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Risk Assessment

Chip and PIN protections Could fall short with new future threats

The protections that chip and PIN payment card solutions offer may fall short as cyber criminals begin installing command-and-control malware on infected EMV device readers, a new report warns. Cyber criminals could begin re purposing ATM EMV malware to attack retail environments by infecting point-of-sale (POS) machines (possibly via malicious […]

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PenFed Employees Saw Anti-Money-Laundering Compliance Gaps

Neil Goldstein is a Certified Anti-Money Laundering Specialist (CAMS) who is the founder of Chesapeake Compliance Consultants, LLC.A prior owner of financial service centers offering check cashing and other related services, Neil has been providing compliance services to MSBs since 2009.Contact Neil @ chesapeakecc@gmail.com or call or him at 443-857-9112.
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Neil Goldstein is a Certified Anti-Money Laundering Specialist (CAMS) who is the founder of Chesapeake Compliance Consultants, LLC.A prior owner of financial service centers offering check cashing and other related services, Neil has been providing compliance services to MSBs since 2009.Contact Neil @ chesapeakecc@gmail.com or call or him at 443-857-9112.
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Neil Goldstein is a Certified Anti-Money Laundering Specialist (CAMS) who is the founder of Chesapeake Compliance Consultants, LLC.A prior owner of financial service centers offering check cashing and other related services, Neil has been providing compliance services to MSBs since 2009.Contact Neil @ chesapeakecc@gmail.com or call or him at 443-857-9112.
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By Ryan Tracy of Wall Street Journal Oct. 30, 2018 1:39 p.m. ET Employees at one of the largest and fastest-growing credit unions in the U.S. told executives and regulators that it had a flawed program to prevent money laundering, according to people familiar with the matter and internal credit-union […]

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FinCEN permanently extends limited relief for renewable, rollover products related to new beneficial ownership rule

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Neil Goldstein is a Certified Anti-Money Laundering Specialist (CAMS) who is the founder of Chesapeake Compliance Consultants, LLC.A prior owner of financial service centers offering check cashing and other related services, Neil has been providing compliance services to MSBs since 2009.Contact Neil @ chesapeakecc@gmail.com or call or him at 443-857-9112.
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Neil Goldstein is a Certified Anti-Money Laundering Specialist (CAMS) who is the founder of Chesapeake Compliance Consultants, LLC.A prior owner of financial service centers offering check cashing and other related services, Neil has been providing compliance services to MSBs since 2009.Contact Neil @ chesapeakecc@gmail.com or call or him at 443-857-9112.
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Neil Goldstein is a Certified Anti-Money Laundering Specialist (CAMS) who is the founder of Chesapeake Compliance Consultants, LLC.A prior owner of financial service centers offering check cashing and other related services, Neil has been providing compliance services to MSBs since 2009.Contact Neil @ chesapeakecc@gmail.com or call or him at 443-857-9112.
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This month, after 90-day and then 30-day extensions, the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) permanently extended a rare ruling granting exceptive relief related to an ambiguous, potentially burdensome piece of new beneficial ownership obligations for legal entity customers that took effect in late July. The original final rule, […]

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Money-Laundering and Sanctions Risks Not Being Adequately Prepared for by Financial-Services Institutions,

New York, Dec. 20, 2017 (GLOBE NEWSWIRE) — Even though financial institutions are perhaps more aware than ever of risks related to money-laundering and sanctions-related investigations, many of them may be “de-risking”—disassociating themselves, perhaps needlessly, from otherwise-profitable businesses and relationships. And, at the same time, a significant number lack both […]

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Luetkemeyer Reintroduces Legislation to End Operation Choke Point

U.S. Rep. Blaine Luetkemeyer (MO-03) filed legislation to restore the balance between financial institutions and regulators and protect private industry from the organized bureaucratic intimidation that originated under the Obama Administration. The legislation, the Financial Institution Customer Protection Act, passed the House of Representatives in the 114th Congress. “Last Congress, […]

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Cayman Islands Monetary Authority Holds Bank De-risking Discussions in DC

(CNS Business): Ministry of Financial Services and Cayman Islands Monetary Authority (CIMA) officials recently held a second round of meetings in Washington DC with key US Congressional staff, regulators and stakeholders about bank de-risking from the Caribbean perspective. The Cayman officials then contributed to Financial Stability Board discussions on an […]

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