Elder Financial Exploitation: What You Need to Know Financial exploitation is the misuse of a vulnerable adult’s finances or assets by a third party. Since the elderly are more likely to be isolated or vulnerable to exploitation, they represent an attractive […]
AI and Machine Learning in Financial Crime Technology The fight against money laundering is a huge challenge for financial institutions around the world, and as criminal methodologies grow more sophisticated, so must the AML measures put in place to stop […]
FinCEN Files: What You Need To Know Leaked documents have revealed how financial institutions around the world have been complicit in the movement of trillions of dollars of illegal money. In September 2020, journalists revealed a cache of leaked documents from […]
Environmental Crime and Money Laundering: What is it and What Are the Consequences? Environmental Crime and money laundering poses a threat to both the natural world and to global financial systems, and generates billions of dollars per year for criminals […]
Canada has a history of underperformance with respect to following Anti-Money Laundering (AML) and Anti-Terrorist Financing (ATF) best practices, but the country has consistently improved to close the gap. Based on the findings of FATF’s most recent mutual evaluation, it […]
Money Laundering Through Foreign Exchange Providers Advances in technology have made moving funds to different parts of the world easier than ever and contributed to the growth in money remittance and foreign exchange service providers. The World Bank reports that, […]
Technology, regulation and the future of financial crimeIn our annual industry report here at ComplyAdvantage, we explore how technology and politics are set to shape financial crime compliance. We identify key AML Compliance trends and issues you need to watch out for in 2020.
Anti-Financial Crime in a Time of Crisis Executive Summary We live in an age of crises; ensuring business continuity is no longer a ‘nice to have’ for any firm. It is essential. Financial Institutions in particular are always highly sensitive […]
There has been an expectation that with a cashless society imposed by the global pandemic, the financial crime rate would fall. There was a general belief that at least crime may falter on the physical front as criminals shifted to […]
The illegal wildlife trade (IWT) is a global problem that threatens the survival of many species, from small reptiles and amphibians to large mammals like elephants, rhinoceroses, and tigers. IWT is driven by various factors, including poverty, the demand for […]
Money laundering — the “cleaning” of criminal funds to make them appear legitimate — is big business. According to the United Nations Office on Drugs and Crime (UNODC), the estimated amount of money laundered globally in one year is 2–5% […]
US prosecutors announced on February 7 that they had secured their first criminal conviction resulting from the Panama Papers investigation, which began nearly four years ago. Harald Joachim von der Goltz, a German businessman and former US resident who was […]
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