All Financial Crime articles – Page 20
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News
€4.5m seized in Latvia following probe into flower-selling business ‘used to disguise money laundering’
Authorities in Latvia have seized assets worth €4.5m following an investigation into an organised group’s alleged use of a flower-selling business to disguise large-scale money laundering
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Q&A
FinCrime Job Focus: Barry Faudemer, Chief Executive, Baker Regulatory Services
In our latest Q&A Barry Faudemer explains why those who haven’t worked in financial crime investigations are missing out
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Article
FinCrime Job Focus: Jane Jee, chief executive, Kompli-Global
In our latest reader-submitted Q&A Jane Jee argues that technology can make a significant difference in the fight against financial crime
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News
EBF sets out Digital Euro wish list, urging attention paid to AML
Plans for a Digital Euro must pay particular attention to anti-money laundering and counter terrorism regulatory requirements, the European Banking Federation (EBF) has said.
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News
SARs filing rises for three quarters of senior AML compliance decision-makers, survey finds
Nearly three-quarters of senior AML decision-makers reported an increase in Suspicious Activity Reporting last year as criminals sought to exploit Covid-19 disruption, research out today has revealed.
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Blog
AML ambiguity and more work for business? Welcome to the EU-UK trade agreement
Matthew Redhead gives his take on the Brexit trade agreement and what it could mean for financial crime
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News
Deutsche Bank agrees to pay $130m to resolve fraud and corruption case
Deutsche Bank has agreed to pay fines and penalties totalling more than $130m to avoid criminal prosecution in the United States on charges it took part in a bribery scheme to win business in Saudi Arabia.
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Blog
A look ahead: the US Anti-Money Laundering Act of 2020
The new Anti-Money Laundering Act in the US has now passed into law. Chris Siddons of LexisNexis Risk Solutions explains why it is set to become the most significant piece of US financial crime legislation for years.
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News
Landmark US AML and corporate transparency bill enacted into law
A landmark piece of legislation that will establish a register of beneficial owners and strengthen anti-money laundering has been enacted into law.
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Analysis
The key FinCrime trends and topics to watch out for in 2021
2020 is a year we would all rather forget, with everybody hoping that in 2021 thoughts of social distancing, bubbles, mask-wearing and furloughing will gradually fade from public consciousness.
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News
AUSTRAC has warned of high risks of money laundering through junket tour operations and has urged casinos to act.
The Australian watchdog has published a risk assessment of the junket tour operations (JTO) sector. Junket tour operators bring wealthy gamblers to casinos by offering promotions and other services, with these ‘high-rollers’ paying the JTO.
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News
US set to overhaul AML legislation to implement new beneficial ownership registry
US Congress looks set to to overhaul anti-money laundering legislation, implementing a requirement for companies to register their true owners for the first time
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Video
Seven things we learnt from the FinCrime World Forum
A round-up of the key talking points and takeaways from this week’s global live stream experience.
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Video
Regulatory Focus
Regulatory Focus with Michelle Crotty, Chief Capavility Officer at Serious Fraud Office
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Video
Sharing Experience Across Industries
A panel of speakers present and then discuss both the specific issues related to their three different sectors – fintech; investment management and cryptocurrency - and also those challenges they have in common.
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Video
After the US Election
The result of the presidential election will have a huge effect on the international approach to targeting and tackling financial crime over the coming years.
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Video
The FinCrime Team of the Future
Compliance today is not a 9 – 5 job. FinCrime teams can no longer simply get away with knowing what the regulations are and following what’s required of them.
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Video
Fighting Financial Crime in a Changed World
UK Finance reports that “economic crime costs the UK nearly £7 billion a year” with this figure expected to rise as fraudsters continue to use the coronavirus pandemic as an opportunity to exploit both businesses and consumers alike, with sophisticated COVID-19 and lockdown themed scams.
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Video
FinCrime Futures- The EU and Brexit
The uncertainty surrounding the implications of Brexit and the future relationship between EU and UK is writ large in the field of financial crime compliance this year.
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Video
A Conversation with Payson Johnston and Anton Zdziebczok
We talk to Payson Johnston, CEO & co-founder of Crowdz, a FinTech company based in Silicon Valley, focused on revolutionising invoice financing for SMEs and helping businesses get paid faster.