Transforming compliance to keep pace with accelerating digital commerce
Transforming Compliance To Keep Pace With Accelerating Digital Commerce

A new era of commerce is here Digital transactions grew 44% YOY to $861B USD in 2020 as growing consumer shifts toward digital commerce were significantly and rapidly accelerated by the COVID-19 pandemic, according to digitalcommerce360.com. An American Bankers Association …

Evaluating Effectiveness: Setting Priorities Around the AMLA Act of 2020
Evaluating Effectiveness: Setting Priorities Around the AMLA Act of 2020

The Anti-Money Laundering Act of 2020 (AMLA) continues to evolve as 2021 progresses. This blog provides highlights from our recent webinar “The AML Act of 2020: Where Effectiveness Meets Efficiency.” Read on for considerations for setting priorities to optimize compliance …

Shut the Back Door on Sanctions Violations
Shut the Back Door on Sanctions Violations

Would you leave your house, carefully locking your front door, but with the back door and all the windows wide open? Probably not. Fully protecting your home, and the people or valuable assets within it, naturally includes securing all avenues …

The AML Act of 2020 and FinCEN Notice of Proposed Rulemaking on Cryptocurrency
The AML Act of 2020 and FinCEN Notice of Proposed Rulemaking on Cryptocurrency

Our recent post highlighted areas to focus on as the Anti-Money Laundering (AML) Act of 2020 takes shape. One important provision of the Act deals with virtual currency and digital assets and could have potential far-reaching effects on the industry, …

Explore the combined strength of LexisNexis® Risk Solutions and Accuity
Explore the combined strength of LexisNexis® Risk Solutions and Accuity

Learn how we’re expanding upon our commitment to deliver comprehensive compliance risk and payments solutions So much of our customers’ business success and brand reputation strength centers around expectations of effortless transactions. In the reality of day-to-day operations, delivering a …

The Corporate Transparency Act and Beneficial Ownership Requirements
The Corporate Transparency Act and Beneficial Ownership Requirements

Anonymous corporate structures designed to move and hide illicit wealth have long plagued the fight against money-laundering and counter-terrorist financing. Under the Bank Secrecy Act (BSA), enacted in 1970, financial institutions are required to report certain transaction activities and subjects …

AML Trends
Lean Into Accelerated Digital Transformation While Reducing Risk

The COVID-19 pandemic rapidly accelerated digital transformation efforts for most organizations. The trend that began as a forced necessity at the emergence of the pandemic has evolved into an enduring market reality that is here to stay for 2021 and …

AML Act of 2020
Areas to Focus on as the Anti-Money Laundering Act of 2020 Takes Shape

The recently passed Anti-Money Laundering Act of 2020 (AMLA)1 represents the most significant reform to U.S. anti-money laundering (AML) laws since the USA PATRIOT Act.   As the AMLA takes final shape, it is already clear the new law will have …

No More AML Exemptions for Credit Unions and Specialized Banks
No More AML Exemptions for Credit Unions and Specialized Banks

The U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) pulled back the AML compliance exemption for certain financial institutions in late 2020. Under the November 16, 2020 rule, titled Customer Identification Programs Anti-Money Laundering Programs for Banks Lacking a Federal …

Leslie Bailey Financial Crime Compliance Cape-less Crusader
Leslie Bailey’s Mission Is to Stay One-Step Ahead of Money Launderers

As part of our ongoing series on our heroes of financial crime compliance, we meet Leslie Bailey, Vice President of Financial Crime Compliance strategy. Leslie, a self-proclaimed eternal optimist, embraces her position as a member of the LexisNexis Risk Solutions …