All Financial Threats articles – Page 6
-
VideoScams: Fuelling the Crypto Fire : A presentation by Scott Johnston, Chainalysis
In its 2021 Crypto Crime Report, Chainalysis, a leading blockchain analysis company, found that scams – ranging from Darknet market abuse, extortion, phishing to Ponzi schemes – continue to be the highest-grossing forms of cryptocurrency-based crime, bringing in around $2.7 billion to criminals.
-
VideoOff the Crypto Rollercoaster: Are stable coins and centralised digital currencies ‘safe’ alternatives?
In the face of soaring market values for a variety of cryptocurrencies, public authorities and established financial institutions across the world have been forced to start considering the implications of these assets’ wider usage. Cryptocurrencies are no longer seen to be a ‘fringe’ interest, or of little relevance to the wider economy.
-
VideoThe Key to FinCrime? Encryption, Privacy Enhancing Technologies and the data-sharing challenge
A common refrain amongst FinCrime professionals is that it would be easier to take on the criminals if they were more readily able to share sensitive information between organisations.
-
VideoTackling the Dark Underbelly of the Illegal Wildlife Trade
Anti-financial crime practitioners know that the illicit trade in wildlife has become a major source of illicit funds in the global criminal economy. But what do practitioners know about how the criminals conduct their business?
-
VideoBiden’s Radical Agenda? Jim Richards on the Implications for the Fight Against FinCrime
The Biden Presidency – less than six months old – has been a surprise to many who expected that the vicissitudes of the past four years and the challenges of the pandemic would lead to a period of stability over change. Instead, President Biden seems to have decided to take a different approach, pushing forward with far-reaching economic policies such as the extensive COVID-19 relief act. As some have suggested, if Biden campaigned as a moderate, he appears eager to govern as a radical.
-
VideoThe Last Lines of Defence - Strengthening the professions’ fight against FinCrime
Most public attention on the private sector’s efforts against FinCrime is devoted to the role of financial institutions, and in particular, banks. This is quite logical, given the centrality of their roles as the gatekeepers of the financial system, and the parts they have unwittingly played in moving illicit funds around the global economy.
-
VideoMoving the Needle - Defining, measuring, and improving FinCrime effectiveness
Many key players in the FinCrime world have been seeking to define the term ‘effectiveness’. Following the lead of the global standard setters, the Financial Action Task Force (FATF), most regulators have sought to assess the issue through subjective evaluations of ‘how well’ businesses meet their compliance obligations.
-
VideoPutting Corruption on Notice Bill Browder in conversation with Oliver Bullough
Leading international law enforcement agencies such as Europol tell us that corruption has become one of the most vital enablers of serious organised crime and financial criminality – and a problem that touches not only so-called ‘high risk’ emerging markets, but developed societies too.
-
VideoA Talk on the Wild Side - A conversation on the Wildlife-FinCrime nexus with John Scanlon
The potential link between the illegal wildlife trade and the spread of COVID-19 has focused attention once again on the trafficking and exploitation of wild animals, as well as plants.
-
NewsFCA warns of dangers from unregistered crypto companies
The 111 crypto asset firms operating in the UK without registration pose a risk to the broader financial system, according to Mark Steward, head of enforcement and market oversight at the Financial Conduct Authority’s (FCA).
-
EventFinCrime World Forum deep-dives into corruption, dirty money, and the fight against kleptocracy
Today at FinCrime World Forum, award-winning investigative reporter and Financial Times investigations correspondent, Tom Burgis, discussed the inner workings of a growing global network of kleptocratic elites.
-
EventFinCrime World Forum focusses on the stark reality of financial crime facing the EU, with Europol’s Burkhard Mühl
Day two of FinCrime World Forum begins with an investigation into the sheer scale and complexity of the financial crime crisis facing governments across Europe and beyond
-
NewsMalta’s ‘wild west’ beginnings as blockchain island catch FAFT’s eye
Members of the Financial Action Task Force (FAFT) have voiced concerns about the estimated €60bn ($71bn) of cryptocurrency and other virtual assets which moved through Malta in a ‘wild west’ period after the government declared the country a blockchain island in 2017.
-
AnalysisJohn Scanlon discusses the wildlife/FinCrime nexus at FinCrime World Forum
Before a global audience, Australian lawyer John Scanlon today presented his experiences of the illegal wildlife trade, and explored how the illicit industry props up international financial crime.
-
NewsWorld Economic Forum issues guide to combat financial crime
The World Economic Forum (WEF) has published the Unifying Framework, self-regulatory guidelines for private-sector intermediaries known as gatekeepers who are able to prevent or interrupt illicit financial flows.
-
WebinarThe future of AML– How Customer Intelligence is the basis of truly risk-based AML
Join Lucinity and Currencycloud as we cover innovative ways of understanding customer behavior through insights derived from KYC, transaction monitoring, screening and other data sources to create a holistic view of the customer.
-
NewsGuernsey launches agency to fight financial crime
The Economic and Financial Crime Bureau (EFCB) has been set up by Guernsey’s government to investigate money laundering and economic crime, take enforcement action and recover proceeds from unlawful conduct.
-
FeatureKey Theme: Virtual Assets in the FinCrime Mainstream
With FinCrime World Forum taking place on 22-23 June, Nick Furneaux, MD at CSITech and CTO at Asset Reality, gives us an introduction into one the key themes ’Virtual Assets in the FinCrime Mainsteam.’
-
NewsMalta updates anti-corruption strategy
The Maltese government has refreshed its national strategy to fight fraud and corruption, two years after a report by the Council of Europe’s anti-corruption body Greco highlighted how a promised update had never materialised.
-
NewsFresh AML drive in UAE
The ministry of economy in the UAE has launched a campaign to ensure more than 500,000 of the nation’s non-financial businesses submit data on their ultimate beneficiaries by 30 June.
