Matthew L Biben

April 15, 2021 | New York Law Journal

The new Anti-Money Laundering Act of 2020 established the most comprehensive set of reforms to American anti-money laundering law since the passage of the Patriot Act in 2001. The Act's reforms present significant implications for financial institutions and their compliance programs.

By Matthew L. Biben

9 minute read

September 26, 2019 | New York Law Journal

This set of six best-practices AML assessment recommendations will aid compliance officers, senior management, and boards of directors to set up their financial institutions for AML success and to ensure their institutions fulfill their Bank Secrecy Act obligations to help the government combat financial crime.

By Matthew L. Biben

11 minute read

November 15, 2018 | New York Law Journal

If you have been asked to join the board of directors of a financial institution, you should be asking yourself two questions: “What do I need to know in order to effectively oversee and hold management accountable for complying with AML laws and regulations?” and “What questions should I be asking management and the chief compliance officer (CCO) about the company's AML policies and U.S. sanctions programs?”

By Matthew L. Biben

9 minute read

March 27, 2018 | New York Law Journal

Matthew L. Biben provides specific suggestions to compliance officers, senior management teams and boards of directors for strengthening their financial institutions' AML compliance programs, and includes important upcoming AML compliance deadlines.

By Matthew L. Biben

10 minute read