More From Financial Crime – Page 13
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News
US beneficial ownership register step closer as FinCEN publishes consultation
The Financial Crimes Enforcement Network (FinCEN) has started the regulatory process of implementing a new beneficial ownership registry for businesses by publishing an Advance Notice of Proposed Rulemaking (ANPR) seeking comment on the proposals.
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Video
The Biden Presidency - Key financial crime challenges in a new political landscape
Following the federal elections of 2020, both the US executive branch and both chambers of Congress are under the effective control of the Democrats.
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Video
Striking the balance between FinCrime, Privacy Law, and Encryption - What needs to change?
Efforts to tackle financial crime and requirements to protect privacy can seem conflicted and, in some cases, drive opposite regulatory expectations for the private sector. Increasingly, entities regulated for anti-money laundering (AML) are drawing large amounts of information from third parties to understand customer FinCrime risks.
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Video
The drive for Corporate transparency
For decades scandal after scandal has demonstrated that anonymous shell companies have been used to divert public funds, channel bribes and ill-gotten gains as part of cross border corruption and money laundering schemes.
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Video
“Off-Grid Workflow” for AML and CLM
It is extremely rare to find an organisation at can claim that its CLM and AML processes have become more efficient and cost-effective over the last ten years.
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Video
DeFi Technologies will change banking forever - Decentralised Finance and New Frontiers for Blockchain
In the minds of many, blockchain technology – the use of encrypted blocks of data to create a shared ledger of activity – is synonymous with cryptocurrencies such as Bitcoin.
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Video
Block… Change? Blockchain and the transformation of compliance
The financial services industry has spent the last decade warily eying Blockchain technology as a challenger to conventional ways of ‘doing money’ and as a potential risk to pre-existing regulatory norms.
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Video
Unlocking Crypto Crime – there is no such thing as Crypto currency crime. A presentation by Nick Furneaux
Regulators and financial crime compliance professionals have begun to grasp the concepts behind blockchain technology, cryptocurrencies and other virtual assets.
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Video
Brexit means…Will the UK and EU keep aligned on financial crime?
At the end of 2020, the transition period for the UK’s departure from the EU came to an end. Prior to Christmas, the UK and the EU had finalised a trade agreement that included clauses about both parties’ commitment to international financial crime standards.
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Video
Reshaping the Future, Planning- Compliance Priorities in Uncertain Times
The recent public health crisis has focused compliance professionals’ attention on making financial crime frameworks responsive and resilient in the face of an uncertain operating environment.
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Video
A world in Crisis. How has COVID-19 transformed financial crime – and our response?
The COVID-19 pandemic has completely changed what we think of as ‘normal life’.
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News
Hungarian authorities dismantle €8million VAT ‘invoice mills’ fraud scheme
An organised criminal group that used “missing traders” to fraudulent claim €8.2million has been dismantled by the Hungarian National Tax and Customs Administration, Europol announced yesterday.
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News
International Compliance Association announces new Global Practitioner Advisory Board
The International Compliance Association has announced the members of its new Global Practitioner Advisory Board.
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Q&A
FinCrime Job Focus: Nina Kerkez, Director, Consulting, UK & Ireland, LexisNexis Risk Solutions
In our latest reader-submitted Q&A, Nina Kerkez talks about her pride in helping vulnerable people
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News
Ernst & Young drops appeal against $10.8m penalty to laundering whistleblower
Ernst & Young (EY) has dropped its appeal against the United Kingdom’s High Court awarding former partner and whistleblower Amjad Rihan $10.8m (€9.08m) in compensation.
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Video
Financial Crime: Tackling A Growing Threat. A conversation with Sir Rob Wainwright
Financial Crime is a trillion-dollar global industry that allows criminals and corrupt elites to protect their illegal gains.
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News
Online gaming association calls for ‘decisive action” in money laundering investigations in Malta
An association of iGaming companies based in Malta has called for “clear and decisive action” to hold money launderers in the industry accountable following a series of scandals in recent weeks.
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News
French government updates AML action plan
The French government has outlined measures to increase anti money laundering (AML) supervision and boost corporate transparency in an updated action plan.
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News
UK solicitors watchdog warns of real estate vendor fraud trend
A solicitors’ watchdog in the United Kingdom has alerted law enforcement bodies to a trend in real estate vendor fraud, in which homes are sold without the knowledge of the owners.
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Blog
Time for Biden to impose AML requirements on investment advisers?
Recent media reports have suggested President Joe Biden may revive attempts to apply Anti-Money Laundering requirements to investment advisers. David Katz and J. Keith Ausbrook argue that such a move would strengthen the United States financial system.