All Financial Crime articles – Page 15
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VideoDeFi Technologies will change banking forever - Decentralised Finance and New Frontiers for Blockchain
In the minds of many, blockchain technology – the use of encrypted blocks of data to create a shared ledger of activity – is synonymous with cryptocurrencies such as Bitcoin.
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VideoBlock… Change? Blockchain and the transformation of compliance
The financial services industry has spent the last decade warily eying Blockchain technology as a challenger to conventional ways of ‘doing money’ and as a potential risk to pre-existing regulatory norms.
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VideoUnlocking Crypto Crime – there is no such thing as Crypto currency crime. A presentation by Nick Furneaux
Regulators and financial crime compliance professionals have begun to grasp the concepts behind blockchain technology, cryptocurrencies and other virtual assets.
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VideoBrexit means…Will the UK and EU keep aligned on financial crime?
At the end of 2020, the transition period for the UK’s departure from the EU came to an end. Prior to Christmas, the UK and the EU had finalised a trade agreement that included clauses about both parties’ commitment to international financial crime standards.
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VideoReshaping the Future, Planning- Compliance Priorities in Uncertain Times
The recent public health crisis has focused compliance professionals’ attention on making financial crime frameworks responsive and resilient in the face of an uncertain operating environment.
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VideoA world in Crisis. How has COVID-19 transformed financial crime – and our response?
The COVID-19 pandemic has completely changed what we think of as ‘normal life’.
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NewsHungarian authorities dismantle €8million VAT ‘invoice mills’ fraud scheme
An organised criminal group that used “missing traders” to fraudulent claim €8.2million has been dismantled by the Hungarian National Tax and Customs Administration, Europol announced yesterday.
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NewsInternational Compliance Association announces new Global Practitioner Advisory Board
The International Compliance Association has announced the members of its new Global Practitioner Advisory Board.
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Q&AFinCrime Job Focus: Nina Kerkez, Director, Consulting, UK & Ireland, LexisNexis Risk Solutions
In our latest reader-submitted Q&A, Nina Kerkez talks about her pride in helping vulnerable people
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NewsErnst & Young drops appeal against $10.8m penalty to laundering whistleblower
Ernst & Young (EY) has dropped its appeal against the United Kingdom’s High Court awarding former partner and whistleblower Amjad Rihan $10.8m (€9.08m) in compensation.
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VideoFinancial Crime: Tackling A Growing Threat. A conversation with Sir Rob Wainwright
Financial Crime is a trillion-dollar global industry that allows criminals and corrupt elites to protect their illegal gains.
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NewsOnline gaming association calls for ‘decisive action” in money laundering investigations in Malta
An association of iGaming companies based in Malta has called for “clear and decisive action” to hold money launderers in the industry accountable following a series of scandals in recent weeks.
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NewsFrench government updates AML action plan
The French government has outlined measures to increase anti money laundering (AML) supervision and boost corporate transparency in an updated action plan.
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NewsUK solicitors watchdog warns of real estate vendor fraud trend
A solicitors’ watchdog in the United Kingdom has alerted law enforcement bodies to a trend in real estate vendor fraud, in which homes are sold without the knowledge of the owners.
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BlogTime for Biden to impose AML requirements on investment advisers?
Recent media reports have suggested President Joe Biden may revive attempts to apply Anti-Money Laundering requirements to investment advisers. David Katz and J. Keith Ausbrook argue that such a move would strengthen the United States financial system.
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NewsUS court orders man to pay $571m for fraudulent Bitcoin scheme
A British man has been ordered to pay $571 million after a United States court found he had operated a scheme to defraud investors out of Bitcoin
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NewsFirst ever North Korean extradited to US to face money laundering charges
A North Korean national will be tried in the United States over allegations he laundered $1.5 million through American banks as part of a scheme to provide luxury goods to the Asian country in breach of sanctions.
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NewsEBA acts to reduce downside of AML de-risking
The European Banking Authority (EBA) has published three regulatory instruments to tackle problems with financial institutions’ de-risking practices including customers being left without access to the financial system.
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AnalysisSeven key themes from FinCrime World Forum Day Two
Here are some of the highlights and key topics of debate from the second and final day of FinCrime World Forum.
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AnalysisSeven key themes from FinCrime World Forum Day One
Financial crime professionals from all over the world gathered virtually today for the FinCrime World Forum. Here are the talking points and takeaways from Day One.
