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High-end money laundering via property or assets and trade-based money laundering (TBML) have been prominent financial crime risks for some time now. As they continue to grow in complexity, however, they remain among the biggest risks financial institutions have to […]
3 minute read
Transaction monitoring rules play a crucial role in anti-money laundering and countering the financing of terrorism (AML/CFT) compliance, as a practical way to detect patterns of suspicious behavior that may indicate a financial crime risk. When building and implementing transaction […]
6 minute read
The current landscape of financial crime compliance is characterized by an innovation paradox: the simultaneous pressure to adopt cutting-edge technology while navigating a fragmenting global regulatory map. During a Chatham House roundtable discussion, I sat down with ten senior financial […]
4 minute read
The fight against financial crime is far more than a regulatory to-do list or an exercise in technical excellence. Fundamentally, it is a co-ordinated response to human problems and behaviors rooted in vulnerabilities and systemic loopholes. In a frank and […]
5 minute read
With human trafficking now estimated to be a global industry worth up to $498 billion, financial institutions (FIs) have a crucial role to play in dismantling the networks that exploit the vulnerable. Speaking as part of our CATALYST global event […]
5 minute read
The landscape of financial crime is shifting at an unprecedented rate. AI-enabled financial crime has seen a huge increase, estimated at 900% in some quarters. As criminals leverage automation and sophisticated social engineering to bypass traditional defenses, compliance functions can […]
7 minute read
Financial institutions (FIs) have strong regulatory and financial incentives to address the $1.6 to $3.6 trillion in illicit funds circulating through the financial system annually. However, there is also a strong ethical dimension to this fight – behind the vast sums […]
6 minute read