Coin Dealer Hung Out On A Shingle For Home Loan Fraud? Recently one of our consultants was asked to opine on the subject of Customer Due Diligence concerning a financial transaction that was, well, ultimately … Read More
Articles tagged "Compliance"
Corporate Excuses to Avoid Compliance and Ethics Programs
Corporate Excuses to Avoid Compliance and Ethics Programs by Michael Volkov Change is difficult. I understand that. Business leaders know the importance of change, adaptation and innovation. However, when it comes … Read More
Conflict of Interest
Sometimes I want to scream at professionals who are just not thinking, or accuse them of complicity because what they have done is so egregious. In a recent matter a bakery was sold and there was a dispute on what … Read More
CPA’s Are Accountants Not Security Experts
From the AICPA Web Site SOC 2 Report on Controls at a Service Organization Relevant to Security, Availability, Processing Integrity, Confidentiality or Privacy These reports are intended to meet the needs of a … Read More
Sanctions and Compliance, A Cautionary Tale…
On February 24, 2012, the US Treasury’s Office of Foreign Asset Control (OFAC) announced the following Civil Money Penalty Information: “Online Micro, LLC Settles Iran Export Apparent Violations: Online Micro, … Read More
FATF 2012 AML Recommendations
On 16 February 2012, the Financial Action Task Force (FATF), the global standard setting body for anti-money laundering and combating the financing of terrorism (AML/CFT) , published the following public documents, … Read More