Harry Cassin Publisher and Editor
Andy Spalding Senior Editor
Jessica Tillipman Senior Editor
Richard L. Cassin Editor at Large
Elizabeth K. Spahn Editor Emeritus
Cody Worthington Contributing Editor
Julie DiMauro Contributing Editor
Thomas Fox Contributing Editor
Marc Alain Bohn Contributing Editor
Bill Waite Contributing Editor
Shruti J. Shah Contributing Editor
Russell A. Stamets Contributing Editor
Richard Bistrong Contributing Editor
Eric Carlson Contributing Editor
Bill Steinman Contributing Editor
Aarti Maharaj Contributing Editor
Lindsay Columbo | Friday, November 30, 2018 at 8:08AM 
Regulators are constantly telling compliance officers to take a “risk-based” approach to due diligence processes and procedures. In some cases, regulations go so far as to require third parties to be profiled appropriately based on their level of risk.
Richard L. Cassin | Monday, November 20, 2017 at 8:28AM 
The Treasury Department's Financial Crimes Enforcement Network fined one of California's biggest and oldest card clubs $8 million for willfully violating U.S. anti-money laundering laws.
Bank Secrecy Act, Card Club, FinCEN |
Richard L. Cassin | Tuesday, February 28, 2017 at 7:38AM 
The Financial Crimes Enforcement Network (FinCEN) Monday fined Merchants Bank of California $7 million for impeding compliance staff and threatening to fire staffers who wouldn't process suspicious transactions.
Richard L. Cassin | Thursday, October 6, 2016 at 9:28AM 
Image courtesy of CG TechnologyA gambling firm financed by Cantor Fitzgerald that became one of the biggest sports books in the United States entered into a non-prosecution agreement with the DOJ Monday and agreed to pay $16.5 million in criminal penalties and forfeiture.
Severin Wirz | Tuesday, August 23, 2016 at 9:22AM 
A strange thing occurred this month in the American political universe when a business organization wrote a letter to several key Congressmen advocating on behalf of a bill that would increase government oversight over companies. Yes, you read that right: companies are voicing their support for more government regulation.
Richard L. Cassin | Thursday, April 7, 2016 at 8:28AM 
The Treasury Department's Financial Crimes Enforcement Network (FinCEN) on Tuesday fined the Sparks Nugget $1 million after the casino admitted that it willfully violated the anti-money laundering (AML) provisions of the Bank Secrecy Act.
Bank Secrecy Act, FinCEN, Jennifer Shasky Calvery, Sparks Casino |
Richard L. Cassin | Tuesday, January 19, 2016 at 8:38AM 
The Treasury Department's Financial Crimes Enforcement Network (FinCEN) has the power to punish compliance officers and other individuals for their company's anti-money laundering control failures under the Bank Secrecy Act, a U.S. District Court in Minnesota ruled last week.
Richard L. Cassin | Tuesday, December 22, 2015 at 11:28AM 
The Treasury Department's Financial Crimes Enforcement Network announced its first enforcement action against a “card club” gaming business.
Bank Secrecy Act, Card Club, FinCEN, Oaks Card Club, anti-money laundering |
Richard L. Cassin | Wednesday, July 22, 2015 at 2:08PM 
The Federal Deposit Insurance Corporation Wednesday imposed a civil penalty of $140 million against Banamex USA of Century City, California for violations of the Bank Secrecy Act (BSA) and anti-money laundering (AML) laws and regulations.
Richard L. Cassin | Wednesday, June 3, 2015 at 12:39PM 
The Financial Crimes Enforcement Network (FinCEN) Tuesday fined a money transfer business based in Hamtramck, Michigan and its owner for processing millions of dollars in wire transfers to Yemen without any due diligence on those involved.
AML, Ali Al duais, Bank Secrecy Act, FinCEN, King Mail & Wireless, Yemen, money laundering |
Richard L. Cassin | Thursday, March 12, 2015 at 2:28PM 
Commerzbank AG agreed to pay $1.45 billion for doing business with Iran and other sanctioned countries and its failure to have adequate money laundering controls, the DOJ and New York financial regulator said Thursday.
Richard L. Cassin | Monday, March 9, 2015 at 6:28AM 
The Financial Crimes Enforcement Network (FinCEN) fined the Trump Taj Mahal Casino Resort $10 million Friday for willful and repeated violations of the Bank Secrecy Act.