Anti-Money Laundering

Charlie Scharf is probably not even made aware of penalties under eight figures.

After a ten-year Teutonic tempest, it’s coming around.

It’s almost as if five years of stern warnings and meaningful shakes of the head haven’t gotten through yet.

Lessons from the first week of the Biden administration.

Thomson Reuters partnered with ACAMS to conduct a survey of 253 anti-money laundering compliance leaders related to processes and activities used in response to “know your customer” requirements. The responses showed the impact the CDD Rule has had – and will continue to have – on the operations and practices of financial institutions.