Towards a Cashless and Cardless Society
![Digital chain](/sites/default/files/styles/thumbnail_260x140_/public/article/cover_picture/2024-07/iStock-1018088060-1.jpg?itok=u__h13q1)
Articles, research and insights.
Article - 9 minutes read
Human Trafficking Background and Impacts on Financial Institutions
Due to the increase in technology capabilities, human traffickers have become smarter which has made identifying Human Trafficking red flags even more imperative for Financial Institutions. Negligence in correctly identify Human Trafficking could lead to negative reputational risk and large fines.
Article - 9 minutes read
United States Sanctions Landscape: Quarterly Updates Q1 2021
The sanctions regulatory landscape is ever-evolving and full of frequent changes, with impacts on all U.S. persons and entities. [1] In this article, we provide a snapshot of U.S. sanctions activity, which occurred in the first quarter of the year.
Article - 7 minutes read
The “Travel Rule” - Can Cryptocurrency Comply?
The Travel Rule marks a major change when it comes to virtual asset compliance and may fundamentally alter how Virtual Asset Service Providers (“VASPs”) operate in the future. To prepare, Crypto exchanges must apply a risk-based approach, in addition to having clearly defined policies.
Article - 4 minutes read
SEC Digital Asset Risk Alert: Market Participant Implications
In February 2021, the SEC Division of Examinations issued a risk alert on Digital Asset Securities that determined the offering, selling, and trading of digital assets as securities present unique risks to investors. Their division's examination will scrutinize all who are involved in these products
Article - 9 minutes read
Cryptocurrency: Industry and Regulatory Updates
Cryptocurrency is having its best year yet in 2021. While being one of the few industries to grow in 2020, with recent developments in the U.S. and around the world, virtual currencies are only becoming more popular, mainstream, and accessible.
Article - 4 minutes read
Bank Secrecy Act/Anti-Money Laundering Examination Manual Update
On February 25, 2021, members of the FFIEC released several updated sections and related examination procedures to the Bank Secrecy Act/Anti-Money Laundering Examination Manual that provide instructions to examiners when assessing the adequacy of a bank’s BSA/AML compliance program.