CRA team members led a transactional lookback that reviewed four years of dollar-clearing activity performed by the U.S. branch of a global financial institution. The independent monitorship, which was conducted in coordination with Federal and New York State banking regulators, involved the review of more than 8 million international wires and uncovered more than $700 million in suspicious activity, including evidence of terrorist financing, violations of U.S. sanctions, and money laundering.
Identifying and mitigating the challenges associated with tariffs
CRA’s Niall Murphy considers how new US tariffs on imports may heighten the financial pressures for import-dependent companies, and how the added economic...