Most Popular Content – Page 85
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VideoStriking 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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VideoThe 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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VideoThe Risks in Asia’s Fintech Paradise. Can the region grow and fight financial crime?
The Asia-Pacific region is undoubtedly home to some of the fastest growing and most innovative Fintech markets, with rapidly advancing customer adoption rates in developing and developed economies alike.
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VideoKeynote: ‘Everyone Is Doing Badly’: AML After 30 Years - A Conversation with David Lewis, Executive Secretary of FATF
In 1989, the Group of Seven leading industrialised nations formed the Financial Action Task Force (FATF) to create international standards in Anti-Money Laundering (AML).
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VideoEffective Financial Crime Risk Management. How do we evidence what we are doing in AFC is actually effective?
We have started to see a shift in the AFC community, as the pressure from regulators for firms to achieve good outcomes in financial crime prevention increases. There is likely to be greater focus on how outcomes are measured and how confident firms are that their controls are effective at tackling financial crime.
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VideoCase Study: The Role of Digital Behavior in Identifying Mule Accounts
Money mules have become a modern day gold rush for cybercriminals.
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VideoSpotlight: Modern Slavery. A Conversation with Andrew Wallis OBE, CEO of Unseen
Many of us living in developed economies have liked to believe that slavery is a thing of the past. But we are coming to understand that it remains a very modern reality; one that blights the lives of 40 million men, women and children across the globe and creates criminal profits only rivalled by counterfeit goods and illegal narcotics. Shockingly, human misery is once again one of the biggest of global businesses.
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VideoTechnological Promises, Criminal Realities. A conversation between Julian Dixon and Oliver Bullough
In the past decade, the ‘Regulatory Technology’ sector, or ‘RegTech’, has developed quickly in response to the need to manage existing financial crime risks better, enabled by the growing capacity and capability of evolving technologies themselves.
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VideoThe Fraud Pandemic Predicting the next wave. A presentation by Onfido.
In the last twelve months, the world has faced two pandemics. In the wake of Covid-19 has come a significant increase in digital fraud. Although much of that fraud has continued via what we now see as ‘traditional’ routes - such as phone, text and email - it has spread into the wider digital spaces of the internet, encouraged by social restrictions that force so many of us to live our lives largely online. But, is this change here to stay? Or will the landscape return to normal as vaccines roll out worldwide.
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VideoTransforming Compliance into Risk Management. A presentation by Michael Rasmussen
Regulators consistently talk about the need for a ‘risk-based approach’ to financial crime, and many organisations have created ‘risk management’ functions to complement, and in some cases replace, legacy compliance functions. This shift is based on a recognition that it is not just what you do, it is how you do it that matters. Financial criminals are agile and reflexive, and those that seek to stop them need to be so in response.
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VideoThe transparency illusion- UK companies and the Beirut Explosion
The explosion in Beirut was allegedly the largest non-nuclear explosion in history. But it has since emerged that the cause of the explosion was Ammonium Nitrate owned by a dormant UK company.
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VideoDue Diligence in the Age of Digital ID. A Revolution in Anti-Financial Crime?
Knowing and trusting who customers are is the primary responsibility of due diligence.
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AnalysisThe key theme: focusing effectiveness on tackling financial crime
Regulators, government departments, private businesses and law enforcement agencies carry out a huge amount of activity every single day to combat financial crime, but how much of it is actually effective? How do we measure and improve our effectiveness? Next month’s FinCrime World Forum global live stream experience will feature several sessions on this topics. To get you in the mood, Matthew Redhead explains the key issues and argues for a systemic approach
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AnalysisMeasuring effectiveness: the $64,000 dollar question
How we define, measure and ultimately improve effectiveness is becoming a major topic in the world of financial crime. Ahead of her appearance at FinCrime World Forum, Gemma Rogers argues for a change in thinking in the sector.
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AnalysisKeynote: Tackling the devastating impacts of wildlife trafficking
John Scanlon has been leading the charge to tackle wildlife trafficking and in June he will talk about the issue at FinCrime World Forum. Here, he explains how he is campaigning for a change to a key United Nations Protocol and how the Covid-19 pandemic has shone a spotlight on the issue
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Analysis‘AML is the least effective anti-crime measure anywhere, ever’
Outcomes scientist Dr Ron Pol has been ruffling feathers with his strong criticism of current anti money laundering (AML) frameworks. Ahead of his appearance at FinCrime World Forum next month, he argues current thinking is not working because it has no basis in effectiveness and outcomes science.
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AnalysisStablecoins, Central Bank Digital Currencies and the future of digital money
Governments across the world are looking at setting up Central Bank Digital Currencies as a way of competing with ‘traditional’ cryptocurrencies and improving control. Experienced financial crime investigator Ari Redbold, ahead of his appearance at FinCrime World Forum, explains how he sees the future shaping up
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AnalysisTackling Europe’s underground laundering networks
Burkhard Mühl is the head of Europol’s new European Financial & Economic Crime Centre and a speaker at FinCrime World Forum in June. Weeks after an influential Europol report shed light on the complexity and scale of laundering in Europe, he tells GRC World Forums of his plans to step up the fight against financial crime.
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AnalysisThe key theme: Aligning RegTech to FinCrime realities
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
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AnalysisPooling obligations through fincrime utilities can help us be the ‘gatekeeper’
Helene Erftemeijer, ahead of her talk to GRC World Forums next month, discusses an innovative collective transaction monitoring project in the Netherlands and why we must break down siloes to keep up with the criminals
