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 the criminals. … Read More
Articles tagged "Shaun Hassett"
BNP Paribas, The Success of Due Diligence And The Failure Of Management
BNP Paribas, The Success of Due Diligence And The Failure Of Management I have just returned from a trip through Europe, the Middle East and Asia. As I traveled, the saga and ultimate fine with BNP Paribas … Read More
LinkedIn Premium as a Data Tool
LinkedIn Premium as a Data Tool LinkedIn is an undisputed success. It is a great tool for reaching out to professionals. I would even say that if you are not on LinkedIn and participating in some of your … Read More
A Fiber Optic Cable Was Cut
A Fiber Optic Cable Was Cut It was a short trip through Northern California. During the three days my cell phone did not work and twice in two different cities the restaurant took our credit card and used a pencil … Read More
BART and San Francisco Bay Area Ferries
BART and San Francisco Bay Area Ferries BART is a very good transit system with very outdated payment technology. The machines that accept cards can only sell up to 5 transit cards. To buy a card you have to … Read More
Russian Sanctions, A Panel Discussion
Russian Sanctions, A Panel Discussion Link to posted discussion http://www.blogtalkradio.com/bekkercompliancechat/2014/07/30/useu-sanctions-v-russia-global-impact-on-the-financial-services-industry This is a link … Read More
AirBNB.com
AirBNB.com Airbnb.com is a service dedicated to finding alternative dwelling rentals for the traveler and adventurer who does not what to spend money on a hotel or is looking for a different, more authentic … Read More
Locating Yachts
Locating Yachts So, you are looking for a Yacht? For the uninitiated it can be a very difficult process, but much can be done to hunt down a Yacht, knowing its history and its possible whereabouts. Hull Number … Read More
The iPhone Hacks The iCloud
The iPhone Hacks The iCloud Any read of Aegis has seen our comments about security and the cloud – THERE IS NO SECUTIY IN THE CLOUD. Yet again, we are confounded by another attack on cloud computing. Via the … Read More
Cell Phone Vulnerabilities
Cell Phone Vulnerabilities What Cell Phone OS is most vulnerable -‐ From Phys.org (edited) Good news! Android OS has around 80% of the total market share. This is in part due to price and the range of devices … Read More
6 Countries, 4 presentations, 28 days
6 Countries, 4 presentations, 28 days New York, NY – 2 days of AML training. It was a good class, but some still do not seem to understand how a broker dealer – that accepts no cash can be used for money … Read More
Iraqi Dinar
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 less makes sense to … Read More
Wisdom of Crowds
Wisdom of Crowds For us old folks – yeah, those of us over 50. We knew how to do our due diligence. We just asked everyone in our community about the realtors, the butcher, the lawyer, the stock broker and we … Read More
Online Business Strategy and Media Buying
Online Business Strategy and Media Buying How would you like to have a guaranteed promotional strategy for your business? Would you like to know exactly how much every dollar you spend in advertising will … Read More
The Big Event
The Big Event It has been many months since this event and enough time and distance has passed so that by writing about this now no confidence or security will be breached. Several months ago a very famous Latin … Read More
SpyWarn – App
SpyWarn - App The SpyWarn app from Kevin Murray and Associates is $2.99 and is a gem of an app. Not sure if that virus software you installed on your phone is catching everything? Well it’s not! Professionals … Read More
Those who do not go away
Those who do not go away Few of you may actually know what I am talking about, but those who have suffered from these people know the rest of this story without reading it. None of us are Saints. If the truth be … Read More
BNP Paribas
BNP Paribas BNP Paribas is going to get a mighty big fine. The street estimates are in the range of 5 to 10 billion dollars. The bankers are riled up about unfair treatment and are haranguingFrançois … Read More
American Pastoral, by Phillip Roth
American Pastoral, by Phillip Roth Ok, so it won the prestigious Pulitzer Prize. It really is a work of art and it caused a real dialogue between the reader and the author. The prose crafts pictures in the … Read More
MTN Trading Programs
MTN Trading Programs There have been frauds since they first surfaced. But they, like pesky Nigerian inheritance scams and lotto winnings, just do not seem to go away. An example from Treasury.Gov as an opening … Read More
Poaching, the Animal Trade and Money Laundering
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 poaching is … Read More
AML and OFAC Applies to State Governments
AML and OFAC Applies to State Governments I had a short conversation, off the record, with several investigators that work for state unemployment agencies. The common complaint was the inertia with regards to … Read More
TiO2 and China
TiO2 and China The story of Pangang Group, of China, a State Owned Enterprise in China, Walter Liew and Robert Maegerle of California ended in March with the two individuals being convicted of espionage. It also … Read More
Stupid Broker – Weapons Grade
Stupid Broker - Weapons Grade On a long plane ride from New York to Dallas, a gentleman sat next to me and began a conversation. He eventually disclosed that he was a 30-year financial broker with a major firm. … Read More
Simple Lesson on Bribery
Simple Lesson on Bribery So, we campaign loudly against bribery. Yet some say – ah yes, but when does a gift between friends become a bride? The answer is when the bribe motivates the choice maker to subvert … Read More
Authority to Bind
Authority to Bind It is too often a question that is not asked or answered. How does one have the authority to bind a company, a partnership, a country or even a group of victims? A few recent events come to … Read More
Turn It Off
Turn It Off I had lunch with a Technical Security Countermeasures expert and he told me a short story. On a recent flight delay in the US north east – running a number of hours 30 or 40 he got bored. He had … Read More
The Business of Marijuana
The Business of Marijuana Some fascinating people have introduced me to the Marijuana business. A grower, a financier, a security specialist… I am intrigued. As for the product, I am not a user. But I am … Read More
Policy Manuals
Policy Manuals Here are a couple of thoughts regarding policy manuals in general All policy manuals are really just documents copied from somewhere else. The copies bring with them all of the biases and … Read More
NYSE Listing Exposes Foreign Firms to Liability For Corrupt Practices
NYSE Listing Exposes Foreign Firms to Liability For Corrupt Practices From a recent filing in US Courts: Broux v. PetroChina Co. Ltd., 13-cv-06180, U.S. District Court, Southern District of New York. PetroChina … Read More
How Rampant Bribery Is Corrupting U.S. Immigration Integrity?
How Rampant Bribery Is Corrupting U.S. Immigration Integrity? We recently came across an article, entitled HOW RAMPANT BRIBERY IS CORRUPTING U.S. IMMIGRATION INTEGRITY. This article described two recent cases of … Read More
Money For Corruption and Homes Scott Free
Money For Corruption and Homes Scott Free Money from corrupt players in Latin America, China and the Middle East are flooding into the US real estate market. Now to be sure, while a lot of the purchases of real … Read More
Coin Dealer Hung Out On A Shingle For Home Loan Fraud
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
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
Double Paradox: Rapid Growth and Rising Corruption in China
Double Paradox: Rapid Growth and Rising Corruption in China Double Paradox: Rapid Growth and Rising Corruption in China by Andrew Wedeman ISBN 978-0801477768 about 20 dollars. Dr. Wedeman has done a fine job with … Read More
Iranian Sanctions Cause Investment Growth in Georgia
Iranian Sanctions Cause Investment Growth in Georgia A Potential Red-Faced Moment for US and EU Authorities Shaun M. Hassett, CAMS, CDDP A recent Wall Street Journal Article’s opening line reads: “Economic … Read More
Antifragile: Things That Gain from Disorder by Nassim Nicholas Taleb
Antifragile: Things That Gain from Disorder by Nassim Nicholas Taleb ASIN: B0083DJWGO - List $30.00 There is fragile, robust and now - Anti-fragile. What Taleb calls “antifragile” is that category of things … Read More
Due Diligence Fails
Due Diligence Fails Some Examples to Take Note of… In this month’s Aegis Journal we invite you to look at two cases that include distinct failures in the Due Diligence Process. Each of these, to say the least, … Read More
Virtual Currency
Virtual Currency In the Wake of Mt. Gox, and Liberty Reserve ~ Where do we Go From Here? There has been plenty of excitement over the past several months in the land of virtual currencies as viable alternatives to … Read More