Chicago-based scholar, commentator, and University instructor
Alexander Dill's main area of interest is financial regulation, the management of financial and regulatory risk, corporate governance, and the related public policy concerns. He has gained unique insights in these areas from his work within the fertile intersection of the academic and business worlds.
He drafted rules and advised issuers and investors in the SEC's Trading and Markets Division on broker-dealer and anti-manipulation regulation. At Moody's Investors Service, he helped design and implement a first-of-its-kind rating compliance system following the Enron and WorldCom accounting scandals. At Moody's, he also rated securitization bonds in several asset classes and headed the firm's global covenant quality service for high-yield bonds and leveraged loans.
The Transformative Role of “National AML Priorities” for Compliance in the AML Act of 2020
May 13, 2021
It would be the height of folly to claim that a single theme dominates the AML Act of 2020 (Act). The new law, enacted on January 1 of this year, is an extraordinarily wide-ranging and long overdue reform of the Bank Secrecy Act. It is a rare piece of bipartisan legislation advocated by a diverse…
At the eleventh hour, Chinese regulators on November 2 halted what was to be Ant Group’s record-setting $37 billion IPO – two days before it was to list on the Shanghai Stock Exchange. The offering was hugely oversubscribed, reflecting the intense investor interest. The IPO is still expected to go forward, but with a significantly…Continue reading
After lengthy negotiations in the 1MDB matter, the U.S. Justice Department on October 22 announced a settlement in which Goldman Sachs will pay the highest amount on record in a foreign bribery case. All in, Goldman will have paid over $5 billion to regulators globally, and $2.9 billion in the U.S. actions, including disgorgement of…Continue reading
Remedy will likely remain a one-off action The Federal Reserve’s limit on Wells Fargo’s balance sheet growth – now two and a half years and counting – has caused the bank to reconstitute its corporate governance structure and control functions in an earnest effort to meet the Fed’s conditions for removal. This unusual remedy has…Continue reading
Reflections by Tom Fox on my analysis of the impact of 9/11 and the Patriot Act on AML compliance
Alex was Tom Fox’s guest on his Looking Back at 9/11 Series. Tom, also known as the "Compliance Evangelist," asked Alex to join him on his podcast to talk about The Patriot Act’s impact on the AML compliance. In this video,Tom reflects on Alex's analysis of the Patriot Act.
An introduction to my new book, Anti-Money Laundering Regulation and Compliance: Key Problems and Practice Areas
The book is a comprehensive treatment of the Anti-Money Laundering/Combatting the Financing of Terrorism compliance programs, recordkeeping and reporting requirements, and the best practices under the Bank Secrecy Act and OFAC sanctions regulatory regimes. Please watch this 5-minute video introduction and overview of the book's features.
Topics discussed include my new book, Anti-Money Laundering, Regulation, and Compliance, the compliance challenges of the rating business model, and AI and machine learning compliance solutions.