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Casino CTR / SAR Filings & the Las Vegas Shooting Investigation


   Alison Jimenez    October 4, 2017 10:25 am
Multiple media outlets have reported that the gunman responsible for mass shooting in Las Vegas was the subject of over 200 Currency Transaction Reports (‘CTR’) and/or Suspicious Activity Reports (‘SAR’) filings.   Dynamic Securities Analytics, Inc. (‘DSA’) prepared the analysis below of 2017 Casino SAR filings for Clark County, Nevada. There were 8,028 SARs filed in more »

Anti-Money Laundering, Currency Transaction Reports, Data Analytcs, FinCEN, SARs, Suspicious Activity Reports

Are Title Insurance Companies Meeting Luxury Real Estate AML Requirements?


   Alison Jimenez    August 25, 2017 2:12 pm
FinCEN Targets Luxury Real Estate   FinCEN has issued a series of Geographic Targeting Orders (‘GTO’) regarding certain high dollar value real estate transactions. FinCEN explained that the GTO will “require U.S. title insurance companies to identify the natural persons behind shell companies used to pay all cash for high-end residential real estate” and file more »

Anti-Money Laundering, Data Analytcs, FinCEN, Form 8300, Money Laundering Enforcement, Regulatory Analytics, SARs, Suspicious Activity Reports

Alison Jimenez to Moderate Panel on the Dark Web & AML


   Alison Jimenez    August 22, 2017 9:18 am
Dynamic Securities Analytics president, Alison Jimenez, will moderate an ACAMS webinar September 6th titled “Dark Web: What is it, How to Leverage Information & Understand Risks.” Learning Objectives Analyzing how the Dark Web is used by criminals looking to buy, sell and exchange illegal goods and services Reviewing proactive approaches used to monitor potential cyber more »

Anti-Money Laundering, Data Analytcs, Presentations

DSA’s Ponzi Analytics in the News


   Alison Jimenez    August 15, 2017 5:34 pm
Dynamic Securities Analytics’ 2016 Ponzi Scheme analytics has been in the news recently. Matt Levine cited the analysis in his 8/10/17 Bloomberg MoneyStuff “Truth, Yachts and Accounting” article. Levine’s thoughts on DSA’s Ponzi sentencing analysis: Stealing a million dollars from poor retirees through outright intentional fraud is worse than losing $100 million at a public company more »

Anti-Money Laundering, Broker Dealers, Ponzi Scheme, securities fraud, Securities Violations

Would you spend 21 days in prison for $1 million dollars? 2016 Ponzi Scheme Analytics


   Alison Jimenez    August 9, 2017 11:05 am
Dynamic Securities Analytics, Inc. in partnership with Jordan Maglich of PonziTracker.com published interactive analytics of alleged Ponzi schemes revealed and Ponzi-related prison sentences for 2016. Key Take-Aways:   59 new alleged Ponzi schemes were revealed in 2016. This is down from 61 schemes uncovered in 2015 and 70 schemes in 2014. However, the $2.3 billion more »

Data Analytcs, Interactive Analytics, Ponzi Scheme, SEC, Securities Enforcement, securities fraud, Securities Litigation, Securities Regulation, Securities Violations

Alison Jimenez quoted on Sentencing Guideline Implications


   Alison Jimenez    May 18, 2017 12:01 pm
Alison Jimenez, President of Dynamic Securities Analytics, Inc., was quoted in a May 16, 2017 moneylaundering.com article titled “New Sentencing Guidelines Signal Consequences for Banking Marijuana Firms” by Valentina Pasquali. The article focused on Attorney General Sessions Department Charging and Sentencing Policy issued on May 10th which Pasquali notes “directs federal prosecutors to pursue criminal more »

Anti-Money Laundering, FinCEN, Marijuana SARs, Money Laundering Enforcement, SARs, Suspicious Activity Reports

Alison Jimenez to Present at #FinTech2017


   Alison Jimenez    April 26, 2017 9:42 am
Alison Jimenez will be a featured speaker at the Digital Finance Institute’s #FinTech2017 conference in Vancouver, Canada on May 3rd, 2017. Ms. Jimenez will be presenting on AML, FinTech and the legalized marijuana industry. Alison’s analysis of Suspicious Activity Reports involving marijuana related business has been cited by the Wall Street Journal, Huffington Post and more »

Anti-Money Laundering, Marijuana SARs, Money Laundering Enforcement, Regulatory Analytics, SARs

Silicon Valley & Social Media at Center of Pyramid Scheme Surge


   Alison Jimenez    March 29, 2017 3:37 pm
Pyramid Scheme SAR Filings Spike   Dynamic Securities Analytics (“DSA’) has identified a trend in pyramid schemers utilizing social media platforms to execute their fraud. DSA analyzed FinCEN SAR Stat data and found a 340% increase in pyramid scheme Suspicious Activity Report (‘SAR’) filings by Money Services Businesses (‘MSB’) in monthly filing rates in 2017 more »

Anti-Money Laundering, FinCEN, Money Laundering Enforcement, Ponzi Scheme, Regulatory Analytics, SARs, Suspicious Activity Reports

Alison Jimenez to Speak at ACAMS Spring Anti-Money Laundering Conference


   Alison Jimenez    March 28, 2017 3:52 pm
Alison Jimenez will be a panelist on the ACAMS International AML & Financial Crimes Conference panel, “The Algorithm is Your Friend: Creating and Using Them to Strengthen AML” in Hollywood, FL., April 3-5, 2017.   Ms. Jimenez is the author of “Unmasking Bias in Anti-Money Laundering Algorithms” which was published in the Fall 2017 Issue of ACAMS Today. She served as more »

Uncategorized

2017 Securities Regulator AML Exam Priorities vs. SAR-SF Filings


   Alison Jimenez    January 31, 2017 10:30 am
Dynamic Securities Analytics, Inc. (“DSA”) reviewed the SEC’s and FINRA‘s 2017 exam priorities letters to identify AML areas of focus. There are a few areas where the two regulators’ priorities overlap: suspicious activity monitoring, cyber security and elder financial exploitation. The focus on elder abuse is a new area for the SEC this year whereas more »

Anti-Money Laundering, Broker Dealers, Broker/Dealers, FINRA, Money Laundering Enforcement, Regulatory Analytics, SARs, SEC, Securities Enforcement

2016 SAR Insights: Suitcases of Cash No Longer the Front-Runner in Public Corruption.


   Alison Jimenez    January 11, 2017 3:11 pm
Dynamic Securities Analytics, Inc (“DSA”) analyzed 2016 SAR filings reported in FinCEN’s SAR Stats database. DSA will be posting a series of articles on the analysis with today’s post covering financial instruments used in suspicious activity.   Visual Relationships The bubble chart below shows the relationships between Suspicious Activity Types, Products, Instrument (ie. payment mechanism) more »

Anti-Money Laundering, Currency Transaction Reports, FinCEN, Interactive Analytics, Money Laundering Enforcement, Regulatory Analytics, SARs, Suspicious Activity Reports

2016 Suspicious Activity Reports: Most Industries Increase Filings, Securities the Exception. Elder Abuse has Largest Increase in SARs.


   Alison Jimenez    January 10, 2017 1:16 pm
Dynamic Securities Analytics, Inc (“DSA”) analyzed 2016 SAR filings reported in FinCEN’s SAR Stats database. DSA will be posting a series of articles on the analysis with today’s post providing a general overview and key findings.   Key Findings Elder abuse saw the largest jump in SAR filings with an increase of 117% over 2015 more »

AML Audit, Anti-Money Laundering, Broker Dealers, Currency Transaction Reports, Data Analytcs, FinCEN, Interactive Analytics, Regulatory Analytics, SARs, Suspicious Activity Reports

How Were Finra Disputes Resolved in 2016?


   Alison Jimenez    December 20, 2016 2:49 pm

Broker Dealers, Broker/Dealers, Data Analytcs, Employment Analytics, Employment Arbitration, FINRA, Interactive Analytics, Regulatory Analytics, Securities Arbitration, Securities Litigation

Emerging Technology & Counter Threat Finance


   Alison Jimenez    October 28, 2016 9:06 am
DSA president, Alison Jimenez, presented on emerging technology and analytics at the 2016 US Special Operations Command Working Group on Counter Threat Finance.

Anti-Money Laundering, Data Analytcs

Unmasking Bias in AML Algorithms


   Alison Jimenez    September 20, 2016 2:59 pm
ACAMS Today published an article titled “Unmasking Bias in AML Algorithms” by DSA president, Alison Jimenez, in the Sept- Nov 2016 issue. As anti-money laundering (AML) departments increase their reliance on analytics and algorithms, the need to unmask potential bias in AML algorithms is a topic that can no longer be avoided.   The article more »

Anti-Money Laundering, Data Analytcs, FinCEN, Money Laundering Enforcement, Regulatory Analytics, SARs, Suspicious Activity Reports

AML Training: Part of the Problem or Part of the Solution?


   Alison Jimenez    September 8, 2016 10:26 am
Part of the Problem Anti-Money Laundering (“AML”) regulatory enforcement actions often cite poor AML training as contributing to the environment that allowed a violation to occur at a financial institution. Very often, the same enforcement action mandates more AML training. That makes me wonder why doing more of something that the financial institution was doing more »

Anti-Money Laundering, FinCEN, Money Laundering Enforcement, SARs, Suspicious Activity Reports

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


   Alison Jimenez    August 17, 2016 2:05 pm
  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 »

FinCEN, Money Laundering Enforcement, SARs, Suspicious Activity Reports

Alison Jimenez quoted in article on AML & Marijuana Banking


   Alison Jimenez    August 17, 2016 11:18 am
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 »

Anti-Money Laundering, FinCEN, Marijuana SARs, Money Laundering Enforcement, SARs

Alison Jimenez to Present on Social Media & AML at ACAMS Conference


   Alison Jimenez    August 11, 2016 10:11 am
  Alison Jimenez, president of Dynamic Securities Analytics, will present on the topic “Mitigating Risks and Reaping Rewards of Social Media in AML/CTF Regimes” at the 2016 Association of Certified Anti-Money Laundering Specialists conference in Las Vegas. Key Areas Covered Adapting onboarding processes that mitigate the unique payment platform, KYC and sanctions risks posed by more »

Anti-Money Laundering, Data Analytcs, Money Laundering Enforcement

Alison Jimenez to Present on AML Regulatory Enforcement


   Alison Jimenez    July 15, 2016 12:53 pm
  Alison Jimenez, president of Dynamic Securities Analytics, Inc. (DSA), will be a panelist for the July 19, 2016 Association of Certified Anti-Money Laundering Specialists (ACAMS) webinar “Achieving Compliance Efficiency Amid Heightened Regulatory Scrutiny.”  This is a one-hour complementary webinar offer by ACAMS. Learning Objectives Detailing increased scope and pace of enforcement actions to demonstrate more »

AML Audit, Anti-Money Laundering, Money Laundering Enforcement, Regulatory Analytics

Alison Jimenez to Present on Hedge Funds at Anti-Money Laundering Conference


   Alison Jimenez    April 11, 2016 3:29 pm
  DSA president, Alison Jimenez, will be speaking on a panel titled “Adopting Compliance Strategies for Banking Hedge Funds and other Alternative Investments” at the 22nd annual ACAMS AML & Financial Crimes conference.    

Anti-Money Laundering, Broker/Dealers, Money Laundering Enforcement, Ponzi Scheme

RegTelligence Featured in Tampa Bay Business Journal


   Alison Jimenez    April 2, 2016 1:03 pm
A Tampa Bay Business Journal article by Margie Manning featured RegTelligence– your comprehensive source for regulatory analytics. RegTelligence is a FinTech / RegTech application that pulls together and analyzes financial services regulatory enforcement actions. Over 300 different regulators are contained within RegTelligence.   The app can help answer several different kinds of questions, such as which regulators more »

Broker Dealers, Broker/Dealers, Data Analytcs, RegTelligence, Regulatory Analytics

Alison Jimenez Interviewed by MoneyLaundering.com


   Alison Jimenez    February 29, 2016 1:07 pm
Alison Jimenez, President of Dynamic Securities Analytics (“DSA”), was interviewed for an article titled “Securities Firms Offer Warm(er) Reception to Marijuana Industry, Says Former Examiner” by Larissa Bernardes of moneylaundering.com. The interview centered around securities firms’ interactions with state-legalized marijuana businesses. Below is a excerpt:   Which questions should broker-dealers be asking when they’re approached more »

Anti-Money Laundering, Broker Dealers, Broker/Dealers, FinCEN, Marijuana SARs, SARs, Suspicious Activity Reports

DSA Partners with PonziTracker for 2015 Ponzi Scheme Analytics


   Alison Jimenez    February 10, 2016 11:30 am
Once again, Dynamic Securities Analytics, Inc. partnered with PonziTracker to create interactive analytics of Ponzi schemes uncovered or sentenced in 2015. There were 61 alleged Ponzi Schemes uncovered in 2015 while sentences were handed down for 69 schemes. The total value of the uncovered schemes was over $800 million. Read the full analysis at www.ponzitracker.com. more »

Anti-Money Laundering, Broker Dealers, Broker/Dealers, Calculations, Data Analytcs, Interactive Analytics, Ponzi Scheme, Securities Enforcement, securities fraud, Securities Violations

Alison Jimenez to Present on Securities Fraud at ACFE Meeting


   Alison Jimenez    January 21, 2016 10:34 am
Dynamic Securities Analytics, Inc. president, Alison Jimenez, will speak at the February 9th, 2016 meeting of the Tampa chapter of the Association of Certified Fraud Examiners (“ACFE”). Ms. Jimenez will discuss Securities Fraud and provide case studies. The ACFE is the world’s largest anti-fraud organization and premier provider of anti-fraud training and education. Together with more more »

Broker Dealers, Broker/Dealers, Fraud Audit, Ponzi Scheme, securities fraud, Securities Litigation, Securities Violations

SEC vs. FINRA: 2016 AML Priorities


   Alison Jimenez    January 13, 2016 9:45 am
FINRA and the SEC recently released their respective 2016 exam & regulatory priorities. DSA reviewed the priorities for topics that directly or indirectly touch on AML issues. While there is overlap in the areas of cybersecurity, market manipulation and microcap securities, the two regulators diverge on other AML priorities. DSA prepared the comparison below:   more »

Anti-Money Laundering, Broker Dealers, Broker/Dealers, FINRA, Money Laundering Enforcement, SARs, SEC, Securities Regulation

Credit Union Journal Features DSA’s Op-Ed


   Alison Jimenez    December 31, 2015 9:34 am
The Credit Union Journal published a slideshow version of Alison Jimenez’ Op-Ed on Marijuana Banking Myths. See the full article here.   DSA’s analysis of marijuana-related Suspicious Activity Reports was also cited in “Shh! Here’s How Cannabis Companies are Banking on the Low Down” by Bruce Barnett.  

Anti-Money Laundering, FinCEN, Marijuana SARs, SARs, Suspicious Activity Reports

Op-Ed on Marijuana Banking Published in American Banker


   Alison Jimenez    December 24, 2015 12:02 pm
American Banker published an Op-Ed by DSA president Alison Jimenez, co-authored with Steven Kemmerling of MRB Monitor. The Op-Ed titled “Banks Weighing Pot Business Find Haze of Misinformation” explains and corrects five common myths regarding marijuana businesses and financial services.   Read the full article here.

Anti-Money Laundering, Marijuana SARs

American Banker Cites DSA’s Data on Marijuana Banking


   Alison Jimenez    December 20, 2015 12:07 pm
A recent American Banker article titled “Don’t Bet on Pot-Banking Fix in New Year” by Chris Cumming referenced DSA’s analysis of Suspicious Activity Reports regarding the marijuana industry.   See DSA’s marijuana SAR analysis here.

Uncategorized

Alison Jimenez Appointed to ACAMS Education Task Force


   Alison Jimenez    December 10, 2015 11:23 am
  Alison Jimenez, president of Dynamic Securities Analytics, Inc (“DSA”), was recently appointed to the Association of Certified Anti-Money Laundering Specialists (“ACAMS”) Education Task Force. ACAMS is the largest international organization, now at 30,000 members worldwide, dedicated to enhancing the knowledge and skills of AML and financial crime professionals from a wide range of industries with more »

Anti-Money Laundering

Wall Street Journal cites DSA’s Analysis of SARs


   Alison Jimenez    November 6, 2015 10:55 am
Dynamic Securities Analytics’ analysis of marijuana-related SARs was cited by the Wall Street Journal. The WSJ: Risk and Compliance Journal included DSA’s analysis in the latest edition of “Corruption Currents.” See DSA’s analysis of securities broker’s engaging with marijuana-related businesses here and how the latest SAR data has international implications here.

Anti-Money Laundering, Broker Dealers, Broker/Dealers, Data Analytcs, FinCEN, Marijuana SARs, SARs

Dynamic Securities Analytics cited in American Banker


   Alison Jimenez    November 4, 2015 12:26 pm
Dynamics Securities Analytics, Inc. was cited in a recent American Banker article titled “Legal Clash Exposes Contradictions in Fed’s Pot-Banking Rules” by Chris Cummings.   Read DSA’s blog post “New Marijuana Banking SAR Data has International Implications” to learn more about how financial institutions are engaging with marijuana-related businesses.

Anti-Money Laundering, FinCEN, Marijuana SARs, SARs, Suspicious Activity Reports

New Marijuana Banking SAR Data has International Implications


   Alison Jimenez    November 3, 2015 1:00 am
By Alison Jimenez, Dynamic Securities Analytics, Inc. and Steven Kemmerling, MRB Monitor   The quickly-growing state-legalized marijuana industry creates a number of unique compliance and AML/BSA challenges for Financial Institutions (“FIs”).^ MRB Monitor, which helps financial institutions mitigate risk related to the industry, has identified 8,000+  Marijuana Related Businesses (“MRBs”). As such, it may be naïve to more »

Anti-Money Laundering, FinCEN, Marijuana SARs, Regulatory Analytics, SARs, Suspicious Activity Reports

Securities Brokers have (Relatively) Open Arms to Marijuana Businesses


   Alison Jimenez    November 3, 2015 12:52 am
By Alison Jimenez, Dynamic Securities Analytics, Inc. and Steven Kemmerling, MRB Monitor Securities Brokers Engaging with Marijuana Businesses   Forty-one securities brokers filed Suspicious Activity Reports (“SARs”) regarding Marijuana Related Businesses from February 2014 through July 1, 2015.  The count includes securities firms that terminated marijuana accounts. Securities brokers accounted for 8% of the financial more »

Anti-Money Laundering, Broker Dealers, Broker/Dealers, FinCEN, Marijuana SARs, Regulatory Analytics, SARs

Alison Jimenez Quoted in Bloomberg Article on Broker Raiding Cases


   Alison Jimenez    September 16, 2015 11:07 am
  Dynamic Securities Analytics president, Alison Jimenez, was quoted in today’s Bloomberg article by Neil Weinberg on broker raiding cases. The article titled “Brokers’ Battle Over Memorial Day Raid Reveals Industry Strains” discusses a current Finra arbitration between Oppenheimer & Co. and Euro Pacific Capital. Ms. Jimenez commented on the number of raiding cases resolved more »

Broker Dealers, Broker/Dealers, Data Analytcs, Employment Analytics, Employment Arbitration, Investment Advisors, RegTelligence, Regulatory Analytics, Securities Arbitration, Securities Litigation

Bates Group Launches RegTelligence- The number one source for intelligence on financial industry regulator behavior


   Alison Jimenez    September 11, 2015 12:08 pm
Logo
RegTelligence™ is the first comprehensive database of all regulatory enforcement actions. PR Newswire LAKE OSWEGO, Ore., Sept. 9, 2015 LAKE OSWEGO, Ore., Sept. 9, 2015 /PRNewswire/ — Bates Group LLC, the nation’s leading provider of financial industry expertise, today announced RegTelligence™, a game-changing, unified source for SEC, FINRA, CFTC, and other federal agencies, state and foreign regulatory enforcement actions involving more »

Broker Dealers, Data Analytcs, Interactive Analytics, Investment Advisors, Regulatory Analytics, Securities Enforcement, Securities Litigation, Securities Regulation, Securities Violations

DSA’s Analysis of Suspicious Activity Reports cited in ACAMS Today


   Alison Jimenez    September 1, 2015 1:33 pm
The latest issue of ACAMS Today features an article by Steven Kemmerling and Brian Arrington titled “Conflict and Uncertainty: Due Diligence Challenges for Marijuana-Related Businesses.” The article cites DSA’s analysis of marijuana-related Suspicious Activity Reports (SARs). The full article can be read here.    

Anti-Money Laundering, Data Analytcs, FinCEN, SARs

Federal Marijuana Banking Bill Leaves Key Issues Unresolved


   Alison Jimenez    July 13, 2015 3:12 pm
The Marijuana Businesses Access to Banking Act of 2015 bill’s stated purpose is: to create protections for depository institutions that provide financial services to marijuana-related businesses, and for other purposes.  A press release by one of the co-sponsors, Senator Jeff Merkley (D-OR), points out the following: “Forcing businessmen and businesswomen who are operating legally under Oregon state law more »

Anti-Money Laundering, Broker/Dealers, FinCEN, FINRA, Money Laundering Enforcement, SARs

Why 35% of Broker-Dealers File Zero SARs.


   Alison Jimenez    June 24, 2015 3:34 pm
It’s Suspicious to Not be Suspicious   SEC Enforcement Chief Andrew Ceresney made headlines when he said:   I can say that the number of firms that filed zero SARs or one SAR per year was disturbingly large. Unfortunately, Chief Ceresney did not provide the number of broker-dealer firms that filed zero or 1 SAR more »

Anti-Money Laundering, Data Analytcs, FinCEN, Regulatory Analytics, SARs, Securities Enforcement

What does Bribery Look Like?


   Alison Jimenez    June 3, 2015 3:31 pm
Dynamic Securities Analytics, Inc. (“DSA”) analyzed Suspicious Activity Reports (SARs) filed with FinCEN from March 2012 through March 2015 that identified “Bribery/Gratuity” as the activity at issue. The analysis was undertaken to understand the characteristics of customer activity identified as potential bribery from a financial institution’s viewpoint.   Key Takeaways:   1,780 SARs were filed more »

Anti-Money Laundering, Data Analytcs, FinCEN, Interactive Analytics, Money Laundering Enforcement, Regulatory Analytics

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