Red Flags Are Not Violations

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2 Responses

  1. Kevin L. Warmack, E.J.D. says:

    This same discussion can be applied to anti-money laundering issues as well. In most AML programs, firms do list out possible red flags that may indicate that there is the possibility of money laundering activity. However, unlike bribery where you need one party to give corroboration of the activity, money laundering can be seen through the activity. But in all cases, there has to be due diligence done of all the parties involved.

  1. June 21, 2012

    […] in Panama. Tom Fox thinks the Justice Department is listening to some of its critics. Mike Volkov states the obvious: Red flags aren’t necessarily […]