The UK Financial Intelligence Unit (UKFIU) has published its August guide on how suspicious activity report (SAR) intelligence is being used by law enforcement. The report aims to demonstrate SAR filing best practices, and show what actions are taken in […]
On June 30, 2021, FinCEN published the first U.S. government-wide list of national priorities for anti-money laundering and counter-terrorism financing (AML/CFT) and the Bank Secrecy Act (BSA). FinCEN collaborated with the staff of several offices in the Department of the […]
Geopolitical developments in and around Ukraine, including the invasion of Crimea in 2014, have generated a significant amount of international concern in recent years. Many Western governments have responded to these developments by introducing economic sanctions against Russia and Ukraine. […]
Anti-Money Laundering In Finland Finland has one of the largest per capita economies in the European Union and attracts a range of foreign business interests. As a trade hub, Finland also deals with threats to its financial system as criminals […]
On August 2nd the European Banking Authority (EBA) announced a three-month public consultation on a new set of guidelines for the role, tasks, and responsibilities of compliance officers responsible for anti-money laundering (AML) and countering the finance of terrorism (CFT). […]
Numerous countries have imposed sanctions against Myanmar in response to its government’s violent suppression of pro-democratic movements, institutional corruption, and human rights abuses. Also known as ‘Burma’, Myanmar has struggled with internal conflict since the mid-20th century: after it gained […]
Payoneer Inc. will pay $1.4 million to settle its potential liability for apparent violations of six different US sanctions regimes, the US Treasury’s Office of Foreign Assets Control announced Friday, July 23. Over five years, from February 2013 to February […]
Money Laundering In Germany Germany is the European Union’s largest economy and attracts wealth and investment interests from around the world. Unfortunately, as a business hub, Germany is also a popular target for criminals who seek to exploit its financial […]
One of the largest and wealthiest economies in Europe and the world, Denmark is home to a diversity of business interests including numerous international enterprise organizations. While Denmark’s status as a business hub has contributed to economic growth, it also […]
Technological advancements have improved the ability of firms to detect, prevent, and report nefarious activities. However, the scale and sophistication of financial crime have risen alongside it, leading to a growth in financial crime typologies and predicate offenses. Adverse media […]
Fintech Money Laundering: What You Need To Know Financial technology has transformed the modern financial landscape, harnessing global internet connectivity to deliver innovative new products and services and improve customer experiences. However, the benefits of fintech have been accompanied by […]
Russia Sanctions Many Western governments have issued economic sanctions against Russia as a way to address breaches of international law and human rights abuses. Russia has also been sanctioned for its attempts to undermine democratic elections in the United States […]
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