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The State of Financial Crime 2024: Download our latest research

The Americas

HIFCA (high intensity financial crime area)

In the United States, geographic locations that present a particularly high risk of money laundering and financial crime may be designated High Risk Money Laundering and Related Financial Crime Areas, also referred to as High Intensity Financial Crime Areas (HIFCA). […]

Foreign Corrupt Practices Act

The US Foreign Corrupt Practices Act (FCPA) is a federal law intended to prevent US citizens from bribing the government officials of foreign countries. The FCPA was enacted by Congress in 1977 in response to revelations by the Securities and […]

BIS entity list

The Bureau of Industry and Security (BIS) list, also known as the ‘BIS Entity List’, sets out the specific foreign persons (including businesses, research institutions, government organizations, and other legal entities) that are subject to US government licensing and sanctions […]

High Intensity Drug Trafficking Areas (HIDTA)

High-Intensity Drug Trafficking Areas (HIDTA) are designations made by the United States government for areas of the country that experience a particularly high volume of drug trafficking. HIDTA programs are intended to help law enforcement agencies in the fight against […]

US challenger banks compliance: American flag on pole

In a changing financial landscape, challenger banks are disrupting the space occupied by traditional banks and financial institutions by offering an array of innovative digital services delivered online. In the United States, recent uptake of challenger bank services has been […]

OFAC Sanctions Fines And How To Avoid Them International sanctions are a vital part of the global fight against money laundering and the financing of terrorism.  In the United States, economic sanctions are implemented by the Treasury’s Office of Foreign […]

US Sanctions

Sanctions are an important component of the United States’ approach to foreign policy and are employed to help the US government achieve diplomatic objectives and punish violations of international law around the globe. The US sanctions system is complex and […]

AML Requirements Canada

How AML Requirements in Canada Affect Fintechs Canada is the second-largest financial destination in North America after the United States and hosts diverse business interests from across the world including commercial fintech service providers. While Canada has a developed a […]

Canada has a history of underperformance with respect to following Anti-Money Laundering (AML) and Anti-Terrorist Financing (ATF) best practices, but the country has consistently improved to close the gap. Based on the findings of FATF’s most recent mutual evaluation, it […]

Bank Secrecy Act - BSA

What is The Bank Secrecy Act (BSA)? The Bank Secrecy Act (BSA) is the United States’ most important anti money laundering regulation: banks and other financial institutions must ensure they meet the compliance obligations it involves. Introduced in 1970, the […]

Increased enforcement efforts are shining a spotlight on anti-money laundering (AML) sanctions compliance. Firms increasingly must elevate their game to keep pace with regulators’ demands while still providing their customers with exceptional service — which means fast and frictionless service. […]