Regulation Knowledge & training What is the Foreign Corrupt Practices Act (FCPA)? The US Foreign Corrupt Practices Act (FCPA) is a federal law intended to prevent US citizens from bribing the government officials of foreign countries. The FCPA was enacted by Congress in 1977 in response to revelations by the Securities and […] 6 minute read
Regulation Knowledge & training What is the BIS Entity List and How Does it Apply Globally? The Bureau of Industry and Security (BIS) list, also known as the ‘BIS Entity List’, sets out the specific foreign persons (including businesses, research institutions, government organizations, and other legal entities) that are subject to US government licensing and sanctions […] 6 minute read
Financial crime Knowledge & training High-intensity drug trafficking areas (HIDTAs) High-Intensity Drug Trafficking Areas (HIDTA) are designations made by the United States government for areas of the country that experience a particularly high volume of drug trafficking. HIDTA programs are intended to help law enforcement agencies in the fight against […] 6 minute read
Regulation Retail banks Knowledge & training AML compliance for challenger banks In a constantly evolving financial landscape, challenger banks have become increasingly mainstream, with one study suggesting 14 percent of UK adults hold an account with one of the four largest institutions. Challenger banks disrupt the space occupied by legacy banks […] 7 minute read
Sanctions Knowledge & training OFAC sanctions fines and how to avoid them OFAC sanctions fines and how to avoid them International sanctions are a vital part of the global fight against money laundering and the financing of terrorism. In the United States, economic sanctions are implemented by the Treasury’s Office of Foreign […] 6 minute read
Sanctions Knowledge & training A comprehensive guide to the US sanctions list Sanctions – restrictions and penalties imposed in response to violations of international law and threats to global security – are a key tool of US foreign policy. A wide range of sanctions allows the US to achieve policy objectives by exerting […] 7 minute read
AML compliance Knowledge & training How to comply with Canada’s AML requirements Canada’s status as the second-largest economy in North America and as a major center for business and finance means it faces significant money laundering risks. In 2021, the Financial Action Task Force (FATF) provided an update on its assessment of […] 7 minute read
Regulation Knowledge & training What is the Bank Secrecy Act (BSA)? The Bank Secrecy Act (BSA) is a US federal law that contains measures to combat money laundering and other financial crimes. It is a central piece of legislation in the overall US anti-money laundering and countering the financing of terrorism […] 7 minute read
AML compliance Knowledge & training A guide to anti-money laundering regulations in the US As the largest economy in the world and an influential political power, the United States plays a vital role in the global fight against money laundering and the financing of terrorism. The US is a member of the Financial Action […] 11 minute read
Sanctions Knowledge & training 3 ways to perform better AML sanctions screening Increased enforcement efforts are shining a spotlight on anti-money laundering (AML) sanctions compliance. Firms increasingly must elevate their game to keep pace with regulators’ demands while still providing their customers with exceptional service — which means fast and frictionless service. […] 6 minute read
Financial crime Knowledge & training Money Laundering - The Vancouver Model The Vancouver Model is a method of money laundering that is highly used in Vancouver, British Columbia. The model uses casino gambling as a way for foreign and domestic criminals to launder illegitimate funds and exploits Canada’s traditionally lax regulatory […] 5 minute read
CFT Knowledge & training What is the California Consumer Privacy Act? The California Consumer Privacy Act (CCPA) was signed into law on June 28, 2018, by the California State Legislature and introduces sweeping new privacy laws to protect the personal data of California’s residents. Also known as the California Privacy Act, […] 4 minute read
