providing...
15 Jul, 2024 Banking as a Service: How Strong Is Your Financial Crime Compliance Partnership? By Rick Somerset-Williams The growth in partnerships between banks and Fintech companies through Banking as a Service (BaaS) models presents significant...
15 Jul, 2024 Intensifying Measures Against Russia: A Closer Look at the Latest U.S. Sanctions and Export Controls and the Risks for Financial Institutions By Lee Hale To counter Russia's ongoing aggression in Ukraine, on 12 June 2024, the U.S. announced additional sanctions and export controls intended...
11 Jul, 2024 Russian Sanctions Circumvention: Are You Asleep At The Wheel? By Lee Hale Introduction In the wake of Russia's invasion of Ukraine in February 2022, a broad and unprecedented range of sanctions were imposed on...
21 May, 2024 AML Risk Assessments Revisited By Malessa Arias-Babineaux The Bank Secrecy Act (BSA) does not explicitly state that money services businesses (MSBs) must conduct an anti-money laundering (AML)...
13 May, 2024 The Importance of KYC/CDD Review in Preparing for a BSA/AML Program Examination By Ankura Consulting The Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) regulations are fundamental components of the financial industry’s efforts to...
07 May, 2024 Financial Crime Risk Assessment: The Foundations for an Effective Financial Crime Program By Rick Somerset-Williams In the ever-evolving landscape of global finance, the spectre of financial crime looms large, presenting a multifaceted challenge to...
25 Apr, 2024 Crypto Asset Investigations: Key Considerations and Pitfalls By Andrew Sotak Mark Porter Crypto assets are some of the most rapidly evolving and increasingly adopted assets in the world. Decentralized Finance (DeFi) is...
24 Apr, 2024 Cash Continues To Move out of Mainland China By Peter Glanville This article is certainly consistent with what we are seeing! Money continues to flow out of Mainland China (significant volumes through...
24 Apr, 2024 Owning Up: What You Need To Know about FinCEN’s Ultimate Beneficial Ownership Reporting Rule By Jake Hines On September 30, 2022, FinCEN published the Ultimate Beneficial Ownership (UBO) Reporting Rulei (the Rule), which implements reporting...
16 Apr, 2024 No, We Are Not Just Blowing Smoke. You CAN Bank Marijuana-Related Businesses By Patricia Lewis Malessa Arias-Babineaux Since California first passed legislation legalizing medical marijuana in 1996, the legal landscape involving medicinal and recreational...
02 Apr, 2024 Golden State Guidelines: A Deep Dive into California's New Virtual Currency Regulatory Framework By Daniel Lee California governor Gavin Newsom signed two bills (Assembly Bill 39 and Senate Bill 401) into law on October 13, 2023i, that will create...