Artificial intelligence: Reducing the AML Compliance Burden

Artificial intelligence: Reducing the AML Compliance Burden

How did we get here? Since 9/11 financial institutions have made enormous investments in their anti-money laundering compliance programmes, but they are still faced with manual processes and complexities in complying with financial crime regulations. “One would be...

read more
Money Laundering in a Digital Age – The Perfect Storm

Money Laundering in a Digital Age – The Perfect Storm

The new Black With the rapid advancement of mobile technologies, the internet is now accessible from any- and everywhere. Open banking (PSD2) in the European Union, together with mobile wallets, instance payment initiatives and cryptocurrencies offer...

read more
Demystifying blockchain: what it means for KYC

Demystifying blockchain: what it means for KYC

Hardly a day goes by without a news item concerning the use of cryptocurrencies for money laundering. In June the Financial Action Task Force (FATF) told countries to tighten oversight of cryptocurrency exchanges amid growing concern among international law...

read more
Trade-based Money Laundering – and How to Combat It.

Trade-based Money Laundering – and How to Combat It.

With international trade valued at approximately US$ 16 trillion per annum, it provides ample scope for money laundering. According to the International Narcotics Control Strategy Report (INCSR) hundreds of billions of dollars are laundered annually by means of...

read more
Brexit Countdown: The impact on AML!

Brexit Countdown: The impact on AML!

The European Commission’s fifth Anti-Money Laundering Directive entered into force on 9 July 2018 and Member States have until 10 January 2020 to transpose the majority of its provisions. Its main aim is to establish a centralised public register of companies and...

read more
The Global Laundromat

The Global Laundromat

Transparency campaigners dismayed at clean bill of health for UK government On Friday, 7 December the Financial Action Task Force (FATF), a G7 initiative to combat money laundering and terrorist financing awarded the UK the highest rating it has ever given. The move...

read more
Broadening the scope of AML

Broadening the scope of AML

Preparing for the European Union Sixth Money Laundering Directive Anti-money laundering (AML) law is constantly evolving. And necessarily so, given the increasingly sophisticated methods and technologies that criminals and terrorists use to move illegally earned funds...

read more
Bitcoin vs. Fiat, Time for the New Wine

Bitcoin vs. Fiat, Time for the New Wine

Bitcoin vs. fiat is more than an academic argument. It’s a fierce battle between a manipulated monetary regime and one of honest weights and measures. It’s time for you to envision the benefits of a decentralized, non-manipulated monetary system.   Out of...

read more
Blockchain and the Battle Against Corruption & Fraud

Blockchain and the Battle Against Corruption & Fraud

Corruption, embezzlement, fraud, these are all characteristics which exist everywhere. It is regrettably the way human nature functions, whether we like it or not. What successful economies do is keep it to a minimum. No one has ever eliminated any of that...

read more