Posts Tagged ‘BSA’
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 [...]
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, [...]
May 1st, 2012
Myanmar
In the April edition of the Aegis Journal we discussed a client who we felt was more or less “uncoachable”. But yet, in his defense, we can see many more [...]
April 1st, 2012
Where Policies Fail
Last week, Citibank was cited for failures of its BSA Compliance Program under a cease and desist order issues by the Office of the Comptroller of the Currency (OCC). The [...]
March 1st, 2012
Sanctions and Compliance, A Cautionary Tale…
On February 24, 2012, the US Treasury’s Office of Foreign Asset Control (OFAC) announced the following Civil Money Penalty Information: “Online Micro, LLC Settles Iran Export Apparent Violations: Online Micro, [...]
March 1st, 2012
FATF 2012 AML Recommendations
On 16 February 2012, the Financial Action Task Force (FATF), the global standard setting body for anti-money laundering and combating the financing of terrorism (AML/CFT) , published the following public [...]
