Legal marijuana sellers want bank accounts just like any other business. Over the last two years, more than $500 million worth of cash deposits from the legitimate cannabis business has flowed into Maps Credit Union in Salem, Oregon. Get the Full Story Complete the form...
The story goes something like this: During the reign of drug kingpin Pablo Escobar — estimated to have supplied up to 80 percent of the cocaine to the U.S. at the height of his business — his cartel was taking in so much cash that the...
The following Deep Dive examines how the 2008 financial meltdown paved the way for existing AML/KYC practices, and how FIs can work toward remaining compliant.
How can firms with global ambitions balance a smooth authentication process with rigorous AML efforts? In the inaugural edition of the AML/KYC Tracker, Anthony Couture, chief compliance officer for Canadian investment platform FrontFundr, explains how businesses are using new tech to ensure their operations and...
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