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For many decades, foreign correspondents have been regarded as a highly prestigious press corps with the core proposition of bearing witness to events in remote places. However, the advent of the Internet and the new technologies has challenged this position. Citizens living where the events occur can make use of a wide range of digital technologies and inform the rest of the world, without the need for the journalist intermediaries who were essential in the past. In addition, the new economic pressures brought to legacy media by the digital technology have paved the way for the rise of a new type of foreign correspondent, the multiskilled staffer, who has to be technologically literate in order to fulfil his daily task. This study based on 51 interviews with foreign correspondents aims at investigating how the foreign correspondents perceive these trends in their daily working routines and if the digital technology has caused a deprofessionalization of the foreign correspondence or we are witnessing the emergence of a new professional discourse which embraces a new core of professional traits.

To describe and to discuss the implications of the US Department of the Treasury's PATRIOT Act regulations requiring “covered financial institutions” (including broker‐dealers, banks, and mutual funds) to maintain risk‐based procedures to ensure that: correspondent accounts held on behalf of specified non‐US financial institutions; and private banking accounts, are subject to due diligence procedures to ensure that those accounts, and the financial institutions holding those accounts, are not being used for money laundering purposes.

Summarizes and analyzes the adopted rules.

Since the passage of the USA PATRIOT Act, regulation relating to anti‐money laundering has been among the highest profile – and highest priority – activity of securities and financial institution regulation. Consequently, anti‐money laundering rules and regulations have become a major aspect of compliance programs at financial institutions such as banks and broker‐dealers. The rules that are the subject of this article are noteworthy in part because they continue the trend of widening the universe of “financial institutions” that are now subject to substantial anti‐money laundering regulation. The rules described in this article add substantially to the complexity of anti‐money laundering regulation at financial institutions for a number of reasons, including: firstly, placing new, broad‐based requirements on financial institutions; secondly, requiring those financial institutions to make judgments regarding both the level of risk posed by certain accounts and the appropriate diligence that may be necessary for each such account; and thirdly, interpretive and implementation challenges.

A summary and analysis of new anti‐money laundering regulation, which comes at a time when US regulators are placing substantial emphasis on anti‐money laundering.

To educate on AML legal requirements and issues relative to foreign correspondent accounts, and give practical advice on relatively low-burdensome measures firms can take to help them achieve compliance in this challenging area.

Summarizes AML requirements relevant to foreign correspondent accounts, discusses two related FINRA settlements involving the alleged failure to obtain and verify beneficial ownership information, reviews ongoing regulatory and legislative initiatives (including a FinCEN initiative to require firms to identify beneficial owners and verify their identities), and suggests certain due diligence procedures firms can use to screen foreign correspondent accounts.

One of the fundamental risks that firms face when dealing with foreign correspondent accounts is not knowing their customers' customers. While the current regulatory framework does not, in most cases, explicitly require firms to obtain beneficial ownership information, the practical reality seems to be that obtaining and verifying such information, where possible, could pay substantial dividends in terms of risk assessment and avoidance.

In some cases, a variety of cost-effective screening measures can be sufficient for a firm to identify concrete risks so that it may take steps to reduce its own regulatory exposure. Firms should not discount the simple for the elaborate, and should take advantage of the several, cost-effective AML tools and resources that are readily available.

Practical guidance for AML officers and other compliance and legal professionals by an experienced financial institutions lawyer.

To summarize three implementing rules issued over the past year under the USA Patriot Act by the US Treasury Department Financial Crimes Enforcement Network (“FinCEN”) and to make some basic recommendations designed to help firms improve their overall anti‐money laundering compliance efforts.

Summarizes three rules issued in the past year that are of particular significance to the securities industry: the final 312 rule for foreign correspondent and private banking accounts; the insurance company AML program and Suspicious Activity Reporting (“SAR”) rules; and the mutual fund SAR rule.

Makes the following recommendations for firms to improve their anti‐money laundering efforts: suspicious activity monitoring should fit your firm; information sharing may help fact gathering; anti‐money laundering programs should be applied across the firm; invest in training; and audit is an invaluable tool.

The Patriot Act, in a short amount of time, has had a major impact on the way securities firms and all financial institutions conduct business. Notwithstanding the achievements of the public and private sectors in implementing the USA Patriot Act, more can be done. While the USA Patriot Act provides significant tools to combat illicit activity, to be successful law enforcement and industry must continue to coordinate their efforts, and work hand‐in‐hand.

The purpose of this paper is to describe guidance (“the Guidance”) issued by the Financial Crimes Enforcement Network (“FinCEN”), the Federal Banking Regulators and the Securities and Exchange Commission on obtaining beneficial ownership information for certain accounts and customer relationships.

The paper summarizes the principal content of the Guidance, including the importance of customer due diligence (CDD) policies as the cornerstone of a Bank Secrecy Act/Anti‐Money‐Laundering program, the need for a CDD program to identify and verify the beneficial owners of an account, steps that should be included in CDD procedures to protect against heightened risks related to the beneficial owners of an account, enhanced due diligence that is appropriate for accounts that pose heightened risk, the suggestion in the Guidance to implement CDD policies and procedures on an enterprise‐wide basis, and requirements for private bank account and correspondent bank account due diligence programs.

The Guidance appears to expand certain concepts previously applied to banks by the Federal Banking Regulators to other financial institutions, including broker‐dealers, futures commission merchants, mutual funds, insurance companies, and money services businesses. It also appears to expand concepts set forth in Rule 312 of the PATRIOT Act beyond private banking and correspondent banking.

The paper provides expert guidance from experienced financial services lawyers.

The purpose of this article is to illuminate the role of multiple non‐governmental players in the practice of public diplomacy.

Public diplomacy has become a crowded and competitive field in the US in terms of who speaks for the country and who in fact has the most impact and influence on overseas public perceptions of it. Reviewing the history of public diplomacy as primarily the practice of government agencies leads on to the new reality of multiple non‐governmental players in the field today, including mainly media, business and NGO's. This new reality parallels the fact that America no longer has the field of public diplomacy largely to itself; many governments have their own public diplomacy activities with mixed influence and effect.

While governments initiated the official practice of public diplomacy during the cold war, there are a host of new unofficial players in the field today – in the US and other countries – with competing national and international interests.

This article highlights the particular role played by media, multinational corporations, and NGO's in public diplomacy today, in the context of the contemporary history of the field.

A subject that often causes trouble for reference librarians is federal income tax research and the use of tax services. This article describes the sources of federal income tax law, sources used to interpret the tax laws, and the services that pull all of this information together for the researcher.

To draw lessons learned from recent anti‐money laundering enforcement actions.

After providing a brief introduction to the AML regime, this article reviews the recent high‐profile enforcement actions. The article then examines what compliance lessons can be learned from these recent cases. Put differently, the article attempts to identify those measures that firms can take now to avoid being subject to headline‐grabbing enforcement actions in the future.

Lessons learned from key recent enforcement actions include the following: SAR filings matter and ensuring an adequate SAR regime means ensuring both systems and staffing are commensurate with an institution's activities; an AML program can only function well if it is calibrated properly to the risks that the institution's businesses face; business growth needs to be accompanied by AML compliance growth; as institutions expand globally, they need to consider how to apply their AML programs across geographies and to ensure that common best practices are being followed by all employees, wherever located; and financial institutions must ensure not only that they have written policies and procedures, but also that those procedures are followed in practice.

Draws the most important lessons learned from recent key anti‐money laundering enforcement actions.

News, as one of many forms of newspaper output, has long been synonymous with journalism. The “crisis of journalism” is primarily a crisis of the news as a cultural form. Drawing on Carey (2008), this chapter argues that news has lost its monopoly as a source of global experience and everyday drama, and, thus, has lost its commodity value. The decline of traditional forms of news is transforming journalism, and its democratic function as vehicle of public conversation, toward long-form, long-term, and affective narratives.