A Risk Exposure Index (REI) is a mathematical tool, based on KPIs, used to determine if you’re managing risk appropriately. Unfortunately for small financial institutions and money service businesses (MSBs) – businesses that transmit and/or convert funds – they often don’t have the staff or resources to do this. This was the focus of today’s …
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Rearming Compliance Policies to Fight New Forms of Threat Finance – ACAMS 2016 Day Two Keynote
“We see our adversaries as a business. It’s a business that produces fear, discord and chaos.” Lt. Col. Joshua Potter, U.S. Special Operations Command (SOCOM), says that perspective is key to developing the interagency strategies needed to confront the growing threat of home-grown terrorism. Today’s ACAMS opening session, “Rearming Compliance Policies to Fight New Forms …
- September 27, 2016
- Alex Cook
Elite VANTAGE EMEA Kicks Off
I had the privilege of hosting the opening keynote session at VANTAGE EMEA this week and both Eric Ruud and I devoted a lot of our time to discussing our continued focus and commitment to Customer Advocacy. We have made many changes to enhance the customer experience over the past year. As I said onstage …
- September 27, 2016
- Alex Cook
Man vs. Machine: Balancing Automation and Manual Reviews to Strengthen Risk Monitoring – ACAMS 2016 Panel
The intersection of man and machine – and which shoulders more of the work going into the future – is not just a concern for the legal professional, but also those in anti-money laundering (AML). As Markus Schulz, global head of FCC Controls, Group Financial Crime Compliance, Standard Chartered, noted, AML professionals ask the very same …
- September 27, 2016
- Alex Cook
Developing and Maintaining AML Regimes for Gaming Institutions of All Sizes – ACAMS 2016 Panel
Las Vegas is a city defined by its casinos. But the tall towers, sprawling properties and seemingly unlimited stream of income are far from the norm in the gaming industry, particularly when tribal gaming and small independent casino operators enter the conversation. And by that same note, anti-money laundering (AML) regimes differ from casino to …
- September 26, 2016
- Alex Cook
Managing the Risks of Risk Management – ACAMS 2016 Panel
Law enforcement organizations are often burdened with a lack of resources for investigating financial crimes, as Sheriff Joseph Lombardo, Office of the Sheriff, Las Vegas Metropolitan Police Department, noted during his ACAMS 2016 keynote this morning, But as the panelists during the “Managing the Risks of Risk Management” session later that day noted, financial institutions …
- September 26, 2016
- Alex Cook
ACAMS 15th Annual AML & Financial Crimes Conference Kick Off
With more than 2,500 public and private sector professionals in attendance, the ACAMS (Association of Certified Anti-Money Laundering Specialists) 15th Annual AML & Financial Crimes Conference kicked-off in at the Aria Resort & Casino in Las Vegas this morning. With a full schedule of education and networking sessions for anti-money laundering (AML) professionals, today’s opening …
- September 26, 2016
- Alex Cook
Thomson Reuters Foundation Honors 2016 TrustLaw Award Winners
The Thomson Reuters Foundation has named the recipients of its 2016 TrustLaw Awards, an annual ceremony to celebrate global pro bono projects undertaken by legal teams with NGOs and social enterprises. Winners announced at the awards ceremony in New York include: IMPACT AWARD: Kirkland & Ellis partnered with Equality Illinois, an LGBT rights NGO, on …
- September 23, 2016
- Alex Cook
Thomson Reuters Hosts First Public-Private Partnership Summit
Last week, Thomson Reuters hosted the first Public-Private Partnership Summit at the newly-minted US Bank Stadium in Minneapolis. Hosted by the Legal Executive Institute, Sharon Sayles Belton, vice president of Government and Community Affairs with Thomson Reuters, served as emcee at the day-long event which included domain experts from law enforcement, the banking and finance …
- September 21, 2016
- Alex Cook
Future of Legal Technology Discussed at Toronto Forum
More than 200 law firm leaders, technologists and academics discussed the future of technology and the legal profession at the Emerging Legal Technology Forum in Toronto on Wednesday. Experts from leading law firms and corporations such as Air Canada and Osler, Hoskins & Harcourt LLP discussed topics including the current state of technologies available to legal practitioners, and …
- September 21, 2016
- Alex Cook