Member Steve Ganis was quoted in a FinOps Report article about how President Trump’s decision to classify drug cartels as foreign terrorist organizations (FTOs) has alerted anti-money laundering compliance executives at US financial institutions doing business in Latin America, particularly over AML compliance.

Steve says, "The FTO designation increases the legal peril to any person or entity that knowingly engages with the designated entity and puts a premium on due diligence."

Source

FinOps Report