The Sandbox where Innovation and Regulation can Play without Anyone Getting Hurt.

The internet has opened the door to purchase anything, I do mean anything, from any part of the world. These items can be paid for instantly through electronic payments. These transfers can be made from everywhere with ease and speed allowing greater anonymity if...

Customer-Centric Risk and Compliance

Disruption in the Financial Industry Technology has always had the ability to generate hype and excitement. In addition, to the rising cost of risk and compliance executives are battling to drive more business value from these...

“FinCEN Finalizes Customer Due Diligence Rule Amid Other Actions to Enhance Financial Transparency”

"In the wake of the Panama Papers controversy, the U.S. government has taken major steps this month to promote financial transparency. First, the Financial Crimes Enforcement Network (FinCEN) finalized its proposed rule issued in July 2014 (see client alert, “FinCEN...

Broadening the scope of AML

Preparing for the European Union Sixth Money Laundering Directive Anti-money laundering (AML) law is constantly evolving. And necessarily so, given the increasingly sophisticated methods and technologies that criminals and terrorists use to move illegally earned funds...

New AML Challenges from Cash Intensive Activities

"Cash intensive businesses are the primary target of money launderers from all over the world. Legislators, consequently, understood the importance of assessing an activity’s beneficial ownership and took appropriate steps (e.g. EU AML Directive of 2015)....