Human Trafficking, Human Slavery, Trafficking in Persons, Human Smuggling – Part 2

A global problem.  What can we do as US financial institutions to help bring it to an end? Last month we discussed the global blight of human trafficking under its various names.  It is second only to global drug trade in terms of its profitability for the criminals who traffic in persons. It produces well […]

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AML in the Age of Cryptocurrency (Part 1)

Introduction Virtual currency businesses get caught in the anti-money laundering (AML) web both coming and going.   Financial services businesses such as banks view them as suspect customers and suspect business partners, and either flee or impose stringent information requirements and onerous ongoing monitoring.  Meanwhile, the banks may be filing secret reports with the U.S. federal […]

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