April 26 2019

When Executives Tell the BSA Team to Shut Up

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When Executives Tell the BSA Team to Shut Up

The Florida BSA/AML team sounded repeated alarms about a potential money-laundering pipeline, but the response they got from executives was to shut up, focus on the transaction in front of them, file their paperwork, and move on. The billions kept flowing. Then it hit the fan. Key takeaway: don't ignore your BSA/AML team's warnings. [4/3/19]

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Risk Watch 147: What Financial Institutions Can Learn from Rabobank’s Mistakes

Rabobank in California was hit with a $50 million fine for its Bank Secrecy Act and Anti-Money Laundering deficiencies. Ken Agle of AdvisX shares where Rabobank went wrong and what financial institutions can learn from its mistakes. Click here to watch now!

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Each day, teams of subject matter experts and analysts at AffirmX and AdvisX comb through dozens of resources to keep tabs on the latest developments in areas of risk. We share our findings here, along with a brief note about why each item matters.

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