Chaindots

A few weeks ago, we had the opportunity to attend #ACAMSAssembly Las Vegas, flying in from Florida, Barcelona, and Buenos Aires to be part of one of the most interesting compliance events of the year. One major highlight was attending the panel “Relationship Issues: Regulatory Update on Bank/Fintech/BaaS Partnerships”, featuring: • Craig Timm, Senior Director of AML at ACAMS • Andrea Donkor, SVP Regulatory & Customer Compliance at PayPal • Marc Fungard, Head of FinCrime at Stripe • Dana Lawrence, Sr. Director of Fintech Compliance at Pacific Western Bank • Jim Vivenzio, Senior Counsel at Perkins Coie We also dove deep into sessions like “When Things Get Complicated: EDD for High-Risk Clients and Complex Entity Structures” and “Best Bets: Compliance Priorities for Gaming Companies”—which we found highly relevant to today’s regulatory landscape. On the other hand, we caught up with happy clients like Pamela C. from United Texas Bank Dallas and connected with industry peers, including Ari Redbord from TRM Labs (shout-out to Ari for organizing that great run!). Huge thanks to Juan Pablo, Lucas, and Delfina for representing Chaindots so well—great teamwork! 🙌 Tons of great insights from the past few days, and we’re already looking forward to the next opportunity to connect with this incredible community! 🚀 #ACAMS #AML #FinancialCrime #RegTech

🚨 𝗧𝗵𝗲 𝗟𝗮𝗿𝗴𝗲𝘀𝘁 𝗣𝗲𝗻𝗮𝗹𝘁𝘆 𝗘𝘃𝗲𝗿 𝗔𝗴𝗮𝗶𝗻𝘀𝘁 𝗮 𝗨.𝗦. 𝗗𝗲𝗽𝗼𝘀𝗶𝘁𝗼𝗿𝘆 𝗜𝗻𝘀𝘁𝗶𝘁𝘂𝘁𝗶𝗼𝗻 𝗶𝗻 𝗨.𝗦. 𝗧𝗿𝗲𝗮𝘀𝘂𝗿𝘆 𝗮𝗻𝗱 𝗙𝗶𝗻𝗖𝗘𝗡 𝗵𝗶𝘀𝘁𝗼𝗿𝘆 🔍 𝗪𝗵𝗮𝘁 𝗛𝗮𝗽𝗽𝗲𝗻𝗲𝗱? Today, the Treasury’s Financial Crimes Enforcement Network (FinCEN) assessed a $1.3 billion penalty against #TDBank, for violations of the Bank Secrecy Act (BSA), and imposed a four-year independent monitoring to oversee TD Bank’s required remediation. 🏦 𝗣𝗿𝗼𝗯𝗹𝗲𝗺𝘀 𝗶𝗻 𝘁𝗵𝗲 𝗧𝗗 𝗕𝗮𝗻𝗸’𝘀 𝗔𝗠𝗟 𝗽𝗿𝗼𝗴𝗿𝗮𝗺: • Ineffective oversight by TD Bank’s BSA Officer, who failed to escalate issues and lacked adequate resources from the Board. • Inadequate internal controls, especially in transaction monitoring. • Insufficient staff training on AML typologies and risks tied to bank products. • Deficient risk-based customer due diligence, missing clear activity discrepancies. • Insufficient independent testing, failing to identify key gaps. 🔺🔺 𝗦𝘆𝘀𝘁𝗲𝗺𝗶𝗰 𝗗𝘂𝗲 𝗗𝗶𝗹𝗶𝗴𝗲𝗻𝗰𝗲 𝗙𝗮𝗶𝗹𝘂𝗿𝗲𝘀: • Inadequate customer due diligence (CDD) policies and procedures, as TD Bank failed to collect and analyze sufficient information at account opening to properly assess customer risk. • Failing to consistently gather or maintain enough information about the nature of customers’ businesses throughout the relationship, weakening its ability to manage risks. • Inadequate and poorly managed process for identifying and assessing high-risk customers, primarily due to insufficient staffing and failure to maintain the necessary software. 🛠 𝗔𝗴𝗿𝗲𝗲𝗺𝗲𝗻𝘁: TD Bank has agreed to engage an independent consultant, who, under the auspices of FinCEN’s monitor, would conduct a historical analysis of the bank’s transaction data to remediate the SAR filings missed. It has also been agreed that the monitor will oversee an independent end-to-end review of its AML Program. 💡 𝗞𝗲𝘆 𝗧𝗮𝗸𝗲𝗮𝘄𝗮𝘆: The review of BSA/AML-related data governance will help TD Bank identify and address the underlying causes of numerous gaps in its AML program. This is the first time that FinCEN is imposing accountability and data governance reviews. 👉 Want to know more? Contact Chaindots Team and learn more how we can help you build a solid and scalable AML Program: sales@chaindots.com #AML #Compliance #RiskManagement

Our Chaindots team is in Las Vegas for the ACAMS The Assembly Conference, and we couldn’t miss a stop at the iconic The Mob Museum, the National Museum of Organized Crime and Law Enforcement! If you’re wondering why it’s called that, here’s the scoop: 🔎 What is the MOB Museum? The MOB Museum, is a world-class interactive museum dedicated to the history of organized crime and the tireless efforts of law enforcement to combat it. 🕵♂️ Why is it called the MOB Museum? It’s all about the fascinating (and sometimes infamous!) stories of organized crime, or "the Mob," in the U.S. From mobsters like Al Capone to the undercover agents who brought them down, the museum gives you a front-row seat to one of the most intriguing periods in American history. 🏦 Why is it important? The museum shines a light on the complex relationship between crime and justice. It educates visitors on the real-life impact of organized crime and how law enforcement agencies—like the Federal Bureau of Investigation (FBI)—have developed tactics over the years to fight it. This is especially relevant for industries like banking and fintech, where compliance and risk management play critical roles, just like in our work at Chaindots! 💣 Fun Facts: - The museum is housed in a historic building that hosted actual mob trials! - There’s even a hidden speakeasy bar 🍸  in the basement—right out of the Prohibition era. - You can examine real evidence from the St. Valentine’s Day Massacre! We had an amazing time exploring the history of crime and compliance—stay tuned for more updates from ACAMS! Thanks Jacob C. Peter B. Ari Redbord and TRM Labs team for the invitation! #ACAMS2024 #Chaindots #RiskManagement #MobMuseum #AML #ComplianceTech #VegasConference

🚀 Our CEO & Founder, spoke with Sofía Quilici & Forbes Argentina on Chaindots growth, US landing, and funding 🚀 "We transformed into a solution that helps companies do more business, and do it safely. This pro-business approach, aimed at helping not only compliance teams but also business teams, attracted the interest of investors." ✨ 🔊 The article also features other important voices on the subject: Marta Cruz, Co-Founder and General Partner de NXTP Ventures Gabriela Macagni, Co-founder and Managing Partner de MatterScale Ventures Ezequiel Mesquita, Director General de emprendedores de Gobierno de la Ciudad de Buenos Aires Valentina Rossetti, Gerente de Programas de la Agencia Córdoba Innovar y Emprender Here's the link to read more:  https://lnkd.in/dwFs5cq3

At Chaindots we are experts at navigating risks with ease. "From Now On" sails smoothly with Chaindots at its side and we are reminded that navigating the seas of uncertainty requires vision and resilience. 🌊 Whether you're facing turbulent waves or calm horizons, our solutions help you steer with confidence, ensuring every decision is anchored in safety. ⚓ Sail toward a future where managing risk is just another wave to conquer, where challenges become opportunities. ⛵ #Chaindots #NavigatingRisk #SailingSmoothly #FromNowOn #RiskManagement

Exciting news! 🚀 The Chaindots team will be attending the upcoming The Assembly ACAMS from 🎉 Our Founder and CEO, Delfina Chain, along with Lucas Ensinck (Director Product & Operations) and Juan Pablo Cabrera (Sales Director) will be there to discuss how Chaindots is revolutionizing client risk management and due diligence automation for banks, fintechs, and financial institutions. Want to know more about how we can help streamline your risk and compliance processes? Book a meeting with us and let's chat about the future of due diligence! 🗓️ Looking forward to connecting with industry leaders and partners in Las Vegas! 🌟 #ACAMS2024 #Chaindots #DueDiligence #RiskManagement #Fintech #Banking #B2B

We had the honor of welcoming Connie🧠♥️ Ansaldi to our offices, who gave us an invaluable talk on Personal Branding. Connie left us with many reflections and tools to work on our own personal brand, highlighting the importance of being authentic and strategic in how we present ourselves to the world 🌍 . She also shared with us the exciting breakthroughs she is making with CUX and her input for emotional management. 💫 Thank you, Connie, for sharing your knowledge and energy with us. Let's continue to build impactful products together 🌎

[ES]  ¡Unite a Nuestro Webinar! 𝐍𝐮𝐞𝐯𝐨𝐬 𝐃𝐞𝐬𝐚𝐟í𝐨𝐬 𝐝𝐞 𝐥𝐚 𝐁𝐚𝐧𝐜𝐚 𝐃𝐢𝐠𝐢𝐭𝐚𝐥.  ¿Interesado en conocer las últimas tendencias y desafíos en la banca digital? Junto a ABAPPRA - Asociación de Bancos Públicos y Privados de la República Argentina, exploraremos cómo la industria de la banca está evolucionando para enfrentar los retos del futuro. 🗓  Fecha: 11 de septiembre de 2024 ⏱ Hora: 10:00 AM (Buenos Aires, Argentina) Temas que abordaremos: - Nuevas oportunidades de negocios y desafíos para ofrecer servicios de Banking as a Service. - Vinculación con nuevos tipos de clientes e industrias. - Cómo diseñar e implementar un sistema de gestión de riesgos efectivo. - Automatización de procesos, monitoreo continuo y procesos de debida diligencia. 🎙  Speakers: Delfina Chain, CEO & Founder de Chaindots Juan Pablo Cabrera, Sales Director de Chaindots ¡Regístrate ahora y se parte de la conversación sobre el futuro de la banca digital!     👉 Link de registro: https://lnkd.in/dBrhXhXJ ------------------------------------------------------------------------------- [EN] Join Our Webinar! 𝐍𝐞𝐰 𝐂𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞𝐬 𝐢𝐧 𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐁𝐚𝐧𝐤𝐢𝐧𝐠  Are you interested in learning about the latest trends and challenges in digital banking? Together with ABAPPRA - Asociación de Bancos Públicos y Privados de la República Argentina, we will explore how the industry is evolving to face the challenges of the future.   🗓 Date: September 11, 2024 ⏱ Time: 10:00 AM (Buenos Aires, Argentina) Topics we will cover: - New business opportunities and challenges in offering Banking as a Service. - Engaging with new types of clients and industries. - How to design and implement an effective risk management system. - Process automation, continuous monitoring, and due diligence processes. 🎙 Speakers: Delfina Chain, CEO & Founder of Chaindots Juan Pablo Cabrera, Sales Director of Chaindots 👉 Link to register: https://lnkd.in/dBrhXhXJ #baas #RiskManagement #Banking #Fintech #bankingasaservice #digitalbanking

🇺🇸 🇺🇸 Chaindots team is thrilled to participate this year in The Assembly ACAMS Conference at Vegas. Meet the Chaindots team and learn how we can help you onboard business clients, automate due diligence processes and comply with regulatory standards while boosting business growth. 🚀 Book a time slot with our team: https://lnkd.in/dSUnApen #theassembly #acams #meetchaindots #aml #compliance #duediligence #risk #ACAMS

Connecting the Dots #1🚀 Last week we celebrated the opening of our new offices🎉 A huge thank you to everyone who joined us. Your presence made the evening truly unforgettable. This space marks an exciting new step for us. We’re looking forward to continuing our work with our valued clients, partners, and industry colleagues ✨