AML

Insights and guidance from ACA's team of experienced compliance and technology professionals.

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January 18, 2019

We are excited to participate in ACAMS Connecticut Chapter’s 5th Annual All-Day Learning Event. ACA Telavance’s Mark Scarmozzino will share his insights about customer due diligence and enhanced due diligence compliance.

January 17, 2019

In December 2018, the federal prosecutors in the Southern District of New York filed one of the first criminal charges against a U.S.-based broker-dealer for a violation of the Bank Secrecy Act (“BSA”).

January 3, 2019

The Office of the Comptroller of the Currency ("OCC"), Board of Governors of the Federal Reserve System ("Board"), and Federal Deposit Insurance Corporation ("FDIC") issued a final ruling expanding the examina

Technology and AML
December 20, 2018

Technology is an essential weapon for financial services firms in the battle against anti-money laundering (AML). The Office of the Comptroller of the Currency (OCC) issued a joint statement with other regulators earlier this month encouraging financial institutions to try new and innovative ways of combating AML. Three types of technology – advanced analytics, software robots, and artificial intelligence (AI) – could help make it easier to detect and prevent money laundering, as well as comply with existing regulations and follow the guidance of this joint statement.

December 14, 2018

While the financial institutions have the desire to improve the data quality and availability, data governance is often driven by external regulations to implement a program to ensure requirements outlined in DFS Part 504 regulation are met.

December 13, 2018

ACA Compliance Group and ACA Telavance are happy to participate in the The Institute of Internal Auditors (IIA) New York Chapter's AML and Financial Crimes, Innovation and Analytics, Cybersecurity workshop on December 20th, 2018.

November 26, 2018

Increasing focus has been applied to effective data management in recent years due to the growing reliance on data to manage and optimize operations, mitigate risk and support development of new products and services.

November 26, 2018

ACA Telavance is happy to participate in the 2018 ABA Financial Crimes Enforcement Conference in National Harbor, MD as an exhibitor. Visit us at booth #726!

October 26, 2018

The US Office of the Comptroller of the Currency (OCC) has indicated that it will be focusing on the effectiveness of anti-money laundering (AML) systems and controls after including the topic on its list of FY 2019 annual priorities. For OCC-regulated banks, this means exams will concentrate on how up-to-date AML and Bank Secrecy Act (BSA) programs are with evolving threats and new rules.

October 25, 2018

Criminals are always finding new ways around financial crime detection programs. How can banks and firms continue to keep pace with the latest money laundering trends? Please join ACA Telavance’s Gokul Kallambunathil for a discussion about leveraging analytics, robotic process automation, and machine learning to help combat financial crime.

July 12, 2018

Dear Clients and Friends,