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2023 Financial Crime Market Outlook: UK & Europe
Worldwide, criminals launder between $800 million and $2 trillion each year, with 90% of money laundering crimes going undetected.
Read More4 min read
Worldwide, criminals launder between $800 million and $2 trillion each year, with 90% of money laundering crimes going undetected.
Read More3 min read
Elliot Berman and I were pleased to be able to post close to 50 new conversations in 2022 about the many challenges, both domestic and international,...
3 min read
“Can’t You Hear Me Knocking?”[1]
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Special Edition with Guest Student Authors from the Schar School of Policy and Government at George Mason University (https://traccc.gmu.edu/)
14 min read
Special Edition with Guest Student Authors from the Schar School of Policy and Government at George Mason University (https://traccc.gmu.edu/)
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Financial institutions need to follow AML/BSA requirements so they can have confidence in their compliance process and ease the pressure from...
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A risk-based approach was identified by the FATF as an effective and proactive stance of tackling anti-money laundering compliance. They reported a...
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To take your AML compliance program to new heights of effectiveness, introducing an artificial intelligence (AI) technology could be the right...
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Anti-money laundering compliance teams need to have several traits to help keep them at their best, these include resilience and adaptability. As an...
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At the Financial & International Business Association (FIBA) AML Compliance Conference, David McLaughlin, SVP, Head of Technology Integration at AML...
3 min read
The Financial Action Task Force (FATF[1]) recently updated its Risk-Based Approach Guidance for the Real Estate Sector. This update was prompted by...
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Trafficking in persons is the second largest black market in the world (the first is the illegal drug trade). It is estimated that human trafficking...
3 min read
With scamming on the rise, criminals are always looking for people willing to lend them their bank accounts to receive and withdraw the unlawful cash...
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Elder Financial Exploitation (EFE) is a global problem and is on the rise. One of several forms of elder abuse, this type includes theft, fraud, and...
2 min read
After two years of discussion and negotiation, the European Parliament and the European Council reached a provisional agreement on the Markets in...
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This is the second part of a two-part series on what money laundering is and some of the ways it is done.
3 min read
AML case investigations traditionally center on the focal entity and their most active counterparties. However, limiting the circle of inquiry...
4 min read
This is the first part of a two-part series on the what money laundering is and some of the ways it is done.
2 min read
Financial institutions and banks need to be aware of all degrees of risk that their clients may bring, ranging from a third party with a damaged...
3 min read
Russia, Real Estate and Other Things*
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U.S. Senators Kirsten Gillibrand (D-NY) and Cynthia Lummis (R-WY) have introduced the Responsible Financial Innovation Act (also being referred to as...
5 min read
As a former Bank Secrecy Act (BSA) Officer I understand that BSA requirements are intended to ensure the integrity of the banking system and detect...
3 min read
At a glance, the Cayman Islands may simply appear to be a small collection of islands located in the Caribbean Sea with less than 100,000 residents...