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Compliance officers shouldn’t focus on the details of the Pandora Papers, but instead should examine the risks to their AML programs the leak highlighted.
Compliance officers shouldn't focus on the scandalous details of the "Pandora Papers", but instead should examine the risks to their AML programs the leak highlighted - Compliance...
Proposed Florida legislation eases derelict boat removal MERRITT ISLAND — All those gutted, rotting-out old sailboats, yachts and other defunct dream boats — and the fuel and sewage they leak — have got to go, Florida lawmakers say, to keep afloat the watery reasons so many chose to live and play here. But many times, no one steps up as the owner, leaving the "derelict," often sunken boats sitting in the Indian River Lagoon and other coastal waters for years, obstructing our waterways. To prevent all that, Rep. Tyler Sirois, R-Merritt Island, and Sen. Travis Hutson, R-Palm Coast,...
By Aaron Nicodemus2021-01-19T19:25:00+00:00 Congress has ordered a reassessment of the Bank Secrecy Act anti-money laundering (AML) program as part of the National Defense Authorization Act (NDAA) for Fiscal Year 2021 (H.R.6395). The bill includes a “formal review” of BSA rules regarding the filing of suspicious activity reports (SARs) by financial institutions. Also included are separate AML provisions that pull back the veil on anonymous shell corporations and establish a BSA whistleblower program with financial rewards for tipsters whose information leads to a conviction. In an ideal w...