Miami Medicare Fraud Bust

Miami Medicare Fraud: 300 arrested nationwide in US DOJ takedown

Miami Medicare fraud made headline news again this week when at least 100 South Floridians were named among the 300 medical professionals suspected and arrested on various counts of Medicare fraud, nationwide. At least 65 of those 100 Floridians were in Miami—a city considered to be the “capital of healthcare corruption.” All of the individuals charged in…

Are Caribbean banks ready for new FINCEN customer due diligence requirements for financial institutions?

Caribbean banks address fears of severed ties with U.S. banks due to fines and higher costs in a new set U.S. compliance regulations issued by the U.S. Department of the Treasury Financial Crimes Enforcement Network. With the release of the Panama Papers, many investors, banks, financial institutions, and foreign countries are concerned that the traditional shell company may…

Are Banks Working Together Enough to Prevent Crimes?

LATIN AMERICAN FINANCIAL SERVICES ADVISOR, a publication of  Inter-American Dialogue, asks: Are Banks Working Together Enough to Prevent Crimes? Q: Financial messaging service provider SWIFT said in January that more than 2,000 financial institutions worldwide had signed up for its centralized Know Your Customer (KYC) registry, through which companies can share information required for KYC compliance.…