Company Events & News

 

February 2014

Transparency Advisors LLC will be exhibiting at the 2014 FIBA Anti Money Laundering Compliance Conference being held at the Intercontinental Hotel in Miami, FL on February 20-21.

  

September 2013

Transparency Advisors LLC will be attending and exhibiting at the 2013 FIBA Wealth Management Forum being held at the JW Marriott Marquis Hotel in Miami, FL on September 16-17.

November 2012

Transparency Advisors LLC sponsors AML conference in Bogota, Colombia. CEO attends and speaks on global AML issues.

 

Congreso Iberoamericano en Gestion de Riesgo de Lavado de Activos y Financiacion de Terrorismo

Bogota, Colombia Oct. 31-Nov. 2.

 

Organized by"

 

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Ministra de Justiica, Ruth Stella Correa resalto labor de UIAF

 

la IAF en el marco del Congreso Iberoamericano en Gestión del Riesgo de Lavado de ... organizado por el coUnsorcio internacional Skol & Serna en el Club del ... “Desde 1997, año en el que se creó la Unidad de Lavado de Activos, ... de lucha contra el lavado de activos también incluye estrategias de prevención, ...

 

https://www.uiaf.gov.co/?idcategoria=6810

 

 

Minería ilegal y contrabando serían declarados delitos fuente de ...

 

Nov 1, 2012 - Durante su intervención en el VI Congreso Iberoamericano en Gestión del Riesgo de Lavado de Activos y de ... La actividad de prevención y control al lavado en el sistema financiero ha ... El evento fue organizado por el Consorcio Skol-Serna-Ruiz, con el auspicio de la ... Fotos, videos o grabaciones.

 

El evento fue organizado por el Consorcio Skol-Serna-Ruiz, con el auspicio de la Oficina de las Naciones Unidas contra la Droga y el Delito y fundación FIBA y contó también con la participación de Michael Skol, Ex-Subsecretario adjunto del Departamento de Estado de los Estados Unidos, Adam J. Szubim, Director de la Oficina de control de activos extranjeros del Departamento del tesoro de los Estados Unidos y Bo Mathiasen, Representante de la Oficina de Naciones Unidas contra la Droga y el delito en Colombia, entre otros expertos.

 

 

www.radiosantafe.com/.../mineria-ilegal-y-contraband

 

Transparency Advisors LLC enters into strategic alliance with international consortium Skol & Serna Expands capabilities in Colombia & Latin America.

 

The alliance with Skol & Serna an international consortium specializing in risk management consulting and customized anti-money laundering programs in Latin America, strengthens our capabilities and the ability to provide our range of services in Colombia, the Andean region and the rest of Latin America with local and global needs.

 

The firm is headed up by Michael Skol and Carlos M. Serna Jaramillo.

 

Ambassador Skol, was U.S. Ambassador to Venezuela and had a distinguished career of over 30 years in the Foreign Service in Latin America and the Caribbean, Southeast Asia and Europe. He was Principal Deputy Assistant Secretary of State for Inter-American Affairs from 1993-1995. Expert in the world of politics and international trade practices, with special emphasis on Latin America. A pioneer in the field of anti-corruption and anti-money laundering services, and active advisor to governments, multinational institutions and private companies.

 

Carlos Serna is a lawyer specializing in commercial and financial law, expert on prevention of money laundering and terrorist financing, banking supervision and banking and finance law was primarily responsible for legal issues in some of the largest financial institutions in Colombia. He was Vice President, Legal, of the Banking Association of Colombia (ASOBANCARIA). Held positions of leadership and responsibility in the Financial Superintendence of Colombia. He was associate judge of the Administrative Court. Recognized consultant specializing in the development of diagnostics and design of risk management and anti-money laundering programs. He is also an instructor on issues related to the prevention of money laundering.

 

 

 

 

 

 

Compliance and Industry News

 

 

U.S Imposes record fine on BNP in sanctions warning to banks

 

Tue, Jul 1 2014

By Joseph Ax, Aruna Viswanatha and Maya Nikolaeva

NEW YORK/WASHINGTON/PARIS (Reuters) - French bank BNP Paribas BNPP.PA has pleaded guilty to two criminal charges and agreed to pay almost $9 billion to resolve accusations it violated U.S. sanctions against Sudan, Cuba and Iran, a severe punishment aimed at sending a clear message to other financial institutions around the world.

The guilty plea is the direct consequence of a broader U.S. Justice Department shift in strategy that is expected to try to snare more major banks for possible money laundering or sanctions violations.

In an unprecedented move, regulators banned BNP for a year from conducting certain U.S. dollar transactions, a critical part of the bank's global business, in addition to the fine which was a record for violating American sanctions.

"Through a series of egregious schemes to evade detection and with the knowledge of multiple senior executives, BNP employees concealed more than $190 billion in transactions between 2002 and 2012 for clients subject to U.S. sanctions including Sudan, Iran and Cuba," the New York State regulator said.

U.S. authorities said the severe penalties reflected BNP's drive to put profits first, even after U.S. officials warned the bank of its obligation to crack down on illegal activity.

Shares in BNP closed 3.6 percent higher on Tuesday.

The bank essentially functioned as the "central bank for the government of Sudan," concealed its tracks and failed to cooperate when first contacted by law enforcement, U.S. authorities said.

They also found BNP had evaded sanctions against entities in Iran and Cuba, in part by stripping information from wire transfers so they could pass through the U.S. system without raising red flags.

With its Sudanese clients, the bank admitted it set up elaborate payment structures that routed transactions through satellite banks to disguise their origin.

"BNPP banked on never being held to account for its criminal support of countries and entities engaged in acts of terrorism and other atrocities, but that is exactly what we did today," said Manhattan U.S. Attorney Preet Bharara, whose office helped to prosecute the case.

"We deeply regret the past misconduct that led to this settlement," BNP's Chief Executive Officer Jean-Laurent Bonnafe told analysts and investors on a conference call on Tuesday. He said the bank would implement a significant strengthening of its internal controls and processes.

 

 

Oppenheimer Fined by Finra Over Anti-Money Laundering Violations

 

Oppenheimer Holdings Inc. (OPY) will pay $1.4 million to settle a brokerage industry regulator’s claims that it had an inadequate anti-money laundering program and failed to detect and report suspicious penny stock transactions.

 

 

 

Click titles for full article:

 

U.S Imposes record fine on BNP in sanctions warning to banks

 

US Hits JPMorgan with $2B Penalty Over Madoff Scandal

 

RBS fined $100m for busting US sanctions in Iran and elsewhere

 

SEC Examiners to review how asset managers fend off cyber attacks

 

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