Brett Wolf

Brett Wolf, an award-winning journalist and expert on anti-money laundering and financial crime, delves into TD Bank's significant compliance failures that led to over $3 billion in fines. He discusses the decade-long investigation revealing systemic negligence in filing suspicious activity reports and the motivations behind plea agreements from key witnesses. The conversation touches on the consequences of these violations, including harsh remediation demands and how they will impact the bank’s future operations and compliance strategies.

Brett Wolf, a U.S. anti-money-laundering reporter, and Nick Kochan, a freelance financial crime journalist, discuss the escalating focus on bribery and corruption for 2024. They dive into the UK's Economic Crime and Corporate Transparency Act, a major reform tackling economic crime. The conversation highlights challenges for the Serious Fraud Office under new leadership and anticipates changes in the U.S. Treasury's anti-corruption strategy, marking corruption as a national security threat. Get insights into the shifting political landscape impacting corporate accountability.

Rachel Wolcott and Brett Wolf discuss the implementation of the US beneficial ownership register to prevent criminals using shell companies. They explore the Corporate Transparency Act, outreach plans of FinCEN, and concerns from small businesses. The challenges and changes in FinCEN's beneficial ownership reporting, including upcoming deadlines, are also discussed.