Tag: FinCEN

In today’s financial landscape, compliance and risk teams constantly walk a fine line between fraud prevention and customer experience. The goal is clear: keep...

Suspicious Matter Reporting (SMR) plays a central role in global efforts to combat ML and TF. For lawyers, accountants, real estate agents, and TCSPs...

CDD and KYC obligations have become foundational components of compliance for lawyers, accountants, real estate agents and TCSPs. Often referred to as “gatekeeper professions”, these...

Trade-based money laundering (TBML) has become one of the most challenging threats facing the financial system, as illicit funds can be hidden behind legitimate...

Despite major investments in compliance and artificial intelligence (AI), financial institutions continue to face major challenges in detecting and preventing illicit financial flows. Chinese...

Identifying UBOs remains one of the most complex challenges in CDD. These individuals, who ultimately control or benefit from a legal entity, must be...

The Bank Secrecy Act (BSA), enacted in 1970, remains a cornerstone of the United States’ fight against financial crime. Its purpose is to ensure...

Fentanyl is one of the most lethal narcotics in circulation, and the funds that sustain its trade often slip past traditional financial crime controls....

Financial criminals are often flagged in the news long before they appear on sanctions or politically exposed persons (PEP) lists. Regulators worldwide—including FATF, FinCEN,...

Tax evasion remains one of the most costly crimes in the global financial system, depriving governments of an estimated half a trillion dollars every...