Canadian Banks’ Money-Laundering Controls Failed

  "Canada’s top banking regulator has found money-laundering controls at the country’s banks failed on numerous occasions, according to a document obtained by The Wall Street Journal. Between 2009 and 2014, the Office of the Superintendent of Financial...

Enhanced due diligence for the financial industry operating in developing economies

"Anti-money laundering and anti-bribery are two sides of the same coin. This general rule is particularly important in the financial sector, which, given the nature of the business, is especially exposed to financial crimes. In fact, these institutions deal with...

Panel Discussion – Blockchain & KYC Hype to Real Applications

It was a pleasure for me discussing - Blockchain & KYC Hype to Real Applications - with the other panel experts: Roman Stammes, Yana Afanasieva, Robert Engmann and moderator Anne Bailey at the Blockchain Enterprise Days 2019 in Frankfurt Millions of dollars and...

“FinCEN Finalizes Customer Due Diligence Rule Amid Other Actions to Enhance Financial Transparency”

"In the wake of the Panama Papers controversy, the U.S. government has taken major steps this month to promote financial transparency. First, the Financial Crimes Enforcement Network (FinCEN) finalized its proposed rule issued in July 2014 (see client alert,...

Cryptocurrency: Currency of Choice for Money Laundering and Terrorist Financing?

Cryptocurrency is only used in on Darknet and by Criminals! I don’t know a topic that is more misunderstood than cryptocurrency. US regulators unofficially coined the umbrella term “virtual currency” to denote bitcoin and other...

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