The Baltic countries – Latvia, Estonia and Lithuania – have rapidly become fintech hubs, making them increasingly attractive destinations for founders launching a startup or firms expanding from other parts of Europe. However, the Baltics have a complex geopolitical history, […]
Increasing pressure from the US could result in additional sanctions being imposed on Myanmar, a US diplomat has confirmed. “All options are on the table, and I think it is our responsibility not just as the US, but as the […]
Digital banks don’t face fundamentally different typologies or risk profiles to other financial institutions. However, their digital-first approach, rapid growth rate and focus on seamless onboarding can make them appealing targets for money launderers. Here, we explore the top typologies […]
HTB is working to stay ahead of the rapidly evolving financial crime landscape, and the growing sophistication of fraudsters. To support this work it was looking for a transaction monitoring and screening solution that would meet the needs of its growing customer base while safeguarding the bank’s reputation.
Germany has urged the US Congress not to impose sanctions on the Nord Stream 2 gas pipeline, saying that any moves against the pipeline will be in breach of a previous deal. The move follows the blockage of the annual […]
Federal authorities in the US are hunting a scam artist who allegedly sold luxury vehicles online to car dealership owners who never received them, and laundered thousands of dollars through a Cincinnati casino. Ismail Shalash sold vehicles to dealerships across […]
A top executive at Malaysia’s central bank has warned that increasingly sophisticated financial tools and products are creating new and growing challenges for the country’s anti-money laundering, combatting the financing of terrorism and proliferation financing (AML/CFT/PF) measures. Bank Negara Malaysia […]
By Neil Acworth, Head of Security Engineering Enthusiasts of space exploration will be familiar with NASA’s infamous Mariner 1 space probe. Launched in 1962 to great fanfare, within five minutes it had veered off course and had to be destroyed. […]
On July 1st 2020 Dr Marcus Pleyer (Federal Ministry of Finance) assumed the presidency of the Financial Action Task Force (FATF) on behalf of the Federal Republic of Germany. The FATF’s planned areas of focus during its two year German […]
It has been estimated that 100bn euros is laundered by criminals in Germany every year. Whatever the true scale, this figure doesn’t just include the well-publicized examples of large-scale transactions moving through international banks. It also refers to the proceeds […]
The way in which we interact with our banks has changed significantly over the past decade. Financial Technology firms (FinTechs) have enabled greater flexibility, not only in our choice of banking provider, but also in terms of how we access […]
The buy now pay later (BNPL) credit market is growing rapidly. Research suggests that up to 42% of global credit customers are interested in BNPL products while in the US alone, customers are expected to make almost $100 billion in […]
EN