‘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.
THIS IS MEMBERS-ONLY CONTENT
You are not logged in and do not have access to members-only content.
If you are already a registered user or a member, SIGN IN now.
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
-
ArticleMAS’s agentic AI playbook offers a governance lesson for every regulated industry
Singapore’s new AI risk handbook is more than a financial services toolkit. It is an early blueprint for how compliance, legal, and business leaders should govern agentic AI before the technology outruns their controls.
-
OpinionTechnoethics: The corporate responsibility gap leaders can’t ignore
As AI adoption accelerates, organizations are quietly deprioritizing the very safeguards that keep them compliant — creating governance blind spots, regulatory exposure, and stakeholder trust gaps that compound faster than most leaders realize. Compliance teams don’t have to wait for the consequences to hit: implement the following concrete steps to ...
-
OpinionThe next era of compliance: How banks will stay ahead of financial crime in 2026
Financial crime is becoming faster, smarter, and more difficult to trace. By 2026, banks and regulators will approach compliance with a new mindset. The shift is away from reaction and toward prevention, partnership, and people.