Two brothers, co-founders of a South African cryptocurrency investment platform, Africrypt, have been accused of running off with an estimated $3.6 billion worth of bitcoin from investors. It’s an allegation the founders “categorically” deny. Yet both they and the money […]
A man from New York and a woman from Oklahoma have been arrested for allegedly obtaining a Paycheck Protection Program (PPP) loan under false pretenses and laundering nearly $1 million, US officials announced on June 11, 2021. According to the […]
A man from Las Vegas, Nevada, has been sentenced to 15 months in prison for helping Chinese gamblers bypass currency conversion limits. According to a June 3 statement by the US Attorney’s Office for the Southern District of California, he […]
Cyber Crime in North Korea: What You Need to Know An isolated and heavily restricted totalitarian state, North Korea engages in a range of cyber activities that violate international law, including conducting illegal cyber operations around the world. Ongoing international […]
In the United States, geographic locations that present a particularly high risk of money laundering and financial crime may be designated High Risk Money Laundering and Related Financial Crime Areas, also referred to as High Intensity Financial Crime Areas (HIFCA). […]
High Intensity Drug Trafficking Areas (HIDTA) are designations made by the United States government for areas of the country that experience a particularly high volume of drug trafficking. HIDTA programs are intended to help law enforcement agencies in the fight […]
IPT Africa’s compliance team can now make informed decisions about client risk, escalate potential high-risk cases, and take actions in real-time, which ultimately shortens the time it takes to onboard new customers.
Join us as we talk to Samantha Sheen, Founder, Ex Ante Advisory and former AML Director, ACAMS Europe to discuss the critical importance of strong adverse media screening and monitoring and why keywords aren’t enough.
Criminals involved in money muling often survive by tricking ‘clean’ individuals with no criminal history but who is ultimately responsible for educating and helping to prevent this insidious form of money laundering: individuals, banks, governments, regulators, social media platforms?
In our annual industry report here at ComplyAdvantage, we explore how technology and geopolitics are set to shape financial crime compliance.
A Year in Review: 2020 AML & Anti-Financial Crime Highlights As we close the books on 2020, we look back on an intense year of sanctions, designations, money laundering, cyber crime, fraud and the key trends in AML & anti-financial […]
AML In The Caribbean: UBOs and Shell Companies In 2016 and 2017, the Panama Papers and Paradise Papers leaks exposed the financial affairs of dozens of multinational companies, politicians, and other high-profile individuals that had been exploiting secretive offshore jurisdictions […]
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