January 20, 2015 by Eugene Grygo (Contribution from Minding the Gap, a blog by FTF News editor, Eugene Grygo.) Thanks to the fines imposed upon Wall Street and insurance firms for their sins during the Great Recession, the New York State government has a $5.1 billion surplus for fiscal year 2016. New York Gov. Andrew Cuomo
Financial Crime
For Bitcoin, a Roller Coaster With a Silver Lining?
Guest Contributor: Julie Conroy, research director, Aite Group Establishing a new, non-sovereign digital currency is not for the faint of heart. Bitcoin, the poster child for cryptocurrencies, has weathered a barrage of ups and downs over the last six months as financial and regulatory entities struggle to understand the currency and its role in commerce
Compliance
Six Necessary Steps for Anti-Bribery and AML Screening Improvement
Guest Contributor:Henry Balani, Managing Director at BankersAccuity’s Risk and Compliance Group In an era of enhanced scrutiny, larger fines and the ongoing internationalization of anti-money laundering (AML) and anti-bribery regulations, organizations are facing increased risk and numerous challenges in achieving and maintaining compliance. For any organization, successfully complying with AML and anti-bribery and corruption regulations
Compliance
Financial Crime & AML Compliance – Event Wrap-Up
We recently held our 2nd Annual Financial Crime & AML Compliance Breakfast event on July 18th, and we couldn’t have asked for better timing! With so many recent AML investigations including ING, HSBC and the Vatican, we knew the sessions would be received well… and we were right! Here’s what a few of our attendees
Compliance
Featured Speaker from FINRA Enforcement
We are pleased to have Sarah Green, Senior Director in the Enforcement Division at FINRA sitting on a panel at our upcoming 2nd Annual Financial Crime & AML Compliance breakfast briefing on July 18th. Sarah specializes in anti-money laundering (AML) and other Bank Secrecy Act issues and has responsibility for consulting with both examination and
Compliance
Is Your Fund Politically Intelligent?
Thanks to the upcoming presidential election, we have been flooded with campaign ads and promises from each candidate. So, I started to think about how the upcoming election will affect the financial services industry. With so much new regulation and legislation being put into place, can we even predict what will happen after November’s election?
Compliance
Catching Up to Fraud
I have to admit, I’ve never really thought about what steps go into catching the masterminds behind financial crime. I’ve heard all about firms upping their compliance and updating their strategies to catch suspicious activity internally, but I have never taken into account the role that the SEC plays in tracking the tips and complaints
Compliance
Mobile Technology – Helpful or Hurtful?
Mobile technology is currently a hot topic for the financial services industry. Many industry publications, including our own FTF News, have written special reports (I will link Eugene’s article here) exploring the growing mobile technology space and the new prospects it has created. Companies have been using this new resource to open up the communication
Compliance
Fun Friday! Financial Crime & AML Word Search
In honor of our upcoming Financial Crime & AML Compliance Breakfast Briefing in NYC on July 12th we have a financial crime related word search for you all today. Just print this post and let the searching begin! Happy Friday! K V P F S M T L G S Y O M J
Compliance
FTF Heads to Boston – Securities Ops Seminar Wrap-Up
In case you weren’t following our live updates on twitter last week (#FTFSecOps), I thought I would bring you up to speed on the issues discussed at our Securities Operations Seminar in Boston last week. The day got kicked off with a timely discussion on the impact of Dodd-Frank and other regulatory initiatives for securities
