All Financial Crime articles – Page 21
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VideoSeven things we learnt from the FinCrime World Forum
A round-up of the key talking points and takeaways from this week’s global live stream experience.
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VideoRegulatory Focus
Regulatory Focus with Michelle Crotty, Chief Capavility Officer at Serious Fraud Office
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VideoSharing Experience Across Industries
A panel of speakers present and then discuss both the specific issues related to their three different sectors – fintech; investment management and cryptocurrency - and also those challenges they have in common.
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VideoAfter the US Election
The result of the presidential election will have a huge effect on the international approach to targeting and tackling financial crime over the coming years.
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VideoThe FinCrime Team of the Future
Compliance today is not a 9 – 5 job. FinCrime teams can no longer simply get away with knowing what the regulations are and following what’s required of them.
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VideoFighting Financial Crime in a Changed World
UK Finance reports that “economic crime costs the UK nearly £7 billion a year” with this figure expected to rise as fraudsters continue to use the coronavirus pandemic as an opportunity to exploit both businesses and consumers alike, with sophisticated COVID-19 and lockdown themed scams.
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VideoFinCrime Futures- The EU and Brexit
The uncertainty surrounding the implications of Brexit and the future relationship between EU and UK is writ large in the field of financial crime compliance this year.
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VideoA Conversation with Payson Johnston and Anton Zdziebczok
We talk to Payson Johnston, CEO & co-founder of Crowdz, a FinTech company based in Silicon Valley, focused on revolutionising invoice financing for SMEs and helping businesses get paid faster.
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VideoA Step into The Regulatory Unknown
Almost two decades on from the al Qaeda terrorist attacks (9/11) the Financial War on Terrorism continues to gather pace following the introduction of a series of international counter-terrorism financing legislative provisions
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NewsTrump-appointed regulator proposes rule to compel banks to lend to “unpopular” businesses
A US regulator has proposed a new rule aimed at compelling banks to lend to “unpopular” businesses such as oil businesses and gun manufacturers.
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SponsoredResilient risk management for the FinCrime professional in today’s new normal (sponsored)
Financial crime has increased substantially since the outbreak of the pandemic. Regulated firms are being attacked on all fronts and criminals are getting more sophisticated, with an increase in criminal scams and laundering activity associated with this crisis. As if they weren’t already, compliance teams face challenging times ahead. In this article, NorthRow discuss how FinCrime professionals can build resilient risk management processes in whatever passes for today’s new normal.
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BlogA single AML supervisor and rulebook might just be what’s needed to drive true collaboration in Europe
As European finance ministers agreed to progress plans for a major reform of anti-money laundering regulation in the European Union, Nina Kerkez outlines the likely benefits and challenges.
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FeatureWe need to talk about the EU’s ambitious AML reform plan
The European Commission’s reforms for anti-money laundering, including a single rulebook and supervisor, have been enthusiastically backed across the continent and draft plans approved by finance ministers.
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BlogMore money laundering and more SARs – the potential impact of Germany’s new AML law
A proposed new law in Germany would have a drastic impact on the volumes of transactions punishable as money laundering. Compliance teams will need to be on the ball, explains Andrew Northage
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NewsLagarde hints digital Euro is likely but would take several years due to AML and privacy concerns
Christine Lagarde has said her “hunch” is that a digital Euro will be set up soon but would take up to four years to implement.
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Q&AFinCrime Job Focus: Daniel Cohen, chief product officer for anti-fraud at RSA Security
In our latest reader-submitted Q&A, Daniel Cohen describes how he enjoys discussing new ways to fight fraud
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NewsFinancial crime caseload productivity ‘stagnated or got worse in 2020’, survey finds
Financial crime caseload productivity stagnated or worsened this year with investigators warning they need more adequate technology, training and investment to keep up with the criminals, research has found.
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NewsSwiss bank Julius Baer agrees to hand over nearly $80m to settle FIFA corruption case
Julius Baer said it has reached an agreement in principle with the US Department of Justice to resolve an investigation into the bank’s role in the FIFA corruption scandal.
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NewsUAE lifts suspensions for 193 law firms but fines seven for continued AML failures
The United Arab Emirates’ Ministry of Justice has fined seven law firms for continued anti-money laundering failures, but lifted suspensions on 193 others.
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AnalysisFour key FinCrime questions for Biden’s administration
As the world reflects on Joe Biden’s victory, here are a few things to look out for in terms of the impact on the tackling of financial crime
