Financial & Fraud Risk @ #RISK London
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OpinionMeet the expert: Dr. Vasileios Karagiannopoulos to speak at #RISK London
We are delighted to reveal that cybercrime leader, Dr. Vasileios Karagiannopoulos will speak at #RISK London, opening tomorrow.
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OpinionDORA and its impact for Financial Institutions
On 16 January 2023 Regulation (EU) 2022/2554 of the European Parliament and of the Council of 14 December 2022 on digital operational resilience for the financial sector (DORA) entered into force.
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NewsID theft fraud up by almost 100% through 2022
Throughout last year, levels of ID theft almost doubled in the UK, according to new research.
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NewsCorruption and uncertainty dominate political climate in Bulgaria
Experts fear that Bulgaria’s political system could near the brink of collapse this summer if the state is not able to establish a new government and effectively combat endemic corruption.
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NewsID theft hits USA’s southern states most through 2022
New research has revealed that citizens in the southern states of the US suffered most from ID theft in 2022 compared with the rest of the country, with millennials most likely to be the victims.
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FeatureMoney Laundering Fines Against Solicitors’ Firms More Than Tripled Last Year
The Solicitors Regulation Authority (SRA) published its annual anti-money laundering (AML) report this week. Part of the SRA’s role is to ensure solicitors and law firms are meeting their increasingly extensive AML obligations. This year saw a significant increase in the number of investigations resulting in “internal outcomes”, which can include anything from formal advice to rebukes and fines.
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Video#RISK Founder Nick James in conversation with Julien Haye, Fidelity International
Julien Haye is Global Head of Non-Financial Risk at Fidelty International. He has over 20 years’ experience in the financial industry and has worked across companies such as DWS Group, Deutsche Bank and RBS.
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Feature5 Takeaways From the Basel AML Index 2022: ‘Depressingly Little’ Progress, But Some Grounds for Optimism
The Basel Institute on Governance released its 11th annual Basel AML Index on Tuesday, and the report presents a mixed picture of global attempts to tackle money laundering.
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FeatureThe Complex World of NFTs and Financial Crime
Non-fungible tokens (NFTs) are perhaps best known as a way to assign digital “ownership” to pictures of cartoon monkeys. But a new report from Elliptic claims that NFT-based platforms are being used to launder millions of dollars of illicit funds.
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FeatureCrypto Service Sanctioned In a Complex and Evolving Risk Landscape
Image Source: Imgur - The US Treasury Department has sanctioned a “virtual currency mixer” for failing to prevent money laundering by foreign cybercriminals. The developer behind the project was arrested in Amsterdam two days after the sanction was announced.
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FeatureGambling Firms’ Inadequate Systems and Processes Lead to £17m Money-Laundering Settlement
Gambling business Entain Group reached a £17m settlement with the Gambling Commission on Wednesday after an investigation found numerous failings around social responsibility and anti-money laundering (AML) compliance.
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FeatureAnother Bad Week Underlines Crypto’s Security Problem
Two crypto heists this week caused nearly $200 million in losses. Seemingly every week there are stories about similar incidents. But is there a security problem with the blockchain itself, or with the software and systems designed to facilitate its use?
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NewsFinCrime World Forum @ #RISK
#RISK – Europe’s Leading Risk-Focused Expo: November 16 & 17, ExCeL, London
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FeatureLaw Firm Fines Quadrupled Over Two Years, Mostly Due to Money-Laundering Compliance Failings
Data from the Solicitors Regulatory Authority (SRA) shows a substantial increase in the number and amount of fines issued to law firms. A look at the data reveals the main cause of the increase: law firms are failing to meet their obligations to detect and prevent money laundering.
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FeatureESG is Becoming a Magnet for Financial Crime
When policy is in the process of shifting from a broad principle-based concept to rules-based law it often becomes an open window of opportunity for criminality.
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FeatureRisk and Resilience in a Dynamic Environment
Effective risk and resiliency within an organization is arguably the heart and soul of success.
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Video#RISK Founder Nick James in conversation with Oliver Bullough
Nick James, founder and event director of #RISK talks with financial crime journalist and author Oliver Bullough.
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FeatureThe Crackdown on the Illicit-Finances Aiding Oligarchs
The United States Department of Treasury has outlined actions it plans to take to address illicit finance, saying Russia’s invasion of Ukraine had underscored the need to close regulatory loopholes and step up the fight against related financial crime and transnational corruption.
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Video#RISK Founder Nick James in conversation with Annie Machon
Nick James, founder and event director of #RISK talks with Annie Macon, writer and former MI5 intelligence officer.
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FeatureThe Expanded Threat of Money Laundering through NFTs and Digital Assets
It’s a tale as old as time how to cheat the state. Real estate and art have long been a common refuge for financial sleight of hand.
