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BNY Mellon Wealth Management Names Carolina Montiel as Regional Director, Team Leader, in Atlanta, GA

BNY Mellon Wealth Management Names Carolina Montiel as Regional Director, Team Leader, in Atlanta, GA News provided by Share this article Share this article ATLANTA, April 6, 2021 /PRNewswire/  BNY Mellon Wealth Management has appointed Carolina Montiel as Regional Director, Team Leader in Atlanta, GA. In this role, she will oversee implementation and client servicing of our custom-tailored investment and wealth management solutions in the region. Carolina will be based in Atlanta and report directly to Market President Michael Dawkins . Carolina Montiel, Regional Director, Team Leader, BNY Mellon Wealth Management Carolina brings nearly 30 years of investment experience in capital markets and wealth management to her role, including four years with BNY Mellon Wealth Management, having most recently served as Managing Director and Family Wealth Investment Advisor. Previously, she was employed as Head of Investment Strategy with EFG Capital International Corp where she creat

SEC s Division of Exams on AML Compliance | Dorsey & Whitney LLP

To embed, copy and paste the code into your website or blog: Money laundering compliance is a critical area for banks, broker-dealers and others in the financial world.  The importance of this area was recently highlighted by the passage of the Corporate Transparency Act or CTA to bolster the requirements.  Indeed, Kenneth Blanco, the Director of the Financial Crimes Enforcement Network or FinCEN recently hailed the Act as a “landmark piece of legislation that will bolster the Untied States’ national security and help better protect the communities and people of this great country.”  Kenneth A. Blanco, Remarks at Florida International Bankers Association AML Compliance Conference (March 22, 2021).  FinCEN is preparing to write new regulations to implement the new legislation.

Treasury under Yellen to prioritize climate change, sanctions, AML reform

By Aaron Nicodemus2021-01-26T21:26:00+00:00 Five out of five Janet Yellen, former chair of the Federal Reserve, takes over as leader of a Treasury Department with a lot on its plate. She’ll be expected to implement policies that help shore up a battered economy, sell President Joe Biden’s $1.9 trillion COVID-19 stimulus package to Congress, refocus on the effects of climate change on the economy, unwind contradictory and overlapping sanctions imposed by the Trump administration, and revamp the Bank Secrecy Act’s (BSA) anti-money laundering (AML) program. Yellen’s Treasury Department faces increasingly complex questions on how to regulate cryptocurrency, as well as other digital banking innovations pushed by a robust financial technology (FinTech) sector.

Treasury Warns Banks of Covid-19 Vaccine Fraud

Treasury Warns Banks of Covid-19 Vaccine Fraud © carlo allegri/Reuters The Treasury Department alerted financial institutions to fraud related to Covid-19 vaccines, warning of ransomware attacks that target vaccine delivery operations and supply chains. The Treasury’s Financial Crimes Enforcement Network cautioned on Monday of an array of vaccine-related crimes, including the sale of unapproved, counterfeit or illegally marketed vaccines. In addition, fraudsters have offered to provide individuals with a vaccine sooner than provided under authorized distribution plans, FinCEN said. Cybercriminals, meanwhile, have targeted vaccine researchers with ransomware, the Treasury unit said. It warned financial institutions as well as their customers to be on the lookout for phishing schemes seeking to snare victims with misinformation about vaccines.

FIBA elects new officers and Board of Directors

FIBA elects new officers and Board of Directors USA - English Share this article Share this article MIAMI, Dec. 21, 2020 /PRNewswire/  The Florida International Bankers Association (FIBA) has announced its new slate of Officers and Board of Directors. The elected Chairperson for the 2021 – 2022 term is Michelle Fernandez, Managing SVP Head of Compliance of Bci Miami Branch accompanied by Vice-chairs: Andres Fernandez, Partner - Holland & Knight and Wayne Shah, SVP Global Financial Institutions - Wells Fargo; Vice-chair & Secretary: Dilian Schultz, Senior Vice President, Corporate Lending Team Lead - First Horizon; Chair-elect Jordi Torras, CFO - Banco Sabadell; Exec committee - Past Chair: Tony Bejarano, General Manager – BICSA, Treasurer: Ivan Garces, Senior Advisory Principal - Kaufman & Rossin and General Counsel: Kimberly Prior, Partner - Shutts & Bowen.

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