- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
Doing business in today’s complex global economy is a game of risk and reward. As technology makes it easier to reach more customers and process transactions faster, companies have to keep close tabs on both. One false move could lead to stiff penalties from OFAC or severe reputational damage (or ...
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Crypto-friendly Silvergate Bank will pay a total of $63 million penalties to California and the Federal Reserve Board to settle charges that its anti-money laundering program failed to properly monitor more than $1 trillion worth of customer transactions.
Jamaica and Türkiye made “significant progress” addressing deficiencies in their anti-money laundering/countering the financing of terrorism (AML/CFT) programs, warranting their removal from the Financial Action Task Force’s grey list.
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