October 31, 2020 | Podcasts
IIB Bank Talk Podcast Matt Levine speaks with the Institute of International Bankers podcast, BANK TALK, to discuss all things Part 500: its background and regulatory and industry response, the First American enforcement action and proceedings, takeaways for financial institutions, and more. Read More
October 29, 2020 | Articles
Corporate Compliance Insights – A recent SEC settlement with Interactive Brokers underscores the need for true commitment to compliance. Megan Prendergast Millard offers four takeaways from the AML scandal. Read More
October 9, 2020 | Media Mentions
U.S. News & World Report – Recent news reports highlight some startling issues that raise questions about the role of some big banks in global money laundering activities, with suspicious activity reports, or SARs, filed by banks with the U.S. Treasury Department's Financial Crimes Enforcement Network, or FinCEN. Megan Prendergast Millard offers her view. Read More
September 28, 2020 | Media Mentions
finLedger – Leading multinational banks and the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) are failing to stop billions of dollars in money laundering, according to an investigative report dubbed the “FinCEN Files” – from Buzzfeed News and the International Consortium of Investigative Journalists. The findings are shocking, but not surprising to the regulatory experts and regulatory technology (regtech) startups working to prevent money laundering. The scandal sets the stage for why U.S. regulators are bullish on regtechs. Read More