State of Financial Crime 2023 Report

CFT

money laundering dollar bills

Money laundering underpins most forms of organized crime by disguising illicitly-obtained financial assets as “clean” and allowing nefarious groups or individuals to profit from illegal activity. While the amount of money laundered globally in one year is estimated to equal […]

Third party money laundering

In the global financial landscape, supply chains are crucial to the delivery of goods and services, with third-party relationships connecting companies and sectors across jurisdictions. The integration of effective supply chains into modern business infrastructure allows firms to acquire resources, […]

The Philippines expands its AML/CFT laws, the US calls for input on new UBO requirements and the UK focuses on regulating stablecoins. We share our financial crime regulatory highlights from the week of 5 April 2021. The Philippines Expands Scope […]

It’s no secret that fighting financial crime depends on knowing your customers. Yet current AML/CFT regulations provide merely a starting point for this. The emphasis regulators place on taking a risk-based approach leaves much to an individual financial institution’s best […]

California Consumer Privacy Act

The California Consumer Privacy Act (CCPA) was signed into law on June 28, 2018, by the California State Legislature and introduces sweeping new privacy laws to protect the personal data of California’s residents. Also known as the California Privacy Act, […]

terrorism

Even small-sized transactions can suffer from out-sized risks. When it comes to terrorism, following the money trail is our best chance of preventing terror attacks before they occur. But that’s a challenge when that trail is composed of small-quantity transactions. […]

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 […]