FinCEN’s $1 Million Fine Against CCO and Personal Liability
In December of 2014, FINCEN fined MoneyGram’s then Chief Compliance Officer Thomas Haider $1 Million as a civil
Read more →AML
OFAC Enforcement and the monitoring of IP addresses
I read through OFAC’s Enforcement Information for November (https://www.treasury.gov/resource-center/sanctions/CivPen/Documents/20151124_Barracuda.pdf) and found this interesting and a different twist to
Read more →Do you have a Risk Based Program?
The first question regulators often ask during an initial examination interview is ‘do you have a risk based
Read more →Compliance Officers and Personal Liability Report and What Compliance Officers Can Do.
Are you a compliance officer feeling threatened with increased personal risk, you’re not alone. Thomson Reuters recently published the
Read more →Are Debit Card transactions flying under your firm’s AML radar?
Debit card transactions should be included in AML programs. This added data increases the burden of review resulting in the need for automated compliance software such as FinWebTech’s Catalyst Compliance Solution.
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