What Do I Need to Know About Proliferation Financing?

When FinCEN issued their AML/CFT (Anti-Money Laundering/Combating the Financing of Terrorism) Priorities on June 30, 2021 1, one of those priorities was proliferation financing. But what exactly is ‚ÄúProliferation Financing‚ÄĚ and how should financial institutions manage this risk? FinCEN did not really give much insight into any of the priorities or indicate what they expect […]

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Protecting Your Financial Institution from Terrorist Financing

This article was first published in the NJ Bankers Magazine. ¬† For years now, financial institutions have had to focus on the prevention of money laundering. Then in 2001, after the attack on 9/11 and the passage of the USA PATRIOT ACT (Uniting and Strengthening America¬†by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism) […]

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