Can collaboration & technology help remedy the Dutch money laundering crisis?
The Netherlands is widely regarded as one of the most peaceful and law-abiding nations on earth. The Dutch are very rarely exposed to violent crimes of any sort. Even the modern specter of terrorism has a very low threat
The dark art of money laundering
The art business is not only lucrative but also a target for unscrupulous individuals that seek to launder illegally-attained money. In 2018, the business had an estimated turnover of $67.4 billion making it one of the most thriving global
Money laundering goes back to school
Are Britain’s private schools and colleges being used to launder the proceeds of crime? The National Crime Agency certainly fears so: last year its economic crime unit warned the UK’s independent schools were regarded as easy pickings
The Laundromat: Greed, for want of a better word, is everywhere
Modern limited liability companies were created by New York State in 1811, and the concept took the US and then the world by storm. Before limited liability, shareholders were on the hook personally - even to the
Dope demand means US banks get high in risk
The number of US banks servicing marijuana-related businesses (MRBs) is surging. This lucrative clientele come with higher risks that banks will need to manage carefully, regardless of proposed laws designed to help. But sophisticated technology could also
Addressing the AML risks of cryptocurrencies
With the recent explosion in cryptocurrencies, from the early beginnings of Bitcoin back in 2009 through to J.P. Morgan testing their own digital coins for institutional clients in 2019, there still remains serious unanswered questions about the
A cautionary tale of banking in Tanzania and the dangers of inadequate KYC
It's never good news when a central bank is forced to issue a fine on a major bank in a country. But when the fine is on not one, but five major commercial banks, all for the
ACAMS 2019 Vegas: The Inside Track (Day 2)
As the ACAMS annual AML & Financial Crime Conference enters its third and final day in Las Vegas, we take a quick look at what you might have missed from day two. You can still catch up
ACAMS 2019 Vegas: The Inside Track (Day 1)
ACAMS largest event, the 18th Annual AML & Financial Crime Conference is currently in full swing at the Aria Resort & Casino in Las Vegas, Nevada. With over 2,500 prominent anti-financial crime professionals, law enforcement investigators, regulators,
Arachnys and FICO Partner to Aid Financial Organizations in Managing Corporate KYC Requirements and Accelerating Compliance Processes
Partnership integrates Arachnys' Enterprise Risk Platform with FICO® Siron™ KYC solutions to enhance customer lifecycle management. BENSHEIM, Germany, Sept. 18, 2019 / Arachnys -- FICO, a leading analytics software firm and provider of financial crime compliance solutions, today announced a partnership with
Arachnys’ innovation into our next decade
Harry Waye and I founded Arachnys almost a decade ago. Primed by my experience conducting investigations in Russia and other opaque jurisdictions, we initially focused on the discoverability and automation of access to deep-web and other data