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Global RADAR has announced the launch of its latest offering aimed to make it easier for organizations to manage beneficial ownership requirements.  With the looming deadline of May 11, 2018, financial institutions will soon be required to comply with FinCEN’s Customer Due Diligence (CDD) Final Rule.  The ruling requires covered financial [...]

Late last month, Global RADAR reported in detail on the fast-approaching beneficial ownership requirements for covered financial institutions (FI’s), regulations from the Financial Crimes Enforcement Network (FinCEN) that come into effect on May 11th, 2018. The new measures take aim at improving faulty areas that have lead to large-scale [...]

New Customer Due Diligence (CDD) Beneficial Ownership requirements have shifted the focus of compliance to an area that has historically been challenging. More importantly, maintaining and reporting of beneficial ownership information is now a requirement for financial institutions. In May 2016, the U.S. Department of the Treasury Financial [...]

To say its been a rough two week stretch for the Facebook brand and its founder, international icon Mark Zuckerberg, would be an understatement. In mid-March it was discovered that the highly-recognizable social networking platform allowed a researcher from Cambridge Analytica, a political consulting firm that employs data mining, brokerage, [...]

As May 11th, 2018 approaches, financial institutions across the United States continue to work towards ensuring their compliance with the latest set of regulations introduced by the Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Department of the Treasury that monitors financial data and proceedings in order to better [...]