Skip to main content Skip to navigation

State of Financial Crime 2023 Report

Knowledge & Training


In the wake of the 2008 financial crisis, the US government looked at ways to better regulate the behavior of banks, and to protect consumers.  The subsequent Dodd-Frank Act became one of the most important articles of US financial legislation, introducing new […]

KYC Risk Rating

How a KYC Risk Rating Can Help Your Company If you are involved in the financial or business sectors, it is important to know both what a KYC risk rating is and how you can calculate yours. KYC, or “know […]

Focused image of a globe

Overview of the United Nations Office on Drugs and Crime (UNODC) The United Nations Office on Drugs and Crime (UNODC) was established in 1997 through a merger of the United Nations Drug Control Programme and the Centre for International Crime […]

Counter terrorist financing CTF CFT

Counter Terrorist Financing: The Fight Against Terrorism For more than a decade, terrorist financing has been a prevalent financial crime on which authorities are desperate to crack down. It became a major political issue after the September 11th terrorist attacks […]

KYC remediation

The Importance of KYC Remediation and Why You Should Be Doing It If you are familiar with the financial industry, you have likely heard the phrase “know your customer”, which is often referred to as KYC. KYC is an important […]

FinCEN - Financial Crimes Enforcement Network

What is FinCEN? The Financial Crimes Enforcement Network (FinCEN) is the United States’ primary financial regulator and a bureau of the Department of the Treasury. Working with state and federal law enforcement authorities, FinCEN is responsible for supervising financial institutions […]


FATF and the Prevention of Financial Crime The Financial Action Task Force, or FATF, is one of the most influential and important organizations in regard to combating financial crimes such as money laundering, terrorist financing, and other forms of corruption. […]

Electronic Identity Verification

How Electronic Identity Verification Helps Fight Financial Crime As criminals develop increasingly sophisticated methodologies to launder money, commit fraud, and fund terrorist activities, demand for effective AML/CFT software grows. Financial crime is a global threat meaning that banks and financial […]

AML Anti Money Laundering

Money laundering and terrorist financing (ML/TF) pose a substantial threat to governments and financial institutions. Over the past few decades, increasing measures have been taken across the globe to counter them. In 2022, the EU moved forward in its bid […]

What are sanctions?

To address violations of international law, human rights abuses, and other forms of state-sponsored crime, governments may impose economic sanctions against designated targets around the world. Sanctions cover a range of financial restrictions and prohibitions and  are often deployed to […]

OFAC Sanctions Violations

The Office of Foreign Assets Control (OFAC) is responsible for creating, implementing and enforcing the United States’ sanctions. All parties under US jurisdiction must abide by OFAC sanctions and associated regulations and avoid OFAC sanctions violations. Exemptions to sanction orders […]

OFAC Sanctions

One of the ways the US punishes violations of international law, human rights abuses, and other state-sponsored criminal activities is by imposing economic sanctions against countries, entities, and individuals. The OFAC sanctions regime is implemented and enforced by a dedicated branch of […]