Archives

GONGO – Government Owned NGOs. Money laundering is shifting from little nits deposited into accounts to larger and larger sums moving under the colors of governments. The biggest offenders have [...]

178 Billion in Fines 2014 has set a record for fines. According to an article in the Bank Rate 2014 has been the most expensive year on records for fines levied against banks and financial [...]

Over Reporting A new hot topic is AML and SAR over reporting. Bankers and financial managers are both so spooked about not filing SAR’s and have such little knowledge of their clients that as [...]

FinCEN wants Natural Persons The Financial Crimes Enforcement Network (FinCEN), has proposing rules under the Bank Secrecy Act to clarify and strengthen customer due diligence requirements for: [...]

Laundering Money with a Hedge Fund Today most retail banks have become very good and I do mean very good at spotting money laundering. They have been doing it for some time and most have got the [...]

Issues For Custodians Proper funds, trustees, and escrow companies all use the services of a custodian. A custodian is an independent entity that holds on to an asset, or the title to an asset, [...]

Exempt Entities There are a number of exempt entities from the BSA and AML requirements. Chief amongst these are government and quasi-government accounts. This is a surprise to many, but not to [...]

Russian Sanctions, A Panel Discussion Link to posted discussion [...]

Iraqi Dinar I have watched this rube of an investment idea for years. The heart of the rube assumptions is that the Iraqi dinar will be revalued upward. At 1,168 to the US dollar – it more or [...]

Poaching, the Animal Trade and Money Laundering The video is an effort to share with our readers a bit more about the illegal trade in poached animals in East Africa and how the money from the [...]