Aug 28, 2024 Banking on Buds: The Complex Interplay Between Cannabis and Commerce By Kay Toscano In the ever-evolving landscape of American policy, the story of cannabis legalization unfolds as a testament to societal change and the...
Aug 14, 2024 CFPB Funding Stands After Recent Supreme Court Ruling By Jake Hines In its final decision of Consumer Financial Protection Bureau v. Community Financial Services Association of America, LTD. (the Case),...
Aug 07, 2024 Navigating the Financial Future By Austin Briggs As we embark on 2024, the financial sector braces for a year steeped in complexity and challenge. The persistence of high inflation,...
Jul 30, 2024 Turning Compliance Dreams into: AI Reality with Ankura By Petra Hrachova Ever woken up from a dream so vivid you spent the morning wondering if you actually had a conversation with a talking dog? It is that...
Jul 25, 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...
May 21, 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)...
May 13, 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...
May 07, 2024 Navigating OFAC Sanctions Risks in the Digital Realm: IP Addresses and Effective Controls By Omar Magana In today's digital landscape, sanctions enforcement has become a critical concern for Financial Institutions (FIs). The borderless nature...
Apr 30, 2024 10 Tips for More Effective Change Reporting By Jake Hines Congratulations! Your money service business (MSB) has gone through the grueling process of building out all business functions, writing...
Apr 24, 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...
Apr 16, 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...
Apr 09, 2024 International Day of Family Remittances – A Global Push for Financial Inclusion and Resilience By Jake Hines Each year, June 16 is globally recognized as International Day of Family Remittances (IDFR), as established by the United Nations (UN)....