Experts have welcomed a Financial Action Task Force report highlighting new technologies that can help fight financial crime. The task force emphasised how advances — such as customer due diligence tools, artificial intelligence and blockchain — can make anti-money

How can banks best apply technology to help with their financial crime compliance processes, particularly when the rapid advancement in the space? AML RightSource Creative Director Elliot Berman sat with CEO Frank Ewing and Head of Product David Buxton at

“Incremental” is a word that is often used to describe the pace of AML/CTF reforms in Australia. The release in 2021 June of the latest Tranche 1.5 by the AUSTRAC is emblematic of the glacial pace at which reforms

Of all the environmental crimes, illegal logging (including illegal land clearing) is understood to be the most profitable. The illegal timber trade is said to account for up to 90% of tropical deforestation in some countries and attracting the

Turning 18 is a landmark birthday – it is supposed to be the age when we emerge into the adult world, all grown up and ready to play our part. In practice, of course, most of us still have

Financial crime’s movement online is not a new phenomenon. Since the internet’s arrival, subsequent boom, and the remarkable increase of technological capabilities from then on, criminals have altered their tactics to maintain fraudulent activity on the web. And no

When it comes to fighting financial misconduct, open banking has a light and a dark side. It has the potential to help fight criminals, and to be exploited by them. If banks and financial technology firms (fintechs) are alert to

More and more lives and behaviours are migrating online and into the digital sphere, from socialising and working to how finance is accessed and used. Developments in technology such as Artificial Intelligence (AI) combined with non-face to face forms

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

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

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

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

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

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

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