Archive for ‘BSA, AML, & OFAC’
May 1st, 2013
There’s Too Big to Fail, But What About To Small?
There’s Too Big to Fail, But What About To Small? In the Compliance world there is Too Big to Fail… you know, the global financial institutions that are so large [...]
April 1st, 2013
Too Big To Jail? Well, Maybe Not
Too Big To Jail? Well, Maybe Not According to a Reuter’s news article, dated March 22, 2013, The U.S. Treasury is changing its previous posture and plans to hold bankers [...]
March 1st, 2013
Corruption, How Do We Stop It
Corruption How Do We Stop It Corruption is Fiscal Terrorism? I have seen this argument and we have a good deal of empathy for the assertion and legitimacy in the [...]
February 1st, 2013
Newest Iranian Sanction Developments
Newest Iranian Sanction Developments US Treasury Advisory: Iran and the Use of Exchange Houses and Trading Companies to Evade U.S. Economic Sanctions against Iran. On January 10, 2013, the U.S. [...]
January 1st, 2013
NACHA Banker
“Its beginning to look a lot like… fraud! During the end of the year with Holiday celebrations, year-end activities and planning for the year ahead, it is also a good [...]
December 16th, 2012
Trade Based Money Laundering
The money launders have been moving physical cash as well as using the financial systems to move money for years and years. And while the “Black Market Peso Exchange” has [...]
November 1st, 2012
Pakistan – Sanctions, terrorism and war.
Sanctions are brewing against Pakistan. The United Nations is threatening sanction on Pakistan for failing to curb anti money laundering and terrorist financing. Some initiatives are also being taken to [...]
October 1st, 2012
Practice at Laundering Money
This was fun – oh my gosh this was fun! Every so often we challenge each other in the office to see how good our skills can be in the [...]
September 1st, 2012
The Confusion of CTR Exemptions
Many institutions that handle large sums of money cause a good deal of problems for those who are required to file CTR – Currency Transaction Report. The idea is that [...]
August 1st, 2012
HSBC Screwed Up Really Big
Shortly after you read this HSBC will have settled with the US regulators for allowing Iran to launder 250 Billion dollars – yeah $250 billion dollars. How much is that, [...]
