Head of Financial Crime, Livia Benisty shares her financial crime highlights from the week that’s past. Standard Chartered fined for sanctions violations, again The bank will pay $1.1 billion to four US supervisors and the British FCA. Different articles suggest…
Swedbank scandal sweeping across all media – The Weekly Round-Up
All eyes on Swedbank Swedbank has been the focus of breaking news stories every day this week. There have been two reports into potential money laundering activity at the bank. On Wednesday, it was announced US regulators have launched multiple…
Global Watchdogs Take On Financial Crime – The Weekly Round-Up
Head of Financial Crime, Livia Benisty shares her financial crime highlights from the week that’s past. Regulators around the world were hard at work last week putting in place initiatives to strengthen financial crime controls: Congress put forward three new…
Financial Crime Highlights: 11th – 15th March
Head of Financial Crime, Livia Benisty shares her financial crime highlights from the week that’s past. The UK government has been busy this week; of course I’m referring to reviewing and commenting on the existing financial crime arrangements and not…
Latest Laundromat leak brings more banks into the fold
Head of Financial Crime, Livia Benisty shares her financial crime highlights from the week that’s past. 1. Latest Laundromat leak brings more banks into the fold The latest release from the Organized Crime and Corruption Reporting Project shows again how a…
Post-Brexit: 5 topics on the UK’s economic crime agenda
Brexit will have an impact on the UK’s approach to economic crime. It will release the UK from future EU directives and allow it to set its own economic crime agenda. As Brexit approaches, we summarize what the UK Government…
Financial Crime Highlights: 25th Feb-1st March
Head of Financial Crime, Livia Benisty shares her financial crime highlights from the week that’s past. 1. EU Commission defeated over money laundering watchlist. Turns out the US Treasury weren’t the only ones who didn’t like the blacklist. 27 out…
Oh FUD! FATF gets tough on virtual assets and their service providers
Back in October 2018, the Financial Action Task Force (FATF) provided a definition of “virtual assets” a.k.a. cryptocurrencies and said they would produce guidance in June 2019 on how to treat these. Last week, at their February Plenary the group…
The UK receives its FATF Mutual Evaluation
Love it or hate it – the UK receives its FATF Mutual Evaluation The Financial Action Taskforce (FATF) Mutual Evaluation of the UK has been hotly anticipated. Delivered last Friday, it gives a generally positive review of the UK’s financial…
How can we keep crime out of cryptocurrencies?
Decrypting crypto risk – how can we keep crime out of cryptocurrencies? Europol recently released the fifth edition of its “Internet Organised Crime Threat Assessment”. The Assessment makes a statement that shouldn’t come as a surprise; criminals continue to…
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