I am still catching up on things that happened over the last couple of months, as I dig myself out of the hole created by (finally) completing a 39-day FINRA arbitration (SOC filed in 2014, hearing started in 2019). Truthfully,
Continue Reading Believe It Or Not: FINRA Wants To Be Your “Partner”
FINRA Reminds Firms to Prepare for New AML/CFT Priorities
We previously blogged about the Financial Crimes Enforcement Network’s (“FinCEN’s”) issuance on June 30 of the first government-wide list of priorities for anti-money laundering and countering the financing of terrorism (“AML/CFT”) (the “Priorities”), as required by the Anti-Money
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FinCEN Reports Spiraling SARs Relating to Ransomware
On October 15, 2021, the Financial Crimes Enforcement Network (“FinCEN”) issued a financial trend analysis on ransomware relating to Suspicious Activity Reports (“SARs”) filed in the first half of this year (“Analysis”). According to the Analysis, U.S. banks and financial
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A Sad Story Of Regulators Simultaneously Doing Too Much And Too Little
Not too long ago, a single, small BD experienced a bizarre combination of regulatory overzealousness and regulatory indifference, by the SEC and FINRA, respectively. These things, sadly, happen all the time, but what happened to this unfortunate firm presents an
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Episode 34. What is the role of the law firm owner as one of the seven essential parts of a law firm? Interview #1 of 4 with RJon Robins
Is law a business or is it a profession? Are law firms like other businesses? Are they different? How different?
RJon Robins is the CEO and Founder of How To Manage a Small Law Firm, the largest provider of
Continue Reading Episode 34. What is the role of the law firm owner as one of the seven essential parts of a law firm? Interview #1 of 4 with RJon Robins
ESG, AML Compliance and the Convergence of Social Concerns
Meaningful Overlap or Superficial Similarities?
On October 3, the release of the Pandora Papers flooded the global media, as millions of documents detailed incidents of wealthy and powerful people allegedly using so-called offshore accounts and other structures to shield wealth
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An Indian summer for LIBOR transition
Read time: 2 minutes 50 seconds
Over the summer, the Reserve Bank of India (RBI) issued a notice to banks and other RBI-regulated entities, emphasising the need to speed up the transition away from LIBOR. The RBI notice states that
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The ENABLERS Act Seeks to Impose BSA/AML Requirements on an Array of “Middlemen” Professionals
Lawmakers Targeted “Gatekeeper” Professions Following the Pandora Papers Leak
Motivated by revelations contained in the recently-released Pandora Papers, on October 6, 2021, four U.S. Representatives – Tom Malinowski (D-NJ), Maria Elvira Salazar (R-FL), Steve Cohen (D-TN), and Joe Wilson
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Episode 33. How can you test and deploy new technology inexpensively and securely at your small law firm? An interview with Christian Lang from Reynen Court
Small law firm owners may not be familiar with the terms “docker,” “container,” or “Kubernetes.” They may even be a bit fuzzy on the definition of “the cloud.” But most firms know that, along with significant opportunities, new technologies often
Continue Reading Episode 33. How can you test and deploy new technology inexpensively and securely at your small law firm? An interview with Christian Lang from Reynen Court
Gravity Legal – Now Available in the Reynen Court Solution Store
Vetting, deploying, and managing new technology takes a lot of time and can be expensive. More to the point, while much of today’s cloud computing technology uses some common technologies, the implementation can vary significantly even in the cloud. This
Continue Reading Gravity Legal – Now Available in the Reynen Court Solution Store