Archive for ‘BSA, AML, & OFAC

December 1st, 2014

Over Reporting

Over Reporting A new hot topic is AML and SAR over reporting. Bankers and financial managers are both so spooked about not filing SAR’s and have such little knowledge of […]

November 1st, 2014

Laundering Money with a Hedge Fund

Laundering Money with a Hedge Fund Today most retail banks have become very good and I do mean very good at spotting money laundering. They have been doing it for […]

October 1st, 2014

Issues For Custodians

Issues For Custodians Proper funds, trustees, and escrow companies all use the services of a custodian. A custodian is an independent entity that holds on to an asset, or the […]

September 1st, 2014

Exempt Entities

Exempt Entities There are a number of exempt entities from the BSA and AML requirements. Chief amongst these are government and quasi-government accounts. This is a surprise to many, but […]

August 1st, 2014

Russian Sanctions, A Panel Discussion

Russian Sanctions, A Panel Discussion Link to posted discussion http://www.blogtalkradio.com/bekkercompliancechat/2014/07/30/useu-sanctions-v-russia-global-impact-on-the-financial-services-industry This is a link to a very current discussion on Russian Sanctions hosted by Carrie Bekker, Leona Krasner,MariyaDekhtyar, with Ken […]

July 1st, 2014

Iraqi Dinar

Iraqi Dinar I have watched this rube of an investment idea for years. The heart of the rube assumptions is that the Iraqi dinar will be revalued upward. At 1,168 […]

June 1st, 2014

BNP Paribas

BNP Paribas BNP Paribas is going to get a mighty big fine.  The street estimates are in the range of 5 to 10 billion dollars.  The bankers are riled up […]

May 1st, 2014

Poaching, the Animal Trade and Money Laundering

Poaching, the Animal Trade and Money Laundering The video is an effort to share with our readers a bit more about the illegal trade in poached animals in East Africa […]

April 1st, 2014

AML and OFAC Applies to State Governments

AML and OFAC Applies to State Governments I had a short conversation, off the record, with several investigators that work for state unemployment agencies. The common complaint was the inertia […]

March 1st, 2014

Simple Lesson on Bribery

Simple Lesson on Bribery So, we campaign loudly against bribery.  Yet some say – ah yes, but when does a gift between friends become a bride?  The answer is when […]