‘FinCEN Files’ report casts compliance officers in unfair light
By 
Aaron Nicodemus2020-09-21T21:19:00
The BuzzFeed “FinCEN Files” investigation purportedly uncovered evidence of a catastrophic, international collapse of internal controls within the world banking system. But that argument is misleading, to the point of being disingenuous.
Related articles
-
ArticleBack to the drawing board on transaction monitoring
In the wake of the “FinCEN Files” leaks, Martin Woods examines whether monitoring text rather than numbers in transactions could serve as a solution to our greater anti-money laundering woes.
-
ArticleWith ‘FinCEN Files,’ don’t shoot the messenger
It’s important we understand with the “FinCEN Files” that the enemy is not a journalist, a regulator, or a banker. The enemy is the money launderer, and this is where we need to focus our thinking and resources, writes Martin Woods.
-
Article‘FinCEN Files’ show Europe’s AML efforts maybe aren’t so world class
The damning revelations from the “FinCEN Files” leaks have once again put Europe and its supposed world-leading anti-money laundering rules under the spotlight.
More from Opinion
-
OpinionThe AI audit burden: Why ‘Explainable AI’ is the key
AI decisions are only defensible when the reasoning behind them is visible, traceable, and auditable. Explainable AI delivers that visibility, turning black-box outputs into documented logic that compliance officers can stand behind when regulators, auditors, or stakeholders demand answers.
-
OpinionTurning compliance into a competitive advantage in defense tech
For emerging defense tech companies to take full advantage of acquisition reforms and increased funding, they will need to overcome a defining feature of the U.S. defense industry: It is highly regulated, and will likely remain so.
-
OpinionThe rise of the AI compliance officer
As AI reshapes business operations and regulators move quickly, companies increasingly need a dedicated AI compliance officer to ensure ethical, transparent, and accountable deployment.