Are grey area NFTs the new source of crypto-concern for AML?
“What does NFT even stand for, anyway?” Perhaps these words have resonated with you the past few months in conversations with colleagues or friends. While seemingly a throwaway josh, it echoes an unfamiliarity that many people working within financial
The FinCrime Files – Q&A with Renata Hoes, Regulatory Compliance Manager at Bitstamp
In this edition of our FinCrime Files interview series, we had the pleasure of catching up with Renata Hoes. We first spoke to Renata in June of 2020 when we she was Chief Compliance Officer at MFEX Luxembourg, and
The shift towards adopting continuous KYC
Over the past two years we’ve seen a rapidly growing shift in the financial services industry towards creating a continuous KYC approach, moving away from traditional periodic reviews. With regulators increasing pressure on financial institutions to enhance their KYC
The Private Investment Industry Should Turn Its Focus to Anti-Money Laundering Compliance
Last summer, the Federal Bureau of Investigations (FBI) stated in a leaked intelligence bulletin that they believe that nearly $10 trillion in private investment funds are being used as vehicles for laundering money. Despite these concerns, when the Anti-Money
How can AML analysts effectively make the most of alternative data
Part of an AML analysts’ workload involves the scrupulous investigation of ‘suspicious activity’ that could pass through a financial institution and be alerted through their internal systems. One way in which an analysts’ life can be made easier is
Integrated Review’s illicit finance pledges are limited, but banks can help
The UK’s long overdue Integrated Review includes welcome plans to track down economic criminals. Too many of these criminals are still going undetected, due to a lack of resources and focus. But some say the review lacks detail and
Why China’s Belt & Road initiative faces overwhelming odds in its fight against corruption
The Belt & Road Initiative (BRI) needs no introduction. Started in 2013, the Chinese infrastructural development project had come to embody its parent nation in many ways – audacious in scale, problematic from a wide range of perspectives, yet,