Blog
Insightful blogs and articles related to banking and financial services operations across mortgages, financial crime, commercial lending, and more.
FATF Plenary February 2023: Key Outcomes
The second Plenary of the Financial Action Task Force (FATF) led by Singapore president T. Raja Kumar recently concluded its...
FinCEN Alert (FIN-2023-Alert003) on Mail Theft-Related Check Fraud Schemes
The Financial Crimes Enforcement Network (FinCEN) has issued a new nationwide alert—FIN-2023-Alert003—to banks and financial institutions on theft-related check fraud...
Cryptocurrency and Money Laundering: An Overview
While the use of cryptocurrency is accelerating exponentially, the overall numbers of cryptocurrency transactions related to financial crime are still...
What is Financial Crime Compliance (FCC)?
[audio mp3="https://www.anaptyss.com/wp-content/uploads/2023/02/Compliance_2026_Effectiveness_and_FinCEN_Mandates.mp3"][/audio] Financial Crime Compliance (FCC) is a process to ensure your bank or financial institution is meeting the policies,...
FinCEN Strengthens the AML Whistleblower Program
The Financial Crimes Enforcement Network anti-money laundering whistleblower program was enacted on Jan 1, 2021. The program was created to...
Financial Action Task Force (FATF): History, Functions, Lists, and Recommendations
The Financial Action Task Force (FATF) is an intergovernmental organization that sets international standards and rules to prevent financial crimes...
Basel Norms: Purpose and History
Basel Norms or Basel Accords are the international banking regulations issued by the Basel Committee on Banking Supervision - BCBS....
5 Key Takeaways From Recent FinCEN Alert on Human Smuggling on the Southwest Border
The Financial Crimes Enforcement Network (FinCEN) released a new alert focused on human smuggling and trafficking across the United States’...
Guide to Anti-Money Laundering in Banking and Finance
Anti-money laundering or AML in banking and finance refers to the legal obligations, set of rules, procedures, and regulations to...
