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While there remains no singular piece of legislation governing how the personal data of individuals residing in the United States is processed and managed across all sectors, legitimate change in this regard finally appears to be on the horizon. On June 18th, United States Senator Sherrod Brown (D-OH), a ranking member of the U.S. Senate […]

A new trend has emerged in the financial sector that has seen a rise in cyberattacks targeting smaller institutions as part of a greater effort by hackers to avoid detection, immediately profiting from these exploits while also establishing connections to potentially larger targets along the way. As recent history has demonstrated, [...]

As financial technology (FinTech), artificial intelligence (AI), and cryptocurrencies continue to embed themselves into mainstream finance, the scope of government regulation surrounding many of these potent platforms is still relatively uncertain. With today’s global financial landscape subject to constant change, a recent article from the [...]

The Currency and Foreign Transactions Reporting Act (frequently referred to as the Bank Secrecy Act or “BSA”) has stood at the heart of regulatory compliance in the United States over the past fifty years. This legislative framework has long required financial institutions (FI’s) to establish potent anti-money laundering (AML) programs to [...]

Weekly Roundup   JPMorgan Extends Banking Services to Crypto-Giants  In an unprecedented move, JPMorgan Chase & Co. recently moved to extend banking services to two of the larger names in the cryptocurrency sphere, Coinbase Inc. and Gemini Trust Co. The Wall Street Journal writes that the bank “is primarily providing cash-management [...]