Blog after blog, commentator after commentator, and everyone else who has an opinion has been repeating the same message – the Biden Administration is going to increase enforcement risks.  While these general opinions are correct, a more specific and focused analysis is needed. It is one thing to cite a strong enforcement bent but it is another to watch the key issue – resources.  I...

Global banks have been the focus of enforcement actions, focusing on AML and sanctions violations.  With the new beneficial ownership regulations effective May 11, 2018, we are about to see a significant transformation in AML compliance and enforcement. I have scheduled a free webinar, The New Era of AML Compliance: The Need to Refresh Your AML Compliance Program, May 15, 2018, at 12 Noon EST. ...

The New Era of AML Compliance: The Need to Refresh Your AML Compliance Program May 15, 2018, 12 Noon EST SIGN UP HERE Anti-Money Laundering compliance programs are evolving to take into account new government expectations and regulations, including FinCEN’s new beneficial ownership regulations and recent enforcement actions. Recent AML enforcement have raised important issues for financial institutions as well. Join Michael Volkov, CEO of...

Law enforcement focus on anti-money laundering appears to be increasing. While the last ten years has seen a marked increase in AML regulatory obligations, the new administration is likely to return to some of the more “traditional” AML enforcement programs, such as terrorist financing, organized and transnational money laundering, tax evasion and other areas. The regulatory focus of enforcement will continue on beneficial ownership, shell...