The increasing risk of money laundering through illegal dog trafficking
Criminals will infiltrate any business that will garner financial gain, or cover up their other illicit activities. We’ve already seen this through fishing, the cattle trade, and through shipments of gold. But while these industries may seem far-flung to
Information Overload: the increased need for Adverse Media Screening
The rise of technology and interconnectedness across the globe has coincided with an exponential increase in data generated over the last few decades. At the enterprise level, unstructured data is currently growing 50% year on year and accounts for
Forced Labor & Covid-19 – What the Future Holds for AML Compliance
Greek myths tell the story of the Lernaean Hydra, a vicious monster with many heads. The serpentine monster was nearly impossible to kill, as its heads would regenerate when chopped off. In many ways, human slavery is like the
Know Your Crypto: How KYC and AML are helping cryptocurrencies go mainstream
Cryptocurrencies have risen up the ranks from being a nascent concept to a legitimate commodity that banks are looking to invest in. So much so, that regulatory bodies have had to adapt to an ever-shifting change in compliance, investigating
The FinCrime Files – Q&A with James Holian, Director, Financial Crime and Controls, NatWest Group
In this edition of our FinCrime Files interview series, we caught up with James Holian who is Director of Financial Crime and Controls at the NatWest Group. Hi James, could you tell us a little about yourself and your current
Post-Brexit UK: a patchwork quilt of sanctions regimes
The UK has launched a new sanctions regime following Brexit, underlining the fragmented nature of the international sanctions framework At the height of the Brexit tensions last year, anti-corruption campaigners expressed concern that the UK might be seen as soft
InsideArachnys – Q&A with German Syroezhkin, Senior Software Engineer
Welcome to InsideArachnys, a series of interviews where we speak to the people behind the Arachnys platform. In this edition, we caught up with German Syroezhkin, one of our Senior Software Engineers in London. Hi German, can you tell us
Know Your Crypto: How KYC and AML are helping cryptocurrencies go mainstream
Cryptocurrency, once dubbed the ‘wild west of money’, is now settling into the mainstream. Even banks are starting to invest in crypto. Like all other money exchanges, crypto is growing up, and this is causing the regulators to listen. In this
Cryptocurrency Exchanges and the Changing Tides of KYC Compliance
Even by cryptocurrency standards, the level of volatility displayed in 2021 has been quite astounding. In late May, a staggering crash wiped out $1.21 trillion in market value across popular currencies including Bitcoin, which experienced a 30% loss in