FINCEN ANNOUNCES $390,000,000 ENFORCEMENT ACTION AGAINST CAPITAL ONE, NATIONAL ASSOCIATION FOR VIOLATIONS OF THE BANK SECRECY ACT

Immediate Release January 15, 2021 WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) today announced that Capital One, National Association (Capital One) has been assessed a $390,000,000 civil money penalty for engaging in both willful and negligent violations of the Bank Secrecy Act (BSA) and its implementing regulations. Specifically, FinCEN determined and Capital One admitted to willfully failing to … Read more FINCEN ANNOUNCES $390,000,000 ENFORCEMENT ACTION AGAINST CAPITAL ONE, NATIONAL ASSOCIATION FOR VIOLATIONS OF THE BANK SECRECY ACT

MODEVITY SIGNS ON WITH THOMSON-REUTERS TO BROADEN VENDOR RISK MANAGEMENT SERVICES

With CLEAR’s third-party risk management software, the Modevity team can help our clients mitigate their corporate and reputational risk through billions of data points and a scalable consistent process and powerful reports. West Chester, PA USA – Tuesday, January 5, 2021 Modevity, LLC, a leading Commercial Intelligence company established in 2004 specializing in Investigative Due Diligence Research Services, announced … Read more MODEVITY SIGNS ON WITH THOMSON-REUTERS TO BROADEN VENDOR RISK MANAGEMENT SERVICES

MODEVITY ANNOUNCES OUR GENERAL SERVICES ADMINISTRATION – GSA MULTIPLE AWARD SCHEDULE (MAS) CONTRACT

Modevity, LLC, a leading Commercial Intelligence company established in 2004 specializing in Investigative Due Diligence Research Services, announced today that the company received approval by General Services Administration for GSA Multiple Award Schedule (MAS) MAS Contract. Modevity professional Investigative Due Diligence services under the GSA Multiple Award Schedule (MAS) MAS Contract is for NAICS Code 561611 … Read more MODEVITY ANNOUNCES OUR GENERAL SERVICES ADMINISTRATION – GSA MULTIPLE AWARD SCHEDULE (MAS) CONTRACT

HOW WELL DO YOU KNOW YOUR SUPPLIERS AND CHANNEL PARTNERS?

By: Tom J. Canova, Co-Founder, CMO, Modevity  In Today’s complex business ecosystem, companies rely more and more on third-party supplier relationships and a growing supply chain to meet organizational objectives. It is vital for any company to manage these relationships and apply due diligence to onboard new vendors and apply third-party risk analysis and continuous … Read more HOW WELL DO YOU KNOW YOUR SUPPLIERS AND CHANNEL PARTNERS?

US SANCTIONS COMPANIES BACKING ASSAD OF SYRIA, AS CAESAR ACT DESIGNATIONS CONTINUE

Companies based in Syria and Lebanon have crated joint ventures with the Assad government to build oil refineries. This past week the US Government imposed sanctions on firms seeking to revive the Syrian oil sector, as part of its ongoing effort to prevent the country’s government from benefiting from new and restarted reconstruction projects. The … Read more US SANCTIONS COMPANIES BACKING ASSAD OF SYRIA, AS CAESAR ACT DESIGNATIONS CONTINUE

OPEN SOURCE INTELLIGENCE IS CRITICAL TO INVESTIGATIVE RESEARCH & ANALYSIS

There continues to be accelerated expansion of new AI enabled data platforms and long-standing data providers, as well as new Open Source investigative tools, they are becoming a vital resource to critical investigations and intelligence operational strategies. Traditional intelligence sources include Human Intelligence (HUMINT) and Signals Intelligence (SIGINT). HUMINT and SIGINT have dominated the intelligence … Read more OPEN SOURCE INTELLIGENCE IS CRITICAL TO INVESTIGATIVE RESEARCH & ANALYSIS

U.S. BANKS TRAVERSE UNEVEN REGULATIONS TO SERVE CANNABIS BUSINESSES

It is interesting to now see that many financial institutions are looking to offer banking services to the expanding number of legal cannabis growers and distributors in the U.S. even though the young industry continues to be limited by inconsistent regulations and expensive compliance requirements. The inconsistencies between federal and state laws governing the use … Read more U.S. BANKS TRAVERSE UNEVEN REGULATIONS TO SERVE CANNABIS BUSINESSES

GLOBAL BANKS DEFY U.S. CRACKDOWNS ON AML INITIATIVES

The FinCEN Files show trillions in tainted dollars flow freely through major banks, swamping a broken enforcement system. ICIJ International Consortium of Investigative Journalists has published an insightful article on the continued concerns about Global Banks to have defied money laundering crackdowns by moving excessive amounts of illicit cash for questionable characters and criminal networks that … Read more GLOBAL BANKS DEFY U.S. CRACKDOWNS ON AML INITIATIVES

MODEVITY INVESTIGATIVE DUE DILIGENCE – ‘KNOW YOUR DONOR’ MAJOR DONORS

by Tom J. Canova, Co-Founder, CMO Modevity University development fundraising programs are in facing a public relations crisis.  Over the last couple of years there have been major examples of PR disruptions that are far reaching – from Sackler family, Epstein, and highly questionable money from Saudi Arabia and China entities. While contributions from these … Read more MODEVITY INVESTIGATIVE DUE DILIGENCE – ‘KNOW YOUR DONOR’ MAJOR DONORS

RANSOMWARE ATTACKS GROWING IN NUMBER, SEVERITY: WHY EXPERTS BELIEVE IT WILL GET WORSE

Law enforcement and federal experts discuss recent ransomware trends and challenges of fighting the attacks Industry security experts are extremely concerned that Ransomware has become the most persistent and severe threat to digital networks.   It is interesting to note that 41% of all cybersecurity insurance claims are for ransomware attacks, it’s no surprise that ransomware is always … Read more RANSOMWARE ATTACKS GROWING IN NUMBER, SEVERITY: WHY EXPERTS BELIEVE IT WILL GET WORSE

FINCEN SEEKS COMMENTS ON ENHANCING THE EFFECTIVENESS OF ANTI-MONEY LAUNDERING PROGRAMS

Immediate Release September 16, 2020 WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) today issued an Advance Notice of Proposed Rulemaking (ANPRM) to solicit public comment on a wide range of questions pertaining to potential regulatory amendments under the Bank Secrecy Act (BSA).  The proposals under consideration are intended to provide financial institutions greater flexibility in the allocation of … Read more FINCEN SEEKS COMMENTS ON ENHANCING THE EFFECTIVENESS OF ANTI-MONEY LAUNDERING PROGRAMS

MODEVITY IMPLEMENTS NEW AI DATABASE TECHNOLOGY SOLUTIONS TO SUPPORT INVESTIGATIVE DUE DILIGENCE RESEARCH SERVICES

MALVERN, Pa., August 4, 2020 — Modevity, LLC, is a leading Commercial Intelligence company established in 2004 that provides Investigative Due Diligence research reporting services.  Modevity provides these services to support several market segments and organizational use cases including, Legal, M&A Portfolio Management, Law Enforcement, Supply Chain, Executive Due Diligence and KYC. At Modevity, we recognize … Read more MODEVITY IMPLEMENTS NEW AI DATABASE TECHNOLOGY SOLUTIONS TO SUPPORT INVESTIGATIVE DUE DILIGENCE RESEARCH SERVICES