Daily Archives: August 17, 2016

FinCEN Doesn’t Track Bias in SAR Filings. Should it?

This entry was posted in FinCEN Money Laundering Enforcement SARs Suspicious Activity Reports and tagged AML Anti-Money Laundering FinCEN SAR suspicious activity report on by

  In my upcoming article titled “Unmasking Bias in AML Algorithms” in the September/October edition of ACAMS Today, I explore the potential for bias (racial, ethnic, religious, gender, etc.) in Anti-Money Laundering algorithms used by financial institutions to detect potential suspicious activity. The most serious outcome of activity flagged by an AML algorithm results in more »

Alison Jimenez quoted in article on AML & Marijuana Banking

This entry was posted in Anti-Money Laundering FinCEN Marijuana SARs Money Laundering Enforcement SARs and tagged AML Anti-Money Laundering Cole Memo marijuana banking marijuana legalization marijuana related business marijuana SAR suspicious activity report on by

The Tampa Bay Business Journal published an article titled “Financial crimes experts get in the weeds over marijuana banking services” by Margie Manning. DSA president, Alison Jimenez, was quoted several times about the challenges that financial institutions have dealing with state-legalized marijuana businesses.   The financial institutions often find themselves facing a Catch-22 situation, whether more »