Neil Goldstein@ Chesapeake Compliance Consultants

Neil Goldstein is a Certified Anti-Money Laundering Specialist (CAMS) who is the founder of Chesapeake Compliance Consultants, LLC. A prior owner of financial service centers offering check cashing and other related services, Neil has been providing compliance services to MSBs since 2009. Contact Neil @ or call or him at 443-857-9112.

The Latest State to Implement Money Transmitter Licensing Laws and Regulations

Friday, August 3, 2018 South Carolina’s money transmitter licensing law, the South Carolina Anti-Money Laundering Act, and its implementing regulations (collectively, the “Act”) became effective on May 25th 2018 becoming the latest state to implement such legislation. This means that the newly established Money Services Division (the “Division”) within the […]

Read More

New FinCEN Statement Says Many Token Sellers Will Be Considered Money Services Business

ICO issuers commonly screen purchasers in initial token or “coin” offerings (ICOs) for anti-money laundering (AML) and “Know-Your-Customer” (KYC) purposes using online vendors. But there has been uncertainty as to whether, and under what conditions, an ICO issuer would need to go as far as registering as a money service […]

Read More

My law degree wasn’t meant for money laundering. But boy, it would make it easy.

Editorial Piece Printed in the Washington Post – By Amol Mehra March 29 Amol Mehra is executive director of the International Corporate Accountability Roundtable. I didn’t pursue a law degree to learn how to launder money for human traffickers, opioid kingpins or corrupt public officials. But my legal training has […]

Read More

The Morning Risk Report: Watchdog Examines De-Risking Concerns on U.S. Border

By Samuel Rubenfeld Feb 28, 2018 7:16 am ET A congressional watchdog found banks closing accounts or branches along the southwestern U.S. border at high rates due to elevated money-laundering risks, and said regulators haven’t fully assessed the factors causing financial institutions to make those decisions. The Southwest border region […]

Read More

History and Enforcement of Anti-Money Laundering Laws in the U.S.

By Anne Eberhardt | January 8, 2018 Recent headlines have been teeming with money laundering stories, as journalists and hackers reveal ever more sophisticated money laundering schemes, and law enforcement officials issue high-profile arrest warrants and criminal indictments. Meanwhile, over the past half century, the definition of a financial institution […]

Read More

U.S. Senate Panel Members Urging Change to ‘out of date’ Anti-laundering Policy

NEW YORK (Thomson Reuters Regulatory Intelligence) – The U.S. Congress should mandate the collection of information about the true owners of corporations, law enforcement should share more information with banks to help spot criminals and artificial intelligence should be considered as a means to lower bank anti-laundering costs, members of […]

Read More

What’s the Treasury doing about bitcoin?

by Jose Pagliery A U.S. senator is asking the Treasury Department to explain its efforts to ensure that bitcoin is not being used by criminals and terrorists to evade bank regulations. Senator Ron Wyden sent his questions in a letter to the Treasury Department’s Financial Crimes Enforcement Network on Thursday. […]

Read More