All Financial Crime articles – Page 11
-
VideoThe GRC Red Flag Series with Michael Rasmussen - GRC Orchestrate with ING
Access the on-demand video for The GRC Red Flag Series with Michael Rasmussen: GRC Ochestrate featuring ING
-
NewsNew series of video talks led by ‘father of GRC’ Michael Rasmussen begins today
A new series of virtual discussions on governance, regulation and compliance trends will get under way later
-
News‘DeFi’ fraud rises whilst cryptocurrency crime declines
New report reveals an alarming new trend in which decentralised finance hacks now make up more than 60% of the total crypto thefts and hacks volume.
-
NewsEurope’s new AML watchdog will be in place by 2024
Once operational, the authority will mark one of the biggest overhaul of the European Union’s anti-money laundering efforts in decades.
-
Analysis‘AML is the least effective anti-crime measure anywhere, ever’
Outcomes scientist Dr Ron Pol has been ruffling feathers with his strong criticism of current anti money laundering (AML) frameworks. Ahead of his appearance at FinCrime World Forum next month, he argues current thinking is not working because it has no basis in effectiveness and outcomes science.
-
AnalysisMeasuring effectiveness: the $64,000 dollar question
How we define, measure and ultimately improve effectiveness is becoming a major topic in the world of financial crime. Ahead of her appearance at FinCrime World Forum, Gemma Rogers argues for a change in thinking in the sector.
-
NewsSpanish police disrupt money laundering and drug trafficking gang
Sixty people have been arrested so far by police in Spain for allegedly being involved with a Mallorca-based criminal organisation which laundered at least €1m ($1.2m) from drug trafficking in a little over a year.
-
NewsWorld’s largest crypto exchange under federal investigation
Binance has now become the subject of a money laundering investigation.
-
NewsUK fraud office launches money laundering probe into Gupta steel empire’s links to Greensill Capital
The Serious Fraud Office in the United Kingdom has confirmed it has launched a fraud and money laundering investigation into the Gupta Family Group’s financial arrangements with failed financing firm Greensill Capital.
-
AnalysisThe key theme: focusing effectiveness on tackling financial crime
Regulators, government departments, private businesses and law enforcement agencies carry out a huge amount of activity every single day to combat financial crime, but how much of it is actually effective? How do we measure and improve our effectiveness? Next month’s FinCrime World Forum global live stream experience will feature several sessions on this topics. To get you in the mood, Matthew Redhead explains the key issues and argues for a systemic approach
-
AnalysisIntegrating AI into AML strategic transformation
The rise of AI will provide new opportunities for visionary leaders to transform their Anti Money Laundering strategies, write Sha Ali and Sabah Hussein
-
NewsEU plans to ban cash payments above €10,000 in AML move
The European Commission is preparing to prohibit cash transactions of €10,000 or more as part of new anti-money laundering measures.
-
NewsPakistan to work towards meeting FATF’s AML conditions
The Pakistani government is to bring in a swathe of new rules and procedures with the goal of ending its three years on the Financial Action Task Force’s grey list which subjects it to increased monitoring.
-
NewsGRC World Forums launches TV-style weekly broadcast
A new TV-style weekly digital broadcast to inform the industry of the latest governance, regulation and compliance (GRC) developments and featuring topical insight from thought leaders launches today.
-
NewsEuropean Banking Authority outlines plans for a centralised AML/CFT database
The European Banking Authority (EBA) has published a consultation paper on plans for an anti-money laundering (AML) and counter terrorism financing (CTF) centralised database in the European Union.
-
NewsCouncil of Europe criticises Romania for inadequate anti-corruption measures
Romania’s compliance with Council of Europe recommendations to tackle corruption among members of parliament (MPs), judges and prosecutors remains unsatisfactory, according to the 47-member human rights organisation.
-
NewsSwedbank fined by stock exchange for AML failings
Swedbank has been fined a total of $5.5million (SEK46.6m) by Nasdaq Stockholm’s disciplinary committee for historical AML (anti-money laundering) failures.
-
NewsDozens arrested and 800 officers deployed in major anti-mafia operation in Europe
A total of 31 people have been arrested in a major operation against international drug trafficking and money laundering which saw the deployment of 800 police officers and tax officials.
-
NewsNorway’s largest lender fined $48 million over AML failings
Norwegian bank DNB ASA has been fined 400 million Norwegian Kroner ($48.1 million) for failing to adequately comply with anti-money laundering requirements,
-
NewsTurkey brings cryptocurrency firms under AML/CFT rules
Cryptocurrency exchanges are now included in Turkey’s anti-money laundering and counter terrorism (AML/CFT) financing regulations.
