by Kevin Sullivan, CAMS, CCI | Jan 28, 2020 | Commentary, News
The Cross Sell Scheme The Office of the Comptroller of the Currency (OCC) recently released an investigative report based upon the misconduct of Wells Fargo Banks’ sales practices. This was the practice of bank employees providing a product or service to a customer or...
by Kevin Sullivan, CAMS, CCI | Jan 16, 2020 | News
The Vatican Bank Investment Dilemma Recently Pope Francis ordered the investigation of the Holy See’s (Central Governing Body of the Catholic Church) Financial Information Authority (competent authority) located inside of Vatican City regarding money donated to the...
by Kevin Sullivan, CAMS, CCI | Jan 1, 2020 | Commentary
On January 1, 2020 the New York State Police (NYSP) announced the line of duty death of Investigator Ryan Fortini. Inv. Fortini passed away from an illness stemming from his assignment at the World Trade Center site following the terrorist attacks on September 11....
by Kevin Sullivan, CAMS, CCI | Dec 17, 2019 | Anti-Money Laundering Program, News
What’s a GTO? While the term geographical targeting order (GTO) sounds like something out of a James Bond film, it actually is a very unique order issued by the Department of the Treasury to narrow the scope of a financial investigation. The GTO is a mandate...
by Kevin Sullivan, CAMS, CCI | Nov 19, 2019 | News
The U.S. Attorney’s Office in the Southern District of New York has indicted Bruce Bagley, a University of Miami professor in the Dept. of International Studies, on charges of money laundering and conspiracy. Mr. Bagley is the author of a book on money...
