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 […]
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 […]
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 […]
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 […]
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 […]
Canada has a history of underperformance with respect to following Anti-Money Laundering (AML) and Anti-Terrorist Financing (ATF) best practices, but the country has consistently improved to close the gap. Based on the findings of FATF’s most recent mutual evaluation, it […]
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 […]
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 […]
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. […]
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 […]
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, […]
Skyrocketing housing prices and an increasingly prohibitive cost of living have culminated in Vancouver being named the second least affordable place to live in the world, trailing only behind Hong Kong. Unfortunately, the affluence driving these trends didn’t originate from […]
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