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Winter 2008 Newsletter
MSB’s – Next Wave of Regulation Actions
In recent weeks, we have observed what seems is a surge of regulation actions hitting money service businesses (MSBs). Take for example, a California MSB, the “leading remitter of money transfers from U.S. to Mexico,” entered a record settlement with the U.S. Department of Justice including a $5 million penalty and $9.7 million agreement to upgrade their AML program, resulting from suspicious transactions between the U.S. and Mexico.
Included in this edition of the Source:
- Largest Bank Fraud Yet Uncovered
Past Newsletters
Spring 2007 Newsletter
- Trade-Based Money Laundering: Important Channel of Criminal Activity
Winter 2007 Newsletter
- FINCEN Reports Real Estate Industry Popular Target for Money Launderers
Fall 2006 Newsletter
- The Cost of Doing Business
Summer 2006
- Securities Industry
- Money Laundering
Winter 2004
- Money Laundering
- Forensic Accounting
Summer 2003
- Business Intelligence
- C-TPAT (Customs-Trade Partnership Against Terrorism)
- Sarbanes-Oxley Act
Spring 2003
- USA PATRIOT Act
- Fraud
Fall 2002
- Business Disputes
- Counterfeiting
Summer 2002
- Establishing Jurisdiction
- Due Diligence Processes
Media Contact
Jillian Bernaiche
(602) 889 - 1626