The FinCEN files news, which you've no doubt now heard about, involved a leak of 2,657 documents. This included just over 2,100 suspicious activity reports (SARs) filed to the Financial Crimes Enforcement Network or FinCEN, which is part of the US Treasury, between 1999 and 2017.
The files were leaked to Buzzfeed who then collaborated with the International Consortium of Investigative Journalists (ICIJ) to digest the documents.
On the 20 September, Buzzfeed and the ICIJ published the output of their investigation.
Unlike other prominent leaks in recent history, such as the Panama papers, this leak is unique – not only because of the sheer size but because this leak contained documents considered confidential under law – the 2,100 SARs.
Our FinCEN Files Podcast is hosted by PassFort's Luke Fairweather, with expert commentary and insight provided by Joshua Deeks, Compliance and Financial Crime expert.
Josh breaks down the essentials of the leak, providing a synopsis of what it is, what's involved, who is implicated and just why it's so significant from many different aspects.
About Joshua Deeks
Josh Deeks is an expert in Financial Crime, Compliance and Risk Management. In the past, he has built second line of defence teams for banks and taken them through to launch. Most recently Josh served as UK financial crime manager at N26, in charge of financial crime prevention for the UK market. After leaving N26, Josh established the Edmund Group, a specialist consultancy firm providing expert financial crime, compliance, and risk management consultancy to financial services firms.
About the Edmund Group
The Edmund Group was founded with the sole purpose of enriching the financial services marketplace for the betterment of customer experiences. They do this by collaborating with clients, all of whom are exceptional entrepreneurs or ambitious Fintechs to combine expertise with a passion for innovation.
They provide high-quality strategic advisory services rooted in a deep technical understanding of compliance, risk and financial crime disciplines honed with more than a decade of experience.
The mission is to deliver compliance consultancy at a fair price point that works for the individual needs of each client. They promise to always take ample time to get to know each and every client, whether they require an ad hoc 1 hour workshop or a 12 month retainer.
Get in touch
If you would like to discuss anything in this podcast or a KYC compliance solution, please get in touch, we would love to talk.