White Papers

The CSMB knowledge base features a series of white papers, which provide valuable insights on how to manage risk, best practices concerning the identification of ultimate beneficial ownership, insights on virtual currencies, and understanding new payment methods, among other topics. The most recent publications can be found below.

White Papers

Understanding the new payment methods, their risks, and opportunities

Understanding the new payment methods, their risks, and opportunities By Ana L. Pereira and Ana Maria H. de Alba As global competition increases, organizations are looking to introduce new payment products and services to the financial marketplace. Prepaid cards, e-payments, b2b, mobile banking, mobile payment services, virtual currencies, and Internet-based payment services are some examples. Most of

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Virtual Currencies – Understanding Bitcoins

Virtual Currencies – If you understand Bitcoins, you won’t fear them. By Richard Forsyth This paper is dedicated to Virtual Currencies—specifically Bitcoin. It is mainly focused on Bitcoin because of its recent growth, popularity and unique properties, and because of what its rise is going to mean for the financial system and banking; and also because it

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Anti-Money Laundering controls in Mergers & Acquisitions

Anti-Money Laundering controls in Mergers & Acquisitions By Ana L. Pereira and Ana Maria H. de Alba Caveat emptor… let the buyer beware. An integral element in today’s corporate transactions such as Mergers/ Acquisitions is due diligence that includes anti-corruption, anti-money laundering, sanctions, and criminal and regulatory risk. Its importance only increases as governments and international

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Professional Service Providers – Where is the Risk?

A key element of a strong AML/CFT compliance program is assessing and classifying customer risk in order to develop adequate controls based on identified risks; this is part of the risk-based approach to implementing said program. For regulated entities, Management is required to understand the relationship between the organization’s Customer Due Diligence procedures and its

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Virtual Currencies – specifically Bitcoin

Virtual Currencies If You Understand Them You Won’t Fear Them This paper is dedicated to Virtual Currencies–specifically Bitcoin. It is mainly focused on Bitcoin because of its recent growth, popularity and unique properties, and because of what its rise is going to mean for the financial system and banking; and also because it has become

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