More From Financial Crime – Page 20
-
News
Lagarde hints digital Euro is likely but would take several years due to AML and privacy concerns
Christine Lagarde has said her “hunch” is that a digital Euro will be set up soon but would take up to four years to implement.
-
Q&A
FinCrime Job Focus: Daniel Cohen, chief product officer for anti-fraud at RSA Security
In our latest reader-submitted Q&A, Daniel Cohen describes how he enjoys discussing new ways to fight fraud
-
News
Financial crime caseload productivity ‘stagnated or got worse in 2020’, survey finds
Financial crime caseload productivity stagnated or worsened this year with investigators warning they need more adequate technology, training and investment to keep up with the criminals, research has found.
-
News
Swiss bank Julius Baer agrees to hand over nearly $80m to settle FIFA corruption case
Julius Baer said it has reached an agreement in principle with the US Department of Justice to resolve an investigation into the bank’s role in the FIFA corruption scandal.
-
News
UAE lifts suspensions for 193 law firms but fines seven for continued AML failures
The United Arab Emirates’ Ministry of Justice has fined seven law firms for continued anti-money laundering failures, but lifted suspensions on 193 others.
-
Analysis
Four key FinCrime questions for Biden’s administration
As the world reflects on Joe Biden’s victory, here are a few things to look out for in terms of the impact on the tackling of financial crime
-
Q&A
FinCrime Job Focus: Mike Hampson, CEO, Bishopsgate Financial
In our latest reader-submitted Q&A, Mike Hampson argues that the banking sector needs to improve collaboration to tackle financial crime
-
Blog
Germany’s proposed AML law: what it would mean for compliance professionals
Germany’s draft anti-money laundering law would widen the definition of money laundering crimes. Oliver Förster explains how this would both ease and add to AML compliance workloads
-
News
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.
-
Blog
Germany unveils tough new AML law in bid to boost prosecutions
The German government has adopted draft legislation aimed at boosting money laundering prosecutions.
-
News
UK Treasury Committee announces fresh inquiry into financial crime
An influential cross-party group of lawmakers in the UK has launched a follow-up enquiry into financial crime following the release of the FinCEN Files last month.
-
News
UAE suspends licenses of 200 law firms for breaching AML regulations
Two hundred law firms in the United Arab Emirates (UAE) have had their licenses suspended for a month by the country’s Ministry of Justice for breaching anti-money laundering rules.
-
Analysis
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.
-
Blog
Understanding the components of illegal wildlife trafficking
High profits and the perceived low risk of being caught makes the illegal wildlife trade attractive to criminals. Paula Krulicki of ManchesterCF explains how anti-money laundering teams should investigate the problem.
-
News
FinCEN fines early Bitcoin mixer operator $60m
The Financial Crimes Enforcement Network (FinCEN) has fined the founder and operator of Helix and Coin Ninja $60m.
-
Q&A
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
-
Feature
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.
-
News
FATF flags Chinese FIU’s lack of powers to tackle AML
China’s decentralised Financial Intelligence Unit system lacks the power to analyse suspicious activity adequately, a Financial Action Task Force (FATF) report has said.
-
News
Leicester textile firms ‘involved in money laundering and VAT fraud’
A network of clothing manufacturers in Leicester has been involved in money laundering and VAT fraud, a BBC investigation has found.
-
Feature
Identifying, verifying and authenticating customers – which tech options will you go for?
Know Your Customer rules are tightening but bank customers increasingly want fast sign-up and quick banking. FinCrime Report looks at some of the identification and verification technologies currently being used to prevent fraud and money laundering in an increasingly complex landscape while ensuring user experience remains positive.