Tag Archives: Due Diligence

Dissecting Florida’s new SB 264 Law

September 15, 2023

By Alberto de la Portilla Recently, Florida’s Republican-led state legislature has been very active in pushing through laws that will reshape how financial institutions do business in the state of Florida. Most of the attention has centered around an anti-ESG (Environmental, Social & Governance) bill that compelled state-chartered banks to reevaluate who they choose to […]

Florida’s Anti-ESG Bill and Its Implications on the State’s banking Sector

July 28, 2023

Florida’s HB3, signed into law by Governor Ron DeSantis on May 2nd, has made a notable mark in the world of ESG, or Environmental, Social and Governance standards that many companies and investors consider in business decisions. Unlike other states that primarily focus on public fund investments, HB3’s reach extends beyond to include state-chartered depository […]

Navigating Regulatory Challenges in Financial Innovation: Addressing Security and Privacy Concerns for a Sustainable Future

June 21, 2023

The Fintech Revolution in Central America: Opportunities and Challenges

May 31, 2023

The world of finance is experiencing a transformative shift, thanks to the rise of financial technology, or fintech. Central America, in particular, is witnessing significant changes in the financial landscape as it embraces fintech innovation

4 risk management trends to help banks prepare for a U.S. correspondent banking relationship

May 4, 2023

Risk management is critical for foreign banks that want to establish a banking relationship in the United States (U.S.).

INSIGHT Newsletter, October 2021

October 20, 2021

Follow link to access PDF version of our latest newsletter. INSIGHT — Oct 2021

INSIGHT Newsletter, February 2021

March 16, 2021

Follow link to access PDF version of our latest newsletter INSIGHT, Edition 5 – Feb 2021. INSIGHT, Edition 5 – Feb 2021.3

INSIGHT Newsletter, February 2020

February 18, 2020

Follow link to access PDF version of our latest newsletter INSIGHT, Edition 4 – Feb 2020b

INSIGHT Newsletter, June 2019

June 25, 2019

Follow link to access PDF version of our latest newsletter INSIGHT – Edition 3 – JUNE 2019

INSIGHT Newsletter, April 2019

April 19, 2019

Follow link to access PDF version of our latest newsletter INSIGHT, Edition 2 – April 2019

INSIGHT Newsletter, March 2019

March 6, 2019

Follow link to access PDF version of our latest newsletter. INSIGHT, Edition 1 – March 2019

New York State’s Cybersecurity Regulations May Prove to be National Model

October 23, 2017

On August 21, 2017 Yu Pingan, a 36 year old Chinese national, was arrested at Los Angeles International Airport by federal agents. Yu was charged with providing hacking tools used to breach major U.S. corporations and was linked to the 2015 data breach of the U.S. Office of Personnel Management that saw the theft of […]

The Brave New World of Virtual Currency AML

October 3, 2017

Started in the mid-2000s, virtual currencies (“Vcurrency”) are becoming the alternative monetary instrument of choice in the illicit global financial system. Borderless, electronic, free from central banking authority, strict regulation or seizure; many observers including law enforcement claim that we are witnessing a “Wild West” in alternative currency. Until multilateral legislation is enacted to standardize […]

With SARs on the rise, financial institutions demand more information-sharing from regulators

August 30, 2017

In May 2013 FinCEN issued its final publication of the SAR Activity Review, a bi-annual report that provided information about the preparation, use and value of Suspicious Activity Reports (SARs) and other reports filed by financial institutions under FinCEN’s regulations. When FinCEN discontinued the publication, a wealth of insight and regulatory feedback on suspicious activity […]

The De-risking Dilemma: It’s time for private-sector solutions

March 28, 2017

“Every day for three years we have been talking about de-risking,” said the Governor of the Eastern Caribbean Central Bank during the annual FIBA AML Compliance Conference. In fact, the topic of de-risking was one of the leading items covered during the pre-conference private-public workshop and select panel discussions at this year’s conference. Even attendees […]

Integro Advisers to sponsor FIBA AML Compliance Conference next week

March 2, 2017

We are proud to sponsor FIBA’s annual AML Compliance Conference taking place next week on March 7th and 8th at the Intercontinental Hotel in downtown Miami. More than 1,400 attendees are expected representing over forty countries. Please reach out to us to set up a meeting beforehand or simply stop by our booth (#10) in […]

Potential regulatory changes aimed at Puerto Rico underscore stronger AML compliance

February 6, 2017

Puerto Rico’s position in the financial industry continues to gain traction despite the country’s economic woes. One of the factors driving this momentum is the island’s rapid growth in recent years as a viable international banking center for foreign persons who seek preferred depository and lending relationships outside their home countries. Puerto Rico began issuing […]

Integro Advisers to sponsor the Puerto Rico Bankers Association inaugural International Banking Entities Conference

September 28, 2016

We are proud to be sponsoring the Puerto Rico Bankers Association inaugural International Banking Entities Conference on Friday, September 30th, 2016. We look forward to sharing our thoughts on the conference on our LinkedIn and Twitter feeds.

Integro Advisers to sponsor the 2016 FIBA AML Compliance Conference in Miami

February 25, 2016

Integro Advisers is excited to be a Bronze sponsor of the upcoming 2016 FIBA AML Compliance Conference in Miami for the second consecutive year. We are proud to support this annual world class confluence of innovation and learning from the most global, diverse and connected network serving the AML Compliance industry today. We look forward […]

A Nuclear Compromise Raises Hopes but Uncertainty Lingers

July 8, 2015

After years of negotiations there is a possibility that by the end of this week the P5+1 could reach a comprehensive nuclear agreement with Iran.

Integro Advisers at the 2015 FIBA AML Conference in Miami

March 3, 2015

Integro Advisers is excited to be a Bronze sponsor of the upcoming 2015 FIBA AML Compliance Conference in Miami.

Welcome to the new Integro-Advisers.com

March 2, 2015

Welcome to the new Integro Advisers website. We are proud to offer our friends and clients a new platform to learn about our service offerings, and our experienced team.

SEC Probe Focuses on Alleged Employee Coercion

February 27, 2015

Yesterday’s Wall Street Journal featured a front page article in the Money & Investing section that reports that the Securities & Exchange Commission (“SEC”) is probing companies for alleged efforts to discourage potential whistleblowers from providing information to the government.

SEC’s Whistleblower Program: One Year Later

November 19, 2012

On November 15th, the Securities and Exchange Commission released their first full Annual Report (a 2011 report was also released covering August and September of 2011 only) on the Dodd-Frank Whistleblower Program. According to the SEC, in fiscal year 2012, 3,001 whistleblower TCRs (Tips, Complaints, and Referrals) were received, which accounts to over 8 per […]

Survey Highlights Lack of Good Diligence as a Concern for Operating in Emerging Markets

July 16, 2012

Recently, Global Intelligence Alliance conducted an online survey on emerging markets among business managers at 431 large and mid-sized companies around the world. Various industries were represented in the report, including telecommunication, professional & business services, financial services, and pharmaceuticals & healthcare. Among the respondents, those from Europe consisted 38% of the total, with North […]

Foreign Currency Restrictions and AML Compliance: Can they coexist?

May 10, 2012

While the U.S. government is seeking, through the enactment of the Foreign Account Tax Compliance Act (FATCA) to uncover US citizens intent on evading taxes, in Latin America sidestepping tax obligations has long been a common motive for the purpose of safeguarding wealth from criminal organizations, currency volatility, and political instability. In the case of […]

FCPA: Defense Wins

January 23, 2012

For the third time since December 1, 2011, an FCPA case brought by the US government against a defendant has been defeated by a Federal Court judge. The most recent dismissal occurred last week when a former manager of the Swiss engineering company ABB Ltd. accused of violating the FCPA on 12 counts (including one […]

The Age of the Whistleblower

September 16, 2011

On Friday, August 12, 2011, the Securities & Exchange Commission (SEC) launched a new Whistleblower Office and website under the authority of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank). The new law allows the SEC to pay rewards from 10% to 30% of monies recovered by the US government to whistleblowers – […]

The Era of Bank Secrecy is Over: What Now?

April 15, 2009

At the G20 summit in London recently, the leaders of the world’s largest economies declared that “the era of banking secrecy is over.” As the world moves towards greater transparency, will the U.S. gain in a future private banking environment that, once recovered, may actually resemble a level playing field? We solicited feedback from several […]