News + Events

News + Events

October 31, 2020 | Podcasts

IIB Bank Talk with Maria Filipakis and Matt Levine Discussing Part 500 and Cyber Enforcement

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

How to Safeguard Your Firm from Regulatory Action

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

ESG Investing: Big Banks’ Money Laundering Problem

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

Regtechs See Opportunity in FinCEN Files Scandal

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