BlogCollaboration 101: The Basics of 314(b) Information SharingMarch 26, 2015 by Verafin We teach our kids to share, we understand the value of teamwork, and we know that usually, the whole is indeed greater than the sum of its parts. These ideas of sharing, collaboration and teamwork prove beneficial for most things... |
Blog5 Insightful FinCEN Statements about Collaboration through 314(b)March 18, 2015 by Denise Hutchings Although the USA PATRIOT Act was legislated more than a decade ago, it is interesting to note that one particular section – 314(b) information sharing – has become the subject of renewed focus. Numerous regulatory and law enforcement agencies including... |
Blog12 Red Flags for “Funnel Accounts” Used to Launder MoneyFebruary 25, 2015 by Denise Hutchings Regulatory and law enforcement agencies are cautioning financial institutions about an increased use of illegal funnel accounts to launder proceeds from human smuggling, human trafficking and drug trafficking crimes. In light of the recent attention on this money laundering trend,... |
