Money laundering and the illegal wildlife trade: the fight continues
In the first of a two-part article, Amy Guttman takes an in-depth look into the continuing fight against money laundering through the illegal wildlife trade. Global governing bodies, NGO’s and the private sector are stepping up the fight against
Why insurers must get to grips with due diligence and financial crime
Insurers might assume financial criminals such as money launderers do not have them in their sights, but there is no room for complacency. It is true that they represent a less direct means to legitimise dirty money and to
Why mining companies must know their customers – and how to do it
How well do mining companies know their customers and suppliers? Those not engaged with the process around who they work with, could be storing up all sorts of trouble for the future. Mining companies have become accustomed to tough scrutiny
Why banks must remain vigilant of binary options
Beware binary options. Described by one commentator as speculation “on speed”, these contracts have been banned in Europe and are the subject of regulatory action in the US. But unethical and downright illegal brokerages continue to push them on
5AMLD goes live: What the EU’s Fifth Money Laundering Directive brings
Designed to add more teeth to the current EU laws combating the rampant menace of money laundering across the continent, the Fifth Money Laundering Directive (5AMLD) became EU law on 10th January 2020. It includes a host of significant
Is RPA a stopgap in automating complex banking compliance processes?
Robotic Process Automation (RPA) is proven to deliver cost-savings whenever it is used to automate simple processes. However, for more complex banking processes it comes with a warning to avoid over-utilising it, and, the predominant view is that enterprise
How online video games are becoming a safe haven for money launderers
Recently, a very odd news article from China received a lot of coverage in Western online platforms. It was about a lawsuit involving a gamer who had spent over $1.4 million on a single video game character. Video game microtransactions