Latest Terrorist Financing Threats
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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.
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News
BaFin tells Deutsche Bank to improve AML safeguards
Germany’s financial regulator has ordered Deutsche Bank to do more to improve its anti-money laundering safeguards.
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News
New Zealand told to improve availability of beneficial ownership information
The Financial Action Task Force (FATF) has told New Zealand told to strengthen its anti-money laundering (AML) and counter terrorism financing (CTF) operations in several areas, including improving the availability of its beneficial ownership information.
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News
VASPs now subject to Ireland’s AML/CFT rules
Virtual Asset Service Providers (VASPs) in Ireland are now required to register with the country’s central bank to comply with anti-money laundering and countering financing of terrorism (AML/CFT) obligations.
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Blog
Artificial Intelligence or Authentic Intelligence?
We are on the cusp of an artificial intelligence regtech spending boom, but AI has to be combined with human expertise if we are to stay a step ahead of the money launderers, argues Guy Harrison.
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News
UK sanctions 22 involved in corruption in drive against ‘dirty money’
The United Kingdom government has announced it has imposed sanctions on 22 individuals in various countries around the world involved in serious fraud and corruption
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News
Council of Europe calls for urgent action to improve FIUs across continent
The Council of Europe (CoE) has called for its 47 member states to strengthen their Financial Intelligence Units to improve anti-money laundering and counter-terrorism financing.
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News
UK adds Pakistan to list of high-risk countries with weak AML/CTF controls
The United Kingdom has added Pakistan to a list of 21 countries it deems to be high-risk due to deficiencies in anti-money laundering and counter-terrorism financing controls.
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News
Gibraltar, Guernsey, Jersey and Isle of Man to share CTF information
A new international forum to share counter-terrorism financing (CTF) information with three other jurisdictions has been set up by the Royal Gibraltar Police.
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News
TNO, Rabobank and ABN AMRO report ‘good initial results’ from privacy-enhanced data-sharing AML project
A project to allow the sharing and analysing of transaction information between banks while protecting privacy of customers has had ‘good initial results’ after testing with synthetic data, a bank involved has said.
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News
EBA acts to reduce downside of AML de-risking
The European Banking Authority (EBA) has published three regulatory instruments to tackle problems with financial institutions’ de-risking practices including customers being left without access to the financial system.
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Analysis
Seven key themes from FinCrime World Forum Day Two
Here are some of the highlights and key topics of debate from the second and final day of FinCrime World Forum.
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Analysis
How powerful a weapon is AI in the fight against financial crime?
FinCrime World Forum speaker Janet Bastiman explains the benefits of using AI in Anti Money Laundering compliance processes
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Analysis
Measuring the effectiveness of your financial crime controls
Natasha Vernier talks about the need for compliance teams to accurately measure outcomes, ahead of her appearance at FinCrime World Forum
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News
UAE urges DNFBPs to sign up to AML programme as clampdown continues
The economy ministry in the UAE has reminded companies to register for the country’s anti-money laundering system before a 31 March deadline.
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Analysis
Brexit and fincrime: are things are about to get a bit more complicated?
The Brexit trade agreement contains warm words of co-operation on financial crime matters. However, Dr Anna Bradshaw, ahead of her appearance at FinCrime World Forum, fears there may be difficulties further down the line.
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Analysis
Thinking outside the box
Ahead of his appearance at FinCrime World Forum, Nick Maxwell explains why public- private information-sharing, aided by fresh thinking and new technology, is crucial to tackling financial crime
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Analysis
Future-proofing and inclusivity: a chat with award-winner Sujata Dasgupta
Sujata Dasgupta is rapidly becoming one of the financial crime compliance sector’s rising thought leaders and has just landed a major award for her efforts.
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Analysis
‘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
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News
‘Overstretched’ FinCEN needs technological innovation and more funding, says think tank
The Financial Crimes Enforcement Network (FINCEN) in the United States needs more funding and a ‘Manhattan Project’ to develop new technologies in order to be more effective against money laundering, a think tank has said.
