AML Compliance Conference
FIBA AML 2023: Daniel Gutierrez
CSMB – Risk Rator: Risk Assessment Manual
Interview: Daniel Gutierrez, Ocean Bank
Non-Banking Industries Should Participate More In The Fight Against AML Sanction Evasion
“Those who wish to avoid sanctions do not stop trying and are always one or two steps ahead,” said Ivan A. Garces, Chair of Kaufman Rossin's risk advisory services practice. To him, we are “simply playing catch up given the time needed to pass regulations and...
Risk Assessment: From Best Practice to Requirement
Ever since 2001 when the four-pillar AML program requirement was first made into law, it was somewhat expected for institutions to have a risk-based AML program, but it wasn´t until the Anti-Money Laundering Act of 2020 (AMLA or the Act) that having one became a...
In the US Alone a Child Goes Missing Every 90 Seconds
In the US alone a child goes missing every 90 seconds. The National Center for Missing & Exploited Children (NCMEC) has received reports from all 50 U.S. states, Washington, D.C., and Puerto Rico, and every type of community: suburban, rural, urban, and tribal...
What Happened Last Year is Not What is Happening Now
“We live in an evolving industry, so there are constant changes, and we need to be continually evolving and adapting to them,” said Harry Cupp, VP / FCB Risk Manager at Sunwest Bank and co-chair of the AML Compliance Committee at FIBA. “What happened last year is...
Corruption Needs to be Detected and Suppressed
“Corruption throughout the world needs to be detected and suppressed”, said Robert Targ, founding partner at Diaz Reus International Law firm. During FIBA´s AML conference next February, the former Assistant United States Attorney, Southern...
How Far is Too Far in Terms of Tax Planning?
In light of recent investigations by the International Consortium of Investigative Journalists, the question has arisen as to whether the world of international tax planning is about lawful avoidance or a shadow financial system that benefits the world’s most rich and...
Looking for the Answers to the Questions Raised by AMLA
It has been over a year since the Anti-Money Laundering Act (AMLA) of 2020 was passed through Congress, and yet, there is not a clear or defined path as to how the new regulations will be implemented. “Contained in AMLA 2020, are many provisions that are...