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February 12 2019 - NRS Insights

Ready for the Regulators’ Next AML Scrutiny?

Regulatory concern about money-laundering activity is only increasing, and financial institutions are pumping more and more money and human resources into maintaining adequate compliance programs to avoid sanction.
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September 13 2017 - NRS Insights

Compliance Alert: FinCEN Advisory to Financial Institutions on Political Corruption Risks from South Sudan

FinCEN has publish an advisory to alert financial institutions about the potential abuse of the U.S. financial systems by senior political figures from South Sudan. The U.S. Department of State has been documenting the civil unrest with the warring parties who have failed to adhere to an agreed ceasefire, leaving the civilian population to suffer through widespread violence and atrocities, human rights abuses, recruitment and use of child soldiers, attacks on peacekeepers, and obstruction of humanitarian operations, as well as widespread food insecurity.
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August 25 2017 - NRS Insights

The Bank Secrecy Act, Anti-Money Laundering and your FINRA Exam

Today’s geopolitical climate has caused more focus on money laundering activity related to illegal drug trafficking and terrorist financing. Consequently, regulators place higher priority on enforcing the Bank Secrecy Act (BSA), which mandates financial industry standards to detect and prevent money laundering.
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Money
September 16 2016 - NRS Insights

AML Red Flags: The Clues to Combating Illegal Activity

The USA PATRIOT Act specifically requires your firm to establish a program to prevent money laundering and interdict possible terrorist financing activities.
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