Search Results
Journal Article
Understanding the wash cycle
Money laundering has gone on since the first crime was committed for profit, but it has been explicitly illegal only since 1986. Interest in this topic soars whenever a major ?laundromat? is uncovered. This Economic Commentary describes the money laundering process, summarizes the evolving statutes, and describes the Federal Reserve?s role in assisting in their enforcement
Journal Article
Current topics: credit risk outlook for 2013 ; municipal bond credit risk management;Bank Secrecy Act/anti-money laundering & office of financial assets control violations
The Federal Reserve Bank of Chicago's supervision group follows current and emerging risk trends on an on-going basis. This Risk Perspectives newsletter is designed to highlight a few current risk topics and some potential risk topics on the horizon for the Seventh District and its supervised financial institutions. The newsletter is not intended as an exhaustive list of the current or potential risk topics and should not be relied upon as such. We encourage each of our supervised financial institutions to remain informed about current and potential risks to its institution.
Journal Article
Dirty money: after September 11, the fight against money laundering has acquired new urgency
Criminals find modern ways to launder money, and law enforcement officials adopt new tools to fight back.
Discussion Paper
Insider Networks
Modern-day financial systems are highly complex, with billions of exchanges in information, assets, and funds between individuals and institutions. Though daunting to operationalize, regulating these transmissions may be desirable in some instances. For example, securities regulators aim to protect investors by tracking and punishing insider trading. Recent evidence shows that insiders have formed sophisticated networksthat enable them to pursue activities outside the purview of regulatory oversight. In understanding the cat-and-mouse game between regulators and insiders, a key consideration ...
Journal Article
Bank Secrecy Act and anti-money laundering
Conference Paper
BSA, OFAC, and the USA Patriot Act
Journal Article
Preventing money laundering calls for fine-tuned strategy
Because of their central role in the nation's financial system, banks must remain diligent in their anti-money laundering efforts. New information from the government outlines new and ongoing initiatives.