Money Laundering

Monitoring Marijuana: Past, Present, Future

State-legal cannabis businesses present a unique banking challenge. In this – the first in a series of two marijuana-related business webinars – we recap current legislation, and focus on industrial hemp production and why there is confusion in the market. 

By RDC

BSA AML Compliance: What is it and why does it matter?

Congress passed the Bank Secrecy Act (BSA), also known as the Anti-Money Laundering (AML) law, in 1970 to combat money laundering in the United States. Since then, the BSA has required financial institutions to work with government agencies to protect their clients, communities, and country. Financial institutions must keep detailed…

By RDC

Organised Crime vs. Disorganised Compliance

An estimate by the International Monetary Fund places the aggregate size of money laundering in the world at between two and five percent of global GDP. While the illicit nature of money laundering means no precise statistics are available, it is fair to say that bad actors have traditionally had…

By Hugo Veazey

COVID-19: Opportunity for Some, Financial Crime Risk for Others

The world has officially declared war on coronavirus (COVID-19). In this blog, I will draw information from a variety of sources and look at ways that opportunistic criminals have attempted to exploit the pandemic as well as some of the wider impacts and regulatory response – adding my own thoughts…

By Hugo Veazey

Tracing the COVID-19 Supply Chain: Wildlife Trafficking

FATF’s decision to make wildlife trafficking a priority for 2020 is proving to be even more imperative considering the coronavirus pandemic

By Colleen Dychdala and Katherine Conroy