9 min read
Role of FSRBs in FATF Recommendation Implementation
Tom Miller: October 31, 2022
10 min read
Built to Fail: The Kabul Bank Scandal and Systemic Corruption in Afghanistan
Noah Zoroya: October 19, 2022
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
Combatting IUU Fishing with AML Policies
Andrew Arlotto: October 11, 2022
Special Edition with Guest Student Authors from the Schar School of Policy and Government at George Mason University (https://traccc.gmu.edu/)
2 min read
How to plan for a new AML Transaction Monitoring System
Sophie Proctor: October 06, 2022
Financial institutions need to follow AML/BSA requirements so they can have confidence in their compliance process and ease the pressure from...
2 min read
How to create a risk-based AML strategy
Sophie Proctor: October 05, 2022
A risk-based approach was identified by the FATF as an effective and proactive stance of tackling anti-money laundering compliance. They reported a...
2 min read
Evolution in Money Laundering Methods Through Cryptocurrencies
Ujjwal Singh, Rahul Dhigan and Siddharth Balani: October 05, 2022
What is cryptocurrency?
2 min read
What are the best practices for integrating AI into your AML compliance program?
Sophie Proctor: September 05, 2022
To take your AML compliance program to new heights of effectiveness, introducing an artificial intelligence (AI) technology could be the right...
2 min read
How to deal with AML compliance disruptions
Sophie Proctor: September 05, 2022
Anti-money laundering compliance teams need to have several traits to help keep them at their best, these include resilience and adaptability. As an...
2 min read
Financial Crime Compliance Experts Discuss Top AML Tech Trends and Related Process Improvements
AML RightSource: September 02, 2022
At the Financial & International Business Association (FIBA) AML Compliance Conference, David McLaughlin, SVP, Head of Technology Integration at AML...
3 min read
FATF’s View of the Risks of Real Estate
Elliot Berman: August 30, 2022
The Financial Action Task Force (FATF[1]) recently updated its Risk-Based Approach Guidance for the Real Estate Sector. This update was prompted by...
2 min read
Global Impact of Human Trafficking
Elliot Berman: August 16, 2022
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
Money Laundering Through Social Media and Online Gaming
Sakshi Sharma: August 12, 2022
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...
2 min read
Elder Financial Exploitation – A Problem That Isn’t Going Away
Elliot Berman: July 27, 2022
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
Understanding European Crypto-Assets Regulation (MiCA)
Elliot Berman: July 13, 2022
After two years of discussion and negotiation, the European Parliament and the European Council reached a provisional agreement on the Markets in...
4 min read
What is Money Laundering and How is it Done? Part 2
Bartłomiej Piekutowski: July 06, 2022
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
Detecting Counterparty Behavior with QuantaVerse’s Advanced Technology
Sophie Proctor: July 01, 2022
AML case investigations traditionally center on the focal entity and their most active counterparties. However, limiting the circle of inquiry...
4 min read
What is Money Laundering and How is it Done? Part 1
Bartłomiej Piekutowski: June 29, 2022
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
Five Best Practices of Adverse Media Monitoring
Sophie Proctor: June 27, 2022
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
The June FATF Plenary Outcomes
John Byrne: June 23, 2022
Russia, Real Estate and Other Things*
3 min read
Has the Time Come for Adoption of Digital Asset Legislation in the US?
Elliot Berman: June 21, 2022
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
The Suspicious Activity Report that is Not Suspicious – Marijuana Limited
Chuck Taylor: May 17, 2022
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
Trouble in Paradise? Understanding Risks of Financial Activities in The Cayman Islands
Nathan Vallejos: May 16, 2022
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...
3 min read
Understanding global corruption and how to prevent it
Sophie Proctor: May 05, 2022
Corruption can lead to ethical and reputational problems at a private and public level, heightening the need for recognition across the globe about...
2 min read
FinCEN Issues Advisory on Kleptocracies and Foreign Corruption
Sophie Proctor: May 04, 2022
On April 14th, the Financial Crimes Enforcement Network (FinCEN) issued an advisory on kleptocracy and foreign public corruption. This alert urges...
3 min read
What are the money laundering risks surrounding migrant smuggling?
Sophie Proctor: April 23, 2022
Migrant smuggling arises due to global conflict, including fleeing from war, political instability, and violence, as well as a yearning for better...