Financial Crime Compliance Resources

Criminals will infiltrate any business that will garner financial gain, or cover up their other illicit activities. We’ve already seen this throughfishing, thecattle trade, and throughshipments of gold. But while...

The rise of technology and interconnectedness across the globe has coincided with an exponential increase in data generated over the last few decades. At the enterprise level, unstructured data is currently growing 50%...

Greek myths tell the story of the Lernaean Hydra, a vicious monster with many heads. The serpentine monster was nearly impossible to kill, as its heads would regenerate when chopped off. In many ways, human slavery is...

In this edition of our FinCrime Files interview series, we caught up with James Holian who is Director of Financial Crime and Controls at theNatWest Group.

The UK has launched a new sanctions regime following Brexit, underlining the fragmented nature of the international sanctions framework

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Even by cryptocurrency standards, the level of volatility displayed in 2021 has been quite astounding. In late May, a staggeringcrash wiped out $1.21 trillionin market value across popular currencies including...

We in the financial crime prevention community are still assessing how the new Administration will address white collar crime and accompanying regulatory oversight. With the recent announcements about a new focus on tax...

“What does NFT even stand for, anyway?” Perhaps these words have resonated with you the past few months in conversations with colleagues or friends. While seemingly a throwaway josh, it echoes an unfamiliarity that many...

In this edition of our FinCrime Files interview series, we had the pleasure of catching up with Renata Hoes. Wefirst spoke to Renata in June of 2020when we she was Chief Compliance Officer at MFEX Luxembourg, and gave...

Part of an AML analysts’ workload involves the scrupulous investigation of ‘suspicious activity’ that could pass through a financial institution and be alerted through their internal systems. One way in which an...

Despite the massive cost and reputational risks Financial Institutions (FIs) are exposed to, efficient fraud & AML systems largely remain elusive. Incumbent fraud systems generate a large volume of false positives in...

Last summer, the Federal Bureau of Investigations (FBI) stated in a leaked intelligence bulletin that they believe that nearly $10 trillion in private investment funds are being used as vehicles for laundering money.[1]...

The UK’s long overdue Integrated Review includes welcome plans to track down economic criminals. Too many of these criminals are still going undetected, due to a lack of resources and focus. But some say the review...

AML RightSource is pleased to announce that William (Bill) Maggio has joined the company's Advisory Board. In this role, Mr. Maggio will provide guidance to the company’s CEO, Frank Ewing, and support the Company’s...

The Belt & Road Initiative (BRI) needs no introduction. Started in 2013, the Chinese infrastructural development project had come to embody its parent nation in many ways –audacious in scale, problematic from a wide...

In this episode of Financial Crimes – Dirty Money Stories, Executive Vice President John Byrne of AML RightSource and Jay Nanavati, Partner at Kostelanetz & Fink, LLP, discuss recent white-collar crime cases and the...

Second annual industry survey by Arachnys reveals a strong shift in KYC and AML analysts’ requirement for automating the monitoring of customer changes, as financial institutions look to improve or replace traditional...

The United Nations fears its sustainable development goals are threatened by financial crime; a global response is required, the organisation argues

The decriminalization of marijuana has been gathering increased momentum in recent years. At least 35 US states currently allow the use of marijuana in one way or another (recreational, medicinal, or both). Driven by...

Star Wars fans will be familiar with the title of Episode V of the epic space franchise; in modern day reality, the “Empire” (in this case, in the form of the United States Customs & Border Protection – US CBP) agency...

The catastrophic effects of the global fishing industry have never been so readily accepted as now. Environmental agencies focusing on our waters and their complex natural systems – such as Sea Shepherd in the UK – have...

Bank bosses can no longer bury their heads in the sand. Virtual currencies such as Bitcoin are becoming mainstream and many traditional banking customers are transacting with cryptocurrency exchanges. The institutions...

In KYC and AML, data forms the bedrock that important decisions are based on. Without uniformity in that data, it is very hard to move beyond the manual data processing that is undertaken in even the simplest of tasks,...

A new report into potential money laundering involving universities’ overseas students is the latest warning of the higher education sector’s vulnerability. The imperative to act grows stronger by the day.