Articles

by Sandy Dumont, BOL Guru

by Richard R. Bode

We Must Stop the Foreclosure Frenzy

Robbery Date: 6/19/09
Bank Name: First National Bank of the South
Location: Mount Pleasant, SC

by Barry Thompson

by Barry Thompson

Terence Cornelius, CISSP

IMPORTANT NOTE: Effective July 2, 2009, the separate treatment of third party payments by check, debit card, draft or other similar payment orders is ended by an amendment to § 204.2(d)(2) o

How to Implement Risk-Based OFAC Monitoring Practices
Five steps to risk assessment; ten practices for monitoring
by Timothy R. White, CAMS

BSA Exemption Review Form
by Brenda S. Canterbury
Senior Compliance Manager, Specialty Businesses
RBC Bank (USA)

Robbery Date: 04/15/09

Bank Name: First National Bank of the North, Askov, MN

The vast majority of firms appear to take their responsibilities to file SARs seriously and expend a considerable amount of resources to diligently file SARs in accordance with their legal obligati

The defendants in this case first settled a civil suit with the government concerning the sale of $7 million worth of fraudulent ?prime-bank? note investments to investors nationwide.

Six defendants pled guilty and received prison time for defrauding investors in a case that started when a securities firm noticed suspect transactions and reported the activity to law enforcement.

SEC Enforcement and the Office of Compliance Inspections and Examinations (OCIE) review, in both the enforcement and examination contexts, all new SAR-SF forms that are filed.

Proactive Suspicious Activity Report Review Leads to Guilty Pleas in ?Cash Back? Mortgage Fraud Scheme

In order to satisfy fines and restitution ordered as a result of an earlier scheme, two defendants began a new multi-state advertising campaign scheme to attract buyers (mostly elderly) of non-exis

Identity theft occurs in many forms and can include additional crimes of false statement, computer intrusion, credit or debit card fraud, mortgage loan fraud, or wire transfer fraud.

Firms are required to file SARs that are complete, thorough, and timely.

FinCEN has reported on the increase in the number of SARs that cite mortgage fraud as a potential violation.34 Law enforcement uses these SARs to investigate and prosecute mo

By Staff of the Securities and Exchange Commission6