AMLA, Bank Secrecy Act, Board of Directors, Chief Compliance Officer, Chief Legal Counsel, Compliance, Corporate Transparency, Data, Data Analytics, Directors, DOJ, Enforcement, FinCen, Fraud and Forensic Inv..., KYC, Money Laundering, OSHA, Policies and Procedures, Risk, Risk Assessment, Risk-focused, SEC, Shell Company, Tips, Whistleblower, White Collar Crime Jonathan T. Marks AMLA, Bank Secrecy Act, Board of Directors, Chief Compliance Officer, Chief Legal Counsel, Compliance, Corporate Transparency, Data, Data Analytics, Directors, DOJ, Enforcement, FinCen, Fraud and Forensic Inv..., KYC, Money Laundering, OSHA, Policies and Procedures, Risk, Risk Assessment, Risk-focused, SEC, Shell Company, Tips, Whistleblower, White Collar Crime Jonathan T. Marks

Transparency! The New Anti-Money Laundering Act (AMLA)

On December 11, 2020, the Senate passed the Anti-Money Laundering Act of 2020 (“AMLA” or the “Act”) - DIVISION F of the National Defense Authorization Act for the fiscal year 2021 (the “NDAA”). The House of Representatives had previously passed the measure on December 8, 2020.

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Anti-fraud, Baker Tilly, Bribery, Fraud, Fraud and Forensic Inv..., Fraud Risk Management, Money Laundering, Red Flag, White Collar Crime Jonathan T. Marks Anti-fraud, Baker Tilly, Bribery, Fraud, Fraud and Forensic Inv..., Fraud Risk Management, Money Laundering, Red Flag, White Collar Crime Jonathan T. Marks

Congress Approves Anti-Money-Laundering (AML) Measure

Money laundering issues have haunted many over the years.  To promote greater transparency, the U.S. Sen­ate has ap­proved leg­is­la­tion re­quir­ing com­pa­nies in the U.S. to reg­is­ter their true owners. This change would help com­bat money laun­der­ing and the fi­nanc­ing of ter­ror­ism.

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Fraud and Forensic Inv... Jonathan T. Marks Fraud and Forensic Inv... Jonathan T. Marks

SEC Punishes Broker-Dealer for Conducting Business over Text Messages or on Personal Devices

The Securities and Exchange Commission (“SEC”) entered an "Order" on September 23, 2020, against JonesTrading Institutional Services LLC ("firm"), a broker-dealer located in California, for failing to retain text messages relating to the firm’s business. The SEC fined JonesTrading $100,000. Read more!

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