Search results: 24 matching results

Validating AML Models Under the NYDFS Part 504 AML Requirement

NYDFS Part 504 became effective on January 1, 2017 and requires the first annual submissions of compliance findings to t...
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AI in AML, Consumer Protection Developments Interview

This interview features Christine Bucy of Protiviti’s Risk and Compliance practice and Steven Stachowicz to discuss the ...
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Hong Kong Issues Its First Money Laundering and Terrorist Financing Risk Assessment Report

This article outlines some of the sectoral risk assessments in the Hong Kong government’s first Money Laundering and Ter...
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How to Prepare for the New EU AML Directive (5AMLD)

On May 14, the European Parliament and Council formally adopted the fifth and latest update to the European Union’s anti...
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U.S. Addresses Long-Standing Gap in its AML Compliance Regime

This Flash Report puts a spotlight on the Anti-Money Laundering Act of 2020 and explains several other provisions aimed ...
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Top of Mind Compliance Issues for 2021 – The AML Act of 2020

This article summarizes many key provisions from the Anti-Money Laundering Act of 2020 that should be top of mind for ma...
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Ongoing Risks of Government Lending Programs

This article summarizes key government lending program risk implications and highlights five proactive steps lenders can...
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FinCEN and the Banking Agencies Clarify Due Diligence Requirements for Charities, Non-Profit Organizations

A look at how finance firms can determine the risk of a charity or non-profit organization (NPO) and develop a customer ...
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Regulators Increase Focus on Virtual Currencies as Institutional Interest Grows

Protiviti’s Tom Crock highlights guidance on cryptocurrency services and explains how finance firms should address new f...
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FinCEN and OFAC Put Financial Institutions on Notice About Processing Ransomware Payments

Protiviti Director Josh Kaptur summarizes highlights from the FinCEN and OFAC advisories and explains what financial ins...
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Transforming AML Compliance With Technology

In this article, Protiviti Managing Directors Shaun Creegan and Vishal Ranjane outline the critical steps to take toward...
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U.S. Bank Regulators Encourage Innovation in the Fight Against Financial Crime

Protiviti Senior Managing Director Carol Beaumier explores the federal regulators’ push for innovation and what it means...
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Financial Action Task Force Set to Rate Hong Kong “Compliant” in Anti-Money Laundering Evaluation

This article provides a background on Hong Kong’s rigorous efforts to combat money laundering (ML) and terrorist financi...
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Building Blocks for an Effective AML Enterprisewide Risk Assessment

This paper discusses the challenges associated with the anti-money laundering (AML) enterprisewide AML risk assessment (...
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The OCC’s 2020 Supervision Plan Targets Emerging Risks Facing Financial Institutions

This article discusses the Office of the Comptroller of the Currency’s supervisory plan for 2020, which is designed to h...
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Innovating AML Compliance: The Next Regulatory Imperative?

This article explains how regulatory expectations around innovation will continue to evolve and drive leading anti-money...
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At RegTech Conference, Protiviti and IRTA Sound an Urgent Call for KYC Optimization

This article shares some valuable ‘‘know your customer’’ (KYC) insights and recommendations based on both the results of...
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An Urgent Call for KYC Optimization

This report provides a blueprint for adopting more efficient and effective "know your customer" (KYC) processe...
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Asia Risk and Compliance Newsletter

This 2017 Asia Risk and Compliance newsletter includes: (1) Round-up of Regional Updates in Asia
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Hong Kong Rated ‘‘Compliant’’ by Financial Action Task Force but Room for Improvement Remains

This article shares insight on Hong Kong’s strong legal foundation for combating money laundering and terrorist finance ...
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Can Machine Learning Improve Consumer Lending? We Think So

This article explains why many financial lenders should be fully aware of the potential of machine learning (ML) as a vi...
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Anti-Money Laundering Capability Maturity Model (CMM)

This tool defines the capability maturity indicators for the anti-money laundering process, from the initial stage throu...
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Know Your Customer: It’s All About Risk

This article offers valuable KYC tips and lists several questions AML compliance officers can address to redirect their ...
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