The 101: The extended AML Case Studies
A great read for those studying AML or working in the profession: Full credit to https://www.linkedin.com/in/shailesh-gohel/ for this publication
Useful resources and websites to fight financial crime
Using these tools and platforms provides information, training, and real-time data to help financial institutions, regulators, and law enforcement detect and prevent fraud, money laundering, and other illicit activities. Whether…
Transaction Monitoring 101: Safeguarding Financial Institutions from Financial Crime
Let’s understand the basics of transaction monitoring and why financial institutions maintain them and some building blocks of these systems. Here we are just going through some basics and by…
How to get access to INPI Ultimate Beneficial Ownership information in France
France has taken the step to introduce a reduction in the access to its Beneficial Owner Register as currently administered by The National Institute of Industrial Property (INPI). Announce in…
The 101: FATF – Financial Action Task Force
The Financial Action Task Force (FATF) is an intergovernmental organization established in 1989 by the G7 nations to develop policies to combat money laundering. In 2001, its mandate expanded to…
How Bad actors use NGOs and charity institutions to fund their activity and tips to prevent it
Defining Terrorism The US Federal Bureau of Investigation (FBI) defines terrorism as using violence and intimidation to pursue political, social, or ideological goals. People often associate terrorism with violent acts,…
Unusual Activity Detected in a Customer Account: What to Do Next?
An Investigation into a customer’s account has identified that your customer has been involved in suspicious activity. So what do you do next? Do you exit the customer immediately, raise…
Developing the mindset of an investigator? The traits to be developed to become a good financial crime investigator.
So you are planning to become a fin-crime Investigator or take your fin-crime investigations ability to the next level. Here are a few suggestions which I believe will take you…
CB Payments Limited – slapped for hearing and not listening
A Coinbase business in the UK has been fined for not following a regulatory agreement to beef up its defenses against financial crime. This is the first time something like…
Customer Due Diligence (CDD) in Money Laundering Prevention: Performing CDD and steps taken to Investigate a customer
First defining a customer to a business / organization and why to Investigate them? A customer refers to any individual or an entity engaged in a relationship with a business…