The anti-money laundering agencies of the United Arab Emirates and China have signed a Memorandum of Understanding (MoU) to boost efforts in the anti-money laundering and combatting the financing of terrorism (AML/CFT) field.
South Africa’s Financial Sector Conduct Authority (FSCA) has ordered Momentum Wealth and Momentum Collective Investments to pay ZAR11.1m ($773,000, €654,000) after an inspection found weaknesses in their money laundering and terrorist financing controls.
Anti-financial crime practitioners know that the illicit trade in wildlife has become a major source of illicit funds in the global criminal economy. But what do practitioners know about how the criminals conduct their business?
Today at FinCrime World Forum, award-winning investigative reporter and Financial Times investigations correspondent, Tom Burgis, discussed the inner workings of a growing global network of kleptocratic elites.
Interest is growing in the use of RegTech solutions in financial crime and this will be a major topic at FinCrime World Forum next month. Here we take a look at some of the major technologies and techniques that could be utilised as well as some of the barriers to adoption