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Author Archives: Michelle Lombardo

1 Jun 2021

Spotlight: How Your Peers are Addressing MRBs, If They are Actually Banking Them, and How They are Mitigating the Risks Associated with Them

by Michelle Lombardo |

Every year we conduct surveys on important anti-money laundering (AML) topics.  A recent survey focused on the topic of Marijuana Related Businesses (MRBs). While marijuana remains illegal on the federal level, more states have begun legalizing both adult and recreational … Read More

1 Sep 2020

Spotlight: BSA/Transaction Monitoring Software – What Your Peers Are Using, Doing, and Paying

by Michelle Lombardo |

Every quarter we conduct a survey on important topics to anti-money laundering (AML) professionals. A recent survey covered the topic of the use of BSA/Transaction Monitoring software. Although having an automated transaction monitoring software is not required for financial institutions, … Read More

6 Aug 2019

Enforcement Actions Against Community Bank Institutions

by Michelle Lombardo |

There can be a precarious path bankers walk assuming that a community bank has a low risk for money laundering. The reality is that nefarious actors know this, and while these banks are often doing their best with the staff … Read More

AML, community banks, enforcement actions, OCC

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