Enhanced Due Diligence | The FCPA Blog

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Harry Cassin
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Richard L. Cassin
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Cody Worthington
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Julie DiMauro
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Thomas Fox
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Marc Alain Bohn
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Bill Waite
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Russell A. Stamets
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Richard Bistrong
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Eric Carlson
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Posts Tagged: Enhanced Due Diligence

At Large: The world can’t agree on who’s a PEP. That’s a good thing

Richard L. Cassin September 17, 2020

For compliance professionals and the programs they run, politically exposed persons are a big deal. PEPs trigger money laundering and corruption concerns and therefore attract enhanced due diligence. So, I always assumed PEPs are easy to identify.… Continue Reading

A framework for enhanced due diligence of Chinese medical suppliers during Covid-19 emergency

Jason Chang April 8, 2020

Millions of units of medical supplies and personal protective equipment (PPE) are flooding into the United States from China. Recently, a commercial aircraft delivered 80 tons of PPE and other medical supplies from Shanghai to New York, and there are now more than 20 flights scheduled to do the same.… Continue Reading

FinCEN updates AML/CFT counter-measures and enhanced due diligence list

Richard L. Cassin March 17, 2015

Roger Wilkins AO (Australia) FATF President 2014-2015The U.S. Treasury Department’s Financial Crimes Enforcement Network sets risk-based compliance obligations of U.S. financial institutions. FinCEN directs counter-measures against the countries with the highest risk and enhanced due diligence against others.… Continue Reading

Three steps to better compliance in 2015

Jeffrey M. Klink January 22, 2015

It’s the time of year for compliance planning and scheduling. Here are three steps to consider to assure that your organization is meeting its FCPA compliance obligations during 2015.

Step one: Review and update your risk plan.… Continue Reading

PEPs and EDD: Charlotte Hill on the FCA’s annual AML report

Julie DiMauro August 5, 2014

The UK’s Financial Conduct Authority issued its second anti-money laundering annual report in July, emphasizing obligation to prevent financial crime and enhance AML systems and controls in specific ways.

I spoke to Charlotte Hill, a partner in Covington Burling’s London office, and a former lawyer in the enforcement department of FCA’s predecessor, IMRO.… Continue Reading