CFT

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 […]

New Zealand’s Ministry of Justice this week invited feedback on possible changes to its AML/CFT Act as the country works to implement recent recommendations from the Financial Action Task Force (FATF). The consultation is part of a review of the […]

The UK has partnered with UAE in a fresh bid to target those financing terrorism and serious and organized crime. The UK-UAE Partnership to Tackle Illicit Financial Flows, announced last week, is part of a new Partnership for the Future […]

Right-wing extremists (RWE) in Australia are raising money through platforms including YouTube, PayPal, and Buy Me a Coffee, a funding platform for creators. A report by the Australian Strategic Policy Institute (ASPI) found that nine channels on Telegram, an instant […]

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 […]

The modern-day terrorism financier is a master manipulator of social media platforms. In part one of this blog, we explored how terrorists use social media. This time, we’ll delve more into some of the questions around mitigating risk and preventing […]

Social media has become one of the most powerful drivers for terrorist funding, and it’s set to stay that way. In part one of this blog on the impact of social media, we discuss the impact that social media platforms […]

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, […]

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: 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 […]