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 […]

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BSA Back in the Regulatory Focus 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. Therefore, examiners across the financial services industry […]

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Training Brokers and Operations is Critical for an Effective AML Program The USA PATRIOT Act specifically requires your firm to establish a program to prevent money laundering and interdict possible terrorist financing activities. Brokers who open new accounts are the first line of defense in protecting your firm. Their role is to follow firm procedures […]

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FIRE Solutions is pleased to announce a new addition to our Firm Element Continuing Education course catalog: AML – A Historical Review Course Code = CE_AMLHR Approx.  45 – 50 Minutes Audience  AML — A Historical Review is intended for securities industry professionals interested in developments and trends in anti-money laundering activities and efforts, as well as the changing regulatory […]

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