Enforcement Actions View All
SEC Charges Former Credit Suisse Investment Bankers in Massive Subprime Bond Pricing Scheme The Securities and Exchange Commission filed a complaint against four former veteran investment bankers and traders at Credit Suisse Group, charging them with deliberately and fraudulently overstating the prices of $3 billion in subprime bonds during the peak of the subprime credit crisis.
Original | Brief
February 1, 2012
FINRA Fines First Merger Capital Compliance Officer for Failing to Investigate Suspicious Activity The Financial Industry Regulatory Authority fined James Sloan Altschul, the former Chief Compliance Officer at First Merger Capital, $10,000 and suspended him for three months for failing to supervise suspicious solicitations and customer liquidations that he should have investigated.
Original | Brief
January 31, 2012
Fed Restricts Bank of Bartlett's Asset Growth, Branching The Federal Reserve Board entered a prompt corrective action directive against the Bartlett, TN bank, giving the institution 90 days to become adequately capitalized through the sale of shares, a contract to be acquired by or combine with another depository institution, or other measures.
Original | Brief
January 30, 2012
From the Editor View All

 

Heroes and Villains

 

January 25, 2012

 

Stories told in books and movies are frequently framed by the timeless convention of pitting a hero against a villain. Often, the heroes are epic and the villains particularly monstrous.

 

Even in our daily lives, the stories we tell frequently involve one person doing the right thing and another doing something petty or misguided.

 

But identifying good guys and bad guys in real life is complicated: court documents released this month in connection with investors’ lawsuits against the banks that served Ponzi schemer Scott Rothstein don’t always make it clear – except with regard to Rothstein himself - who the villains are. 

 

 Read More
Legs & Regs View All
NY AG Charges Major National Banks with Fraudulent Use of Electronic Mortgage Registry New York State Attorney General Eric Schneiderman sued Bank of America, JPMorgan Chase, and Wells Fargo, charging them with deceptive and fraudulent use of a private national mortgage electronic registration system that resulted in fraudulent foreclosure filings.
Original | Brief
February 3, 2012
Former Orion Bank President Pleads Guilty to Bank Fraud The Office of the Special Inspector General for the Troubled Asset Relief Program and U.S. Attorney for the Middle District of Florida Robert O'Neill announced that former Orion Bank President Jerry Williams pled guilty to bank fraud for obscuring the performance of the bank's non-performing assets.
Original | Brief
February 3, 2012
Obama Extends National Emergency Concerning Cote d'Ivoire Due to the ongoing human rights abuses and significant political violence in the country, President Obama opted to renew the national emergency with respect to the situation in or in relation to Côte d'Ivoire.
Original | Brief
February 3, 2012
Test Your AML IQ
On_______, the European Union issued sanctions against Iran that ban the import of Iranian crude oil and petroleum products and prohibit investment in Iranian petrochemical firms.
Training
Training Program Resources Building an effective training program is an essential component of your overall AML program. In this section, get tips and guidance on how to build training programs, how to tailor training and other training issues.
More...
Training Audio Recordings Listen or download pre-recorded webcasts on various important AML topics to train yourself or your staff.
More...
Keeping you informed of the Changes in Bank Regulations
Tools View All
Simplify OFAC list searches with FINRA Combing through the thousands of names on the OFAC sanctions lists can be a long and tedious process. A tool on the FINRA’s website can help.
More...
Using the Internet to research charities Want to know if a specific charity steers clear of terrorist financing? Guidestar (www.guidestar.org), a database of 850,000 U.S. charitable organizations, allows you to search for charities recognized by the U.S. Internal Revenue Service.
More...
  • Accuity Solutions
  • Money Laundering Conference 2012
  • FinCEN E-Filing Deadline Article
  • Compliance Advantage - One Stop Solution
Free weekly newsletter with Money Laundering Training Events
News View All
SAR Confidentiality Being Breached by Securities Firms, Says Regulator In violation of federal law, the confidentiality of suspicious activity reports is being breached regularly by some securities firms, a securities markets regulator said Friday.
More...
February 3, 2012
Mortgage Abuse Crackdown Will Draw Scrutiny to AML Departments, Say Consultants Plans by the Obama administration to pursue civil and criminal cases against institutions that illegally promoted mortgage-backed securities could also bring scrutiny to anti-money laundering compliance officers.
More...
February 3, 2012
Weekly Roundup: U.N. Backs Away from Syria Sanctions, Venezuela Approves Counterterrorist Financing Measure, and More Zambian police questioned the spouse of Zambia’s former president about alleged money laundering, Malaysia is installing airport and border scanners meant to curb bulk cash smuggling, and more, in this week's roundup.
More...
February 3, 2012
Lawmakers Approve Bill to Target Bank Consortium, Broaden CISADA The Senate’s banking committee Thursday approved sanctions aimed at Iranian officials, including provisions asking the world’s largest interbank messaging consortium to shut out Iran’s central bank.
More...
February 2, 2012
AML Basics
The Global AML Front International cooperation is one of the keys to success in the anti-money laundering battle due to the very nature of proceeds of crime and laundering offenses, and the speed with which international financial transactions can take place.
More...
Reporting Requirements A key goal of a money laundering compliance program is identifying, recording and reporting suspicious transactions or activity. While reporting procedures vary from country to country, a typical suspicious or unusual activity reporting process within a financial institution includes...
More...
Skip Navigation Links
Skip Navigation Links
Skip navigation links
CONFERENCES
OUR PRODUCTS
QUIZZES
RESOURCE CENTER
SEMINARS
WEB SEMINARS