‘Corporate transparency is a moral and social issue’
Graham Barrow is one of the world’s leading commentators and experts on financial crime and a leading advocate for corporate transparency. Ahead of his appearance at FinCrime World Forum later this month, he speaks to GRC World Forums about why this issue is so important
The attacks on DeFi as a money laundering threat don’t stand up
Recent research has described Decentralised Finance (DeFI) as the “next major threat vector for money laundering.” Ben Whitby, ahead of his appearance at the FinCrime World Forum later this month, argues this accusation does not reflect reality.
How your bank can protect a herd of elephants in Botswana’s Okavango Delta
Erik Stretz outlines what Europe’s banks must do to help fight the illicit trade of wildlife
Cash payments to UK universities raise money laundering concerns
Financial crime experts have raised concern about the number of universities in the UK which accept cash payments from students from countries with high money-laundering risks.
Financial crime co-operation should continue despite Brexit Trade Agreement changes
The Trade & Cooperation Agreement which came into effect last month marks the start of a new financial crime fighting relationship between the United Kingdom and European Union, writes Francesca Titus
FinCrime Job Focus: Neil Downing, Vice President, Products, TMT Analysis
In our latest reader-submitted Q&A, Neil Downing talks about developing new products in a changing industry
FinCrime Job Focus: Andy Mason, Head of Customer Operations & Financial Crime, Mettle
In our Q&A this week, Andy Mason talks about sharing information, technology and the importance of being laser-focused on your priorities
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
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.
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
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.
Crypto analytics firm CipherTrace files patents for technology to trace privacy coin Monero
Cryptocurrency risk intelligence and analytics firm CipherTrace has filed two patents for technology to trace transactions for privacy coin Monero (XMR).
More money laundering and more SARs – the potential impact of Germany’s new AML law
A proposed new law in Germany would have a drastic impact on the volumes of transactions punishable as money laundering. Compliance teams will need to be on the ball, explains Andrew Northage
FATF president pledges to support digital transformation of AML/CFT systems
The Financial Action Task Force (FATF) will seek to support the building of greater efficiency and resilience in anti-money laundering systems through digital transformation, its president has announced.
Trust, privacy and combatting crime: the tech behind Singapore’s facial recognition ID scheme
Singapore is to become the first government in the world to grant citizens access to services online using facial verification and UK-based provider iProov has won the contract. FinCrime Report speaks to the firm’s founder Andrew Bud about the technology and issues of privacy, anti-money laundering, security and trust.
FinCEN publishes new typologies to help firms detect money laundering linked to human trafficking
The US Treasury Department’s Financial Crimes Enforcement Network (FinCEN) has published new information on typologies and indicators to help compliance teams combat the “horrific toll” of human trafficking.
FinCrime Job Focus: Matthew Redhead, researcher and writer
In our latest reader-submitted Q&A Matthew Redhead explains how financial crime can get the emotional juices flowing
The skills needed in the FinCrime team of the future
Becky Marriott’s financial crime fighting journey to date includes working on security in warzones, threat intelligence at the 2012 Olympics, tracing global sanction evasion networks and investigating ISIS. Now at digital banking services provider Tide, Marriott discusses the skills needed to equip the financial crime teams of the future.
AUSTRAC investigates PayPal as AML compliance clampdown continues
Australian enforcement agency AUSTRAC has ordered the appointment of an external auditor to probe anti-money laundering compliance concerns at PayPal.
SARs and the FinCEN Files – did disclosure rules play a part?
The FinCEN Files have shocked many across the world. The leaked documents show banks moved more than $2 trillion between 1999 and 2017 in payments even though they believed them to be suspicious. So how was this allowed to happen?