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

MODEVITY INVESTIGATIVE DUE DILIGENCE RESEARCH SERVICES CAN EXPOSE AND REDUCE SUPPLY CHAINS – COMPLIANCE RISK

Expose Supply Chain Security Risk MALVERN, Pa., September 20, 2020 — Modevity, LLC, is a leading Commercial Intelligence company established in 2004, specializing in Investigative Due Diligence research reporting services.  Modevity supports several market segments and organizational use cases including, Legal, M&A Portfolio Management, Supply Chain, Law Enforcement, Executive Due Diligence and KYC/AML. The coronavirus … Read more MODEVITY INVESTIGATIVE DUE DILIGENCE RESEARCH SERVICES CAN EXPOSE AND REDUCE SUPPLY CHAINS – COMPLIANCE RISK

OFAC SETTLES WITH AMAZON.COM, INC. WITH RESPECT TO POTENTIAL CIVIL LIABILITY FOR APPARENT VIOLATIONS OF MULTIPLE SANCTIONS PROGRAMS

OFAC Settles with Amazon.com, Inc. with Respect to Potential Civil Liability for Apparent Violations of Multiple Sanctions Programs Enforcement Release: July 8, 2020 Amazon.com, Inc. (“Amazon”), a Seattle, Washington-based company that provides retail, ecommerce, and digital services to millions of customers worldwide, has agreed to pay $134,523 to settle its potential civil liability for apparent … Read more OFAC SETTLES WITH AMAZON.COM, INC. WITH RESPECT TO POTENTIAL CIVIL LIABILITY FOR APPARENT VIOLATIONS OF MULTIPLE SANCTIONS PROGRAMS

COVID-19 IS RAISING FINANCIAL INSTITUTIONS AML COMPLIANCE RISKS EVEN HIGHER

AML/CFT Compliance Risks Highlighted 2020 The Department of the Treasury, the Financial Crimes Enforcement Network (FinCEN), and federal and state financial regulators filled the first four months of 2020 with a series of actions that should put financial institutions and their compliance officers on notice that scrutiny of AML/CFT compliance is increasing in key areas. … Read more COVID-19 IS RAISING FINANCIAL INSTITUTIONS AML COMPLIANCE RISKS EVEN HIGHER

MODEVITY EXPANDS OUR INVESTIGATIVE DUE DILIGENCE RESEARCH SUPPORT TO NEW CLIENT LAW FIRMS

MALVERN, Pa., August 13, 2020 — Modevity, LLC, is a leading Commercial Intelligence company established in 2004 and provides Investigative Due Diligence research reporting services. Modevity continues to expand our Investigative Due Diligence Research case support to Law Firms.  This quarter we have closed Five new Law Firm clients to support their varied criminal, business, and … Read more MODEVITY EXPANDS OUR INVESTIGATIVE DUE DILIGENCE RESEARCH SUPPORT TO NEW CLIENT LAW FIRMS

FINANCIAL CRIMES ENFORCEMENT NETWORK ALERTS FINANCIAL INSTITUTIONS TO CONVERTIBLE VIRTUAL CURRENCY SCAM INVOLVING TWITTER

Financial Crimes Enforcement Network Alerts Financial Institutions to Convertible Virtual Currency Scam Involving Twitter Immediate Release July 16, 2020 The Financial Crimes Enforcement Network (FinCEN) is emphasizing a high-profile scam exploiting Twitter accounts to solicit fraudulent payments denominated in convertible virtual currency (CVC). Cyber threat actors compromised the accounts of public figures, organizations, and financial institutions … Read more FINANCIAL CRIMES ENFORCEMENT NETWORK ALERTS FINANCIAL INSTITUTIONS TO CONVERTIBLE VIRTUAL CURRENCY SCAM INVOLVING TWITTER

ADVISORY ON CYBERCRIME AND CYBER-ENABLED CRIME EXPLOITING THE CORONAVIRUS DISEASE 2019 (COVID-19) PANDEMIC

The Financial Crimes Enforcement Network (FinCEN) is issuing this advisory to alert financial institutions to potential indicators of cybercrime and cyber-enabled crime observed during the COVID-19 pandemic. Many illicit actors are engaged in fraudulent schemes that exploit vulnerabilities created by the pandemic. This advisory contains descriptions of COVID-19-related malicious cyber activity and scams, associated financial … Read more ADVISORY ON CYBERCRIME AND CYBER-ENABLED CRIME EXPLOITING THE CORONAVIRUS DISEASE 2019 (COVID-19) PANDEMIC

OUTSOURCING SUPPLY CHAINS – COMPLIANCE RISK & NATIONAL SECURITY

Fundamentally, the terms “outsourcing” and “supply chain” are used interchangeably and refer to when an organization is dependent on a third party for providing products and services. However, there are many examples of internal sourcing (or “insourcing”), where supply chains consist of entities and processes under the direct internal control of an organization such as … Read more OUTSOURCING SUPPLY CHAINS – COMPLIANCE RISK & NATIONAL SECURITY

REPORT: OVER 60 COUNTRIES VIOLATED SANCTIONS WITH NORTH KOREA LAST YEAR

There are an estimated sixty-two countries that violated United Nations Security Council sanctions against North Korea over a one-year period, according to a report from a Washington, D.C.- based think tank The Institute for Science and International Security report, recently released, cites over 250 alleged violations from February 2019 to February 2020 based on data compiled by the United … Read more REPORT: OVER 60 COUNTRIES VIOLATED SANCTIONS WITH NORTH KOREA LAST YEAR

LAW ENFORCEMENT NEW BUDGET CONSTRAINTS – NEED TO EXPAND OUTSOURCING SUPPORT SERVICES LIKE INVESTIGATIVE DUE DILIGENCE

As the coronavirus pandemic negatively impacts the economy and tax revenues drop across the U.S., many have begun to prepare for the hard times ahead by proposing slashed budgets and reduced public services at a time when so many of their residents need them more than ever. But the austerity programs will not be rolled out … Read more LAW ENFORCEMENT NEW BUDGET CONSTRAINTS – NEED TO EXPAND OUTSOURCING SUPPORT SERVICES LIKE INVESTIGATIVE DUE DILIGENCE

BANKS & FINANCIAL INSTITUTIONS FACE ESCALATING COMPLIANCE RISKS IN THE PANDEMIC

It’s not surprising that our current coronavirus pandemic has compelled some financial institutions to reduce staff, furlough or reassign staff at a time when applications for government relief programs are flooding in, increasing banks’ compliance risks, the Office of the Comptroller of the Currency (OCC) recently stated. On Monday the OCC, which supervises and regulates … Read more BANKS & FINANCIAL INSTITUTIONS FACE ESCALATING COMPLIANCE RISKS IN THE PANDEMIC

ACCLERATING CRIMINAL INVESTIGATIONS WITH BIG DATA & INVESTIGATIVE DUE DILIGENCE RESEARCH SUPPORT

Today now more than ever, Law Enforcement agencies are tasked with the immense duty of keeping our communities safe.  As the type of threats communities face become more complex, law enforcement personnel need solutions that enable them to keep on top of safety threats and investigations.  New investigative data research analysis, new technology, and data … Read more ACCLERATING CRIMINAL INVESTIGATIONS WITH BIG DATA & INVESTIGATIVE DUE DILIGENCE RESEARCH SUPPORT