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?

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

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