Happy New Year! And happy birthday to our Money Laundering Watch blog, which is entering its fourth year.
Let’s look back. 2019 was yet another busy year in the world of money laundering and BSA/AML (Bank Secrecy Act/Anti-Money Laundering). We are highlighting 12 of our most-read blog posts. They address many of the key issues we’ve examined during the past year—massive bank scandals, beneficial ownership, potential AML reform, virtual currency, cannabis and financial institutions, counter terrorism financing, money laundering prosecutions, and broad policy and social questions implicated by AML concerns.
The top posts:
- Corporate Transparency Act of 2019 Broadens Beneficial Ownership Reporting
- New FinCEN Cryptocurrency Guidance Provides Comprehensive Overview of BSA Application to Crypto Businesses
- Financial Services and the Marijuana Industry: The U.S. House Mulls Regulatory Reform for Financial Institutions and Cannabis-Related Businesses
- Massive Dankse Bank Money Laundering Scandal Continues to Unfold
- Art and Money Laundering
- Gold and Money Laundering
- Anti-Terrorism Act Liability Requires More than Mere Failures of Customer Due Diligence
- D.C. Circuit Rules in Favor of Broad Reach of Patriot Act Subpoenas
- FinCEN Director’s Remarks Highlight AML Regulatory Reform Efforts
- What the Basel AML Index Reveals About Global Money Laundering Risks
- DOJ Indicts Professor and Drug Trafficking Expert for Laundering Proceeds of Venezuelan Corruption Scheme
- Should the Financial Industry be Detecting Mass Shooters?
We want to thank our many readers around the world who continue to make this blog such a success. The feedback we receive from financial industry professionals, compliance officers, in-house and external lawyers, BSA/AML consultants, government personnel, journalists, and others interested in this field is invaluable. We hope you will continue to share your perspectives with us. We pride ourselves on providing in-depth discussions on the important developments in this ever-evolving area.
We also would like to thank the other platforms that host our blog: Digital Currency & Ledger Defense Coalition, Money Laundering Bulletin, and Federal Tax Crimes.
We look forward to continuing to keep you informed in 2020.
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Learn more about Ballard Spahr’s Anti-Money Laundering Team here.
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This alert is a periodic publication of Ballard Spahr LLP and is intended to notify recipients of new developments in the law. It should not be construed as legal advice or legal opinion on any specific facts or circumstances. The contents are intended for general informational purposes only, and you are urged to consult your own attorney concerning your situation and specific legal questions you have.