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The State of Financial Crime 2024: Download our latest research

Knowledge & Training

Currency transaction report

What is a currency transaction report? When thinking about how financial institutions function, it is crucial to understand the concept and purpose of a currency transaction report, otherwise known as a CTR. A currency transaction report is a report made […]

What is MiFID II?

What is MiFID II, and how has it Affected the European Investment Market One of the most influential laws enacted by the European Union to regulate the investment sector is the Markets in Financial Instruments Directive. This directive, which is […]

FATCA compliance

The effects of the Foreign Account Tax Compliance Act on foreign acounts The Foreign Account Tax Compliance Act (FATCA) is a federal law designed to counter tax evasion in the United States. Introduced in 2010, FATCA imposes a range of […]

European Market Infrastructure Regulation

An Overview of the European Market Infrastructure Regulation (EMIR) Implemented in August 2012, the European Market Infrastructure Regulation (EMIR) was created to stabilize over-the-counter (OTC) markets within EU member states. Why was EMIR introduced? OTC markets facilitate the decentralized trade […]

Dodd-Frank

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

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 your customer”, is an important process that allows financial […]

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

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 in the United States, and it has […]

KYC remediation

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 practice in business and finance, as it allows institutions to ensure that […]

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

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. […]