Recent Posts
Phantom AML Alerts: Dealing with the Stuff of BSA Officers’ Nightmares
For many Bank Secrecy Act officers and their boards of directors, the thing that haunts their dreams most is their examiners finding some suspicious transactions that should [...]
Suspicious Activity Reporting and Business Email Compromise
FinCEN, the Financial Crimes Enforcement Network, doesn't publish too many alerts. In fact, for the first half of 2019, it had published only nine news items. So [...]
True Beneficiaries and BSA
FinCEN recently highlighted the work of a financial institution that involved Suspicious Activity Reporting and Currency Transaction Reporting as it pertains to true beneficiaries. In this case, [...]
What is Trade-Based Money Laundering?
This trade-based money laundering scheme involved shell companies in Mexico and the U.S. and batches of [...]
How SARs Helped Bring Down a Scam Biodiesel Fuel Producer Network
by Ken Agle AdvisX The more front line and BSA personnel understand about the how Suspicious Activity [...]
Next Level Risk-Based Pricing is Coming: Beyond Decisioning and Pricing is Outcome Analysis
When economic times are good and funds are relatively easy to lend without meaningful short-term risk, most [...]
Figuring Out What to Say and How to Say It to the Board of Directors is Like Balancing on a Bicycle
"Life is like riding a bicycle. To keep your balance, you must keep moving." -Albert Einstein Successfully [...]
Three BSA/AML Errors to Avoid
Bank Secrecy Act and Anti-money Laundering (BSA/AML) enforcement is shaping up to be a hot compliance topic [...]
The Top 5 Posts of 2017
2017 is now gone, but it's always worth a look back to see where you’ve been. Here’s a [...]