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...
by Kevin Sullivan, CAMS, CCI | Nov 12, 2019 | Anti-Money Laundering Program, News
When many people hear the term “money laundering,” they think about the cartel or a corrupt businessmen. Very few people know just how common money laundering truly is. Money laundering is simply defined as “the act of disguising the source or true nature...
by Kevin Sullivan, CAMS, CCI | Sep 11, 2019 | News
On this, the 18th anniversary of the 9/11 attacks, I reminisce my experience and consider where the financial community is today. As an Investigator with the New York State Police detailed to NY HIFCA El Dorado Task Force, our offices were located at 26 Federal Plaza,...
by Kevin Sullivan, CAMS, CCI | Mar 15, 2019 | News
In the last few days there have been two major predicate crime incidents. One is the university admissions scandal and the other is a drug bust in NYC. I would like to address the role a financial institution should be playing in ongoing law enforcement...
by Kevin Sullivan, CAMS, CCI | Mar 6, 2019 | Anti-Money Laundering Program, News
More and more businesses are catching on to the importance of anti-money laundering (AML) training. However, as you hear or read the latest regulatory actions against various financial institutions, you will almost always see lack of training listed in the...
