More From Financial Crime – Page 19
-
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.
-
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.
-
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.
-
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.
-
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.
-
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
-
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.
-
Video
Regulatory Focus
Regulatory Focus with Michelle Crotty, Chief Capavility Officer at Serious Fraud Office
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
Video
A Step into The Regulatory Unknown
Almost two decades on from the al Qaeda terrorist attacks (9/11) the Financial War on Terrorism continues to gather pace following the introduction of a series of international counter-terrorism financing legislative provisions
-
News
Trump-appointed regulator proposes rule to compel banks to lend to “unpopular” businesses
A US regulator has proposed a new rule aimed at compelling banks to lend to “unpopular” businesses such as oil businesses and gun manufacturers.
-
Sponsored
Resilient risk management for the FinCrime professional in today’s new normal (sponsored)
Financial crime has increased substantially since the outbreak of the pandemic. Regulated firms are being attacked on all fronts and criminals are getting more sophisticated, with an increase in criminal scams and laundering activity associated with this crisis. As if they weren’t already, compliance teams face challenging times ahead. In this article, NorthRow discuss how FinCrime professionals can build resilient risk management processes in whatever passes for today’s new normal.
-
Blog
A single AML supervisor and rulebook might just be what’s needed to drive true collaboration in Europe
As European finance ministers agreed to progress plans for a major reform of anti-money laundering regulation in the European Union, Nina Kerkez outlines the likely benefits and challenges.
-
Feature
We need to talk about the EU’s ambitious AML reform plan
The European Commission’s reforms for anti-money laundering, including a single rulebook and supervisor, have been enthusiastically backed across the continent and draft plans approved by finance ministers.
-
Blog
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