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A Copernican revolution in culture and conduct risk management
In partnership with Starling, authors Stephen Scott, Martin Wheatley, Mirea Raaijmakers, and Nicholas Christakis explore culture and conduct risk management and how successfully addressing this focus will require a “Copernican Revolution” in thinking, overturning three biases that mark the...
Financial crime — lifting the veil on the true economic and humanitarian cost
The true cost of financial crime extends far beyond pure economics. Critical social and humanitarian consequences impact the lives of millions of individuals across the globe on a daily basis. When viewed in its entirety, can we ever really quantify the cost of this so-called ‘victimless’ crime?
Are cryptocurrencies playing into the hands of money launderers?
As the global use of cryptocurrencies continues to gather momentum, this Expert Talk examines what the potential risks and implications for compliance professionals are and how they can stay a step ahead.
Iran and P5+1 JCPOA rendered fragile on the second year of implementation
This article takes a look back at 2017, the second year of implementation for the Iran and P5+1 Joint Comprehensive Plan of Action (JCPOA), was a mix of highs and lows especially for Iran and the U.S.
A roadmap to the US OFAC sectoral sanctions and the 50% ownership rule
A look at the timeline of these special OFAC sanctions and how the 50% aggregate ownership rule works in practice.
Indonesia corruption trends and outlook
Expert talk: From political individuals to private corporations
Synergies between money laundering, corruption and shell companies
Examines the clear synergies between money laundering, corruption and shell companies, which have always been known about but hard to prove.
Africa on the rise — knowing who your customers are will be essential to success
Twenty-first-century technologies and increasing demand for raw materials and natural resources have heralded great opportunities in Africa. However, in order to invest successfully you first need to Know Your Customer (KYC).
Identifying the UBO — the challenge of finding the needle in the haystack
There is an increasing expectation on companies worldwide to understand who they are ultimately doing business with and the transparency of company ownership and control have always been a focal point under Anti-money laundering (AML) and Countering the Financing of Terrorism (CFT) legislation.
Sanctions compliance — the importance of screening
How do manage third party risk, and ensure you're not doing business with a designated person or an entity which is owned or controlled by a designated person? This article gives some practical tips.