TD Bank said Thursday (Feb. 27) that U.S. authorities selected consulting firm Guidepost Solutions as the independent monitor to oversee the bank’s remediation efforts. Leo Salom, TD Bank’s U.S. head, said during the bank’s earnings call that the Justice Department and the Treasury Department’s Financial...
Financial institutions should watch for suspicious activity that may indicate relationship investment scams and should use specific Suspicious Activity Report (SAR) filing instructions and key terms to help law enforcement detect these scams, the Financial Crimes Enforcement Network (FinCEN) said in a Wednesday (Feb. 26)...
In today’s sprawling B2B environment it’s not just the goods and services that need tracking — it’s the companies themselves. As businesses stretch their procurement networks across borders and regions, hopping from one supplier to another, a new kind of scrutiny is settling in: know...
The Brink’s Company said Thursday (Feb. 6) that its subsidiary, Brink’s Global Services USA (BGS USA), reached agreement with two U.S. agencies to resolve investigations related to cross-border currency shipments and compliance with federal money-transmitting laws. BGS USA reached a non-prosecution agreement with the Department...
January 06, 2025
The challenge for banks and supply chains of doing business online comes at the point of onboarding — the moment a relationship with an enterprise, particularly a small business, is struck. It’s at that point that fake merchants, false storefronts and money laundering can wreak financial havoc, undermining trust within B2B relationships and commerce ecosystems. […]
April 23, 2024
To the hammer of a bad actor, everything vulnerable looks like a nail. And with the rise of sophisticated fraud techniques, organizations like financial institutions that are operating within security-critical...
January 30, 2023
The U.S. Treasury Department is flexing its cryptocurrency enforcement muscles as industry attention grows. The turbulent crypto sector has historically suffered from the perception that its anonymous and decentralized technical...
May 06, 2022
For a few weeks in April, experts in digital identity from banks, vendors, FinTech, law firms and regulators worked in the Digital Identity Tech Spring to develop ideas about how to...
March 03, 2025
The Treasury Department said Sunday (March 2) that it will not enforce the Corporate Transparency Act’s penalties and fines associated with the beneficial ownership information reporting rule. It will not do so under the existing regulatory deadlines and will not enforce penalties or fines against U.S. citizens or domestic reporting companies or their beneficial owners […]
February 27, 2025
TD Bank said Thursday (Feb. 27) that U.S. authorities selected consulting firm Guidepost Solutions as the independent monitor to oversee the bank’s remediation efforts. Leo Salom, TD Bank’s U.S. head,...
February 26, 2025
Financial institutions should watch for suspicious activity that may indicate relationship investment scams and should use specific Suspicious Activity Report (SAR) filing instructions and key terms to help law enforcement...
February 06, 2025
The Brink’s Company said Thursday (Feb. 6) that its subsidiary, Brink’s Global Services USA (BGS USA), reached agreement with two U.S. agencies to resolve investigations related to cross-border currency shipments...
