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News & Events

Current Topics:

Federal investigators reveal the profile of money mules to better help compliance professionals and frontline staff, including parsing out those acting in unwitting, witting and complicit capacities

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Wells Fargo to pay nearly $600 million to resole state investigations into unauthorized accounts scandal, sales practices

The deal will settle investigations begun after federal regulators revealed in September 2016 that Wells Fargo employees had for several years improperly opened millions of unauthorized bank accounts in customers’ names – without their prior consent in a bid to make profit quotas.

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Financial crime compliance: FFIEC launches new, redesigned BSA/AML InfoBase site to boost user engagement, access to critical procedures

The Federal Financial Institutions Examination Council (FFIEC)  launched a redesigned Bank Secrecy Act/Anti-Money Laundering (BSA/AML) website.

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Finra fines Morgan Stanley $10 million for AML Program failures and lax monitoring system

The Financial Industry Regulatory Authority (Finra), the chief self-regulatory sentinel of the nation’s security sector, last month penalized Morgan Stanley Smith Barney $10 million for a host of financial crime compliance and supervisory failures, from customer vetting and monitoring to missing and reviewing alerts on aberrant transnational activity.

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HSBC Monitor Flagged Payments Linking Huawei With Iran

A monitor assigned to HSBC Holdings Plc told federal prosecutors about suspicious transactions linking Huawei Technologies Co. with Iran, adding evidence to a U.S. investigation that led to the arrest of the Chinese company’s finance chief, according to a person familiar with the matter.

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U.S. Congress- Senators set on taking Deutsche Bank to task

Senators Warren, Van Hollen call on Senate Banking Committee to investigate Deutsche Bank’s AML controls in wake of raid, laundering probe

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Conferences & Events:

February 18-21, 2019- NMLS Conference, Miami, Florida
April 9-11, 2019-  IMTC LATAM 2019 – Gran Fiesta Americana, Cancun, Mexico
April 15-17, 2019- ACAMS 24th Annual International AML & Financial Crime Conference

ACAMS 24th Annual International AML & Financial Crime Conference

November 12-15, 2019-  IMTC WORD 2019, Miami, Florida