What is your risk tolerance? Are you aggressive or do you fall more on the conservative side? Do you embrace the latest innovations or wait to see how they play out? Financial institutions (FIs) have a risk threshold that has been designed to mitigate potential harm that could be done by doing business with customers …
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ACAMS2018: Compliance Models and Cryptocurrency Risks
Information has value, and illegal activity to obtain that information is more prevalent than ever. And with that activity, often funded by cryptocurrency, there comes a sense of urgency to develop a knowledge and understanding around cryptocurrency risks. At the ACAMS 17th Annual AML & Financial Crime Conference, a panel entitled “Crafting Compliance Models to …
US-Mexico-Canada Agreement: Raising Standards to Combat Counterfeit and Pirated Goods
The U.S. released the text of the U.S.-Mexico-Canada Agreement (USMCA) on October 1, a newly proposed trade agreement intended to replace NAFTA, that includes intellectual property provisions that strengthen enforcement. The international trade in goods that infringe trademarks and copyrights has been targeted for decades due to the growing threat infringing goods pose to public …
ACAMS2018: Make a Difference
“Never underestimate the power you can have to make a difference.” That was the statement investigative journalist and author Lydia Cacho impressed upon a room full of professionals attending the opening keynote at the ACAMS 17th annual AML & Financial Crime Conference in Las Vegas Cacho, who has written multiple books including her 2003 debut …
Podcast: What’s Missing from the Human Trafficking Discussion – ACAMS 2018 Panel Preview with Peter Vincent
This week, ACAMS 17th Annual AML & Financial Crime Conference will be held at the Aria Resort & Casino in Las Vegas. Among the 2,000 public and private sector professionals who will meet and share insights on anti-money laundering and financial crimes at the event is Peter Vincent, general counsel for Thomson Reuters Special Services, …
Forum Magazine: The Art of Balancing Profitability and Value
“Success, however you define it, requires the ability to anticipate changes, assess the challenges and opportunities they bring, and craft responses that will keep you ahead of the curve,” Brian Peccarelli, chief operating officer for Customer Markets at Thomson Reuters, noted in his opening from the latest issue of Forum magazine. The Fall 2018 issue …
Working to Improve AML Processes for Customers
The implementation of the Customer Due Diligence (CDD) Rule in 2018 by the Financial Crimes Enforcement Network (FinCEN), continues to impact various organizations, but not in the way many may think. Now that the rule is in effect, companies are confident in the amount of data they are gathering and are now looking more closely …
Supreme Court Watch: “Justices Denied”
As the nation waits to see how Judge Brett Kavanaugh’s confirmation process will proceed, we turn to Thomson Reuters Westlaw for historical perspective on US Supreme Court nominees. Though rejections are rare, Presidential appointees to the Supreme Court have not always received the Senate’s consent, according to Benjamin Pomerance’s Albany Law Review article, Justices Denied: …
Report: Cybersecurity, Regulations Stretching Legal Departments
Legal departments are maximizing plateauing headcount and driving efficiencies, even while demands on their time increase, according to the 2018 Thomson Reuters Corporate Legal Department Efficiency Report: Doing More With Less and Increasing Productivity in Corporate Legal Settings. The 2018 report — the third in a series of Thomson Reuters efficiency reports — surveyed 462 …
Stephen Adler’s Passionate Defense of Reuters Journalists
On Sept. 3, a Myanmar judge sentenced Reuters journalists Wa Lone and Kyaw Soe Oo to seven years in jail, following their investigation into the murder of 10 Rohingya men and boys. This week, Reuters Editor-in-Chief Stephen J. Adler wrote a powerful defense of the reporters in the New York Times. In the piece, Adler …
