Ep17: This episode is my little rant about how I sort of fell off the wagon and having not released any podcast episode during the past two weeks being around Family in my home country. I still decided to release this episode as a means to give the opportunity to YOU to get to know me a little more. This space isnt just about putting up professional content but also a space for being Raw, authentic and being Myself.

Understanding your organization’s threats and having countermeasures is fundamental to modern business success. Financial crime compliance is the strategies and tactics deployed by organizations to prevent, detect and report illegal financial activities. Financial crime includes actively trying to gain from criminal acts financially and actions trying to hide the proceeds of crimes. Ongoing vigilance is necessary as financial crime, the legal requirements to fight it, and the most appropriate...

Coinbase will pay a $50 million fine and invest a further $50 million into strengthening internal compliance programs after regulators found that Coinbase had failed to thoroughly vet new customers. Coinbase settled a case with New York's state financial regulator, the parties announced Wednesday, and will pay a $50 million fine and invest a further $50 million in compliance efforts. Regulators from the New York Department of Financial Services said the company had longstanding failures in...

12 Money Laundering Techniques Money Launderers use to commit their laundering operations and hide the source of their illicit assets using different sophisticated methods.

I am going to explain money laundering and particularly its regulation in the United States. There are many U.S. laws that prohibit activities connected to money laundering.

Couldnt hold it but share my excitement after buying a Microphone 🎙 for my future podcasts. Such a Kid 👦

If you would like to know how to Commit Money Laundering? Follow the steps I am preaching in this episode! You ll most likely end up behind bars, so don’t go about doing everything I just said! It is for educational purposes only to demonstrate how criminals attempt a money laundering operation to clean their dirty money. Consider subscribing if you want to learn more about Anti Money Laundering and how to become a Sherlock person who’s investigating such Financial Crimes. Are you feeling the...

2023 is going to be Your Year. A year that you let go of things that dont serve you with Grace. A Year you receive unexpected blessings with Ease. A year you take exponential Leaps and bounds toward your Dreams that you once thought were Impossible. 2023 is the year of epic Transformation and Growth. It is a year of Authenticity and Truth. It is a year of your Limitless Potential. Are you feeling the pull to make...

In this episode, you ll learn more about the key fundamentals of an AML Compliance Program to be establish In order to combat financial crime by banks, credit unions, and a variety of other financial institutions across the world, which are all required to develop and put in place Anti-Money Laundering (AML) Compliance Programs.

Compliance professionals provide a valuable service to companies by helping them avoid costly fees and legal problems. Regulatory agencies may levy fees and other penalties for violations of non-compliance. Demand for compliance professionals appears to be growing, following increased regulation in key industries to protect the public from fraud.

The Intelligence Reform and Terrorism Prevention Act of 2004 Amended the BSA to require the Secretary of the Treasury to prescribe regulations requiring certain financial institutions to report cross-border electronic transfers, if the Secretary determines that such reporting is "reasonably necessary" to aid in the fight against money laundering and terrorist financing.

It is an emotional episode for me, or at least I think it was. I’d like to pay tribute to the victims and survivors of the terrible attacks that occurred just over twenty years ago on September 11, 2001. for many, the Memorial is seen as the place where the 21st century began. The attacks of September 11, 2001 may have happened here in the United States, but in truth, 9/11 was a global moment. Fast forward, in this episode I have addressed the USA Patriot Act provisions going through the...

This episode provide a high level overview of the provision of both Money Laundering Suppression Act and Money Laundering and Financial Crimes Strategy Act. The Money Laundering Suppression Act Required banking agencies to review and enhance training, and develop anti-money laundering examination procedures Required banking agencies to review and enhance procedures for referring cases to appropriate law enforcement agencies Streamlined CTR exemption...

This Episode covers two other important AML Acts. The Anti-Drug Abuse Act of 1988 which Expanded the definition of financial institution to include businesses such as car dealers and real estate closing personnel and required them to file reports on large currency transactions Required the verification of identity of purchasers of monetary instruments over $3,000. The Annunzio-Wylie Anti-Money Laundering Act (1992) * Strengthened the sanctions for BSA violations * Required Suspicious...

A new year is upon us, which means it's officially goal-setting season. I hope 2023 become a successful year for many of us. It is that time of the year when most of us sit and think about where we would like to be, and who do we want to become. Not having clear goals wont help us achieve anything. If you are interested in learning more about Financial Crime Compliance, AML, KYC, and Regulatory Compliance, take this as an invitation to follow me and join me as One of my 2023 goals is to share...

In its mission to "safeguard the financial system from the abuses of financial crime, including terrorist financing, money laundering and other illicit activity," the Financial Crimes Enforcement Network acts as the designated administrator of the Bank Secrecy Act (BSA). The BSA was established in 1970 and has become one of the most important tools in the fight against money laundering. Since then, numerous other laws have enhanced and amended the BSA to provide law enforcement and regulatory...

Money laundering as a crime only attracted interest in the 1980s, essentially within a drug trafficking context. It was from an increasing awareness of the huge profits generated from this criminal activity and a concern at the massive drug abuse problem in western society . Governments also recognised that criminal organisations, through the huge profits they earned from drugs, could contaminate and corrupt the structures of the state at all levels. Money laundering is a truly global...