aml Tag

Before 2020, illegal wildlife trafficking (IWT) was a relatively low priority area for law enforcement and financial crime task forces. Like the rest of the public, AML professionals too had bigger priorities, like organized crime, narcotics, and human trafficking,

For finding niches to exploit, financial criminals are experts. Much attention can be drawn to the use of small businesses as fronts, including barber shops or car washes as popularised by television serials, or indeed through larger institutions such

Experts have branded failures in the US real estate anti-money laundering (AML) regime ‘madness’. They predict legislation is inevitable, and that rules and regulations will extend to cover real estate professionals. An unfavourable report on real estate geographical targeting orders

Financial gain is a gamble that can pay off for opportunistic criminals, and it is evident that the lucrative gambling industry has been a major target for money launderers for a long while, particularly in the UK. It is an

Correspondent Banking has been defined by the FATF (Financial Action Task Force) as “…the provision of banking services by one bank (the “correspondent bank”) to another bank (the “respondent bank”)”. Larger international banks usually act as correspondents for smaller

As a commodity synonymous with exuberant sums of money, gold has long been a glittering opportunity for financial criminals. Not only an attractive proposition at face value, digging deeper it’s also noteworthy that the trafficking of gold is, remarkably,

The EU (European Union) has had its share of recent money laundering challenges and scandals, such as those related to Danske Bank, Swedbank, ABLV and Rabobank and while plans are under way to address shortcomings within the EU, it

An ongoing minefield for financial crime in the UK has been the property market. Whether this includes cheaper for-rent businesses and accommodations nationwide (with university digs being a matter of great concern recently), or high-end properties attracting the crime

Six months and counting. The European Union’s Sixth Anti-Money Laundering Directive comes into effect across its member states on 3 December 2020; regulated financial institutions will then need to be compliant by 3 June 2021. Getting to grips with 6AMLD

A range of scandals and investigations have highlighted the pressing need for tighter anti-money laundering (AML) procedures in Russian banks, including customer due diligence and adverse media screening. Although Russia has made some progress on AML, various investigations have alleged

The illegal wildlife trade may have been perceived as a relatively low-risk avenue of illicit funds by criminal organisations, but never has the detrimental impact of the illegal wildlife trade been more dire than against the backdrop of the