Stratis Trains Egmont Member Financial Intelligence Unit (FIU)

Stratis Trains Egmont Member Financial Intelligence Unit (FIU)

Last week, Stratis managing partner Brian Stoeckert (and CAMS-certified instructor and faculty) jetted off to an international destination to provide anti-money laundering (AML) training to a Financial Intelligence Unit (FIU).  The FIU is a member of the Egmont Group of Financial Intelligence Units. Under Egmont, “countries should establish a financial intelligence unit (FIU) that serves as a… more

Former NHL Player Pleas Guilty to Cash Structuring: Hockey, Gambling, and AML!

According to the Rochester Democrat and Chronicle out of Rochester, NY and Puck Daddy on Yahoo.com, former Buffalo Sabres defenseman Nathan Paetsch faces eight months home detention and must pay the U.S. government $265,000 as punishment for his role in an illegal gambling operation that was shut down last summer.  Paetsch, 32, pleaded guilty on Monday morning to… more

Canadian Standing Senate Committee on Banking, Trade and Commerce Digital Currency Report Released, Stoeckert Served as Expert Witness

Earlier this week, the Canadian Standing Senate Committee on Banking, Trade and Commerce released its report on virtual currencies titled “Digital Currency:  You Can’t Flip This Coin!”  Stratis Advisory’s Brian Stoeckert had the pleasure to speak as a witness before the Committee when they traveled to New York in February 2015. In a nut shell, the Committee… more

Treasury Issues 2015 National Money Laundering Risk Assessment, Highlights Vulnerabilities and Risks of MSBs

On Friday, June 12, 2015 the U.S. Department of Treasury issued National Money Laundering Risk Assessment (NMLRA) and the National Terrorist Financing Risk Assessment (NTFRA).  According to Treasury, the purpose of these assessments is to help the public and private sectors understand the money laundering and terrorist financing methods used in the United States, the risks that these… more

What We Said: ACAMS 3rd Annual AML & Financial Crimes Conference Canada

On June 8, 2015, Stratis Advisory’s Brian Stoeckert participated on a virtual currency panel entitled “Retooling Compliance Programs to Address Virtual Currencies” at the ACAMS 3rd Annual AML& Financial Crimes Conference in Toronto, Canada. The panel tackled a number of issues regarding Canadian and U.S. AML regulation of virtual currency use, companies operating in the ecosystem, and predictions… more