by Kevin Sullivan, CAMS, CCI | Jun 29, 2022 | Anti-Money Laundering Program, Commentary, Interview, News
Much debate has taken place about whether the financial industry could create detection mechanisms to flag suspicious gun purchases. Many individuals and organizations are exploring ways to address the growing mass shootings in the U.S. CBS News, The Wall Street...
by Kevin Sullivan, CAMS, CCI | Apr 7, 2020 | Anti-Money Laundering Program, Commentary, Events, News
Hello, I am Kevin Sullivan, and I’m the President of the Anti-Money Laundering Training Academy. We’re all currently experiencing some extraordinary circumstances. At this time our more experienced AML folks normally would be preparing for some of the big...
by Kevin Sullivan, CAMS, CCI | Mar 31, 2020 | Anti-Money Laundering Program, Commentary, News
A Field of Schemes A financial criminal today working for an organized crime ring, drug trafficking organization, or terrorist operation, wakes up singing praises to his personal idols Al Capone, Charles Ponzi, and Lex Luthor, as he knows that his world is about to...
by Kevin Sullivan, CAMS, CCI | Feb 5, 2020 | Commentary, News
The Damage of the Broad Brush After reading the recent OCC report on Wells Fargo and noting fines of multiple top level executives for sales practices misconduct, it is very easy to become sour on the bank and paint all their employees with the same broad brush. The...
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...
