A Guide to Anti-Money Laundering for Crypto Firms

Financial Crime

From regime change in Myanmar and Afghanistan to a spotlight on environmental crime at COP26 and the explosive Pandora Papers leak, 2021 has been another landmark year for compliance professionals.  But what events from this year are likely to set […]

Digital banks don’t face fundamentally different typologies or risk profiles to other financial institutions. However, their digital-first approach, rapid growth rate and focus on seamless onboarding can make them appealing targets for money launderers. Here, we explore the top typologies […]

Federal authorities in the US are hunting a scam artist who allegedly sold luxury vehicles online to car dealership owners who never received them, and laundered thousands of dollars through a Cincinnati casino. Ismail Shalash sold vehicles to dealerships across […]

A former Miami professor and expert on drug cartels and corruption has been sentenced to six months in prison for money laundering crimes totaling around $2.5m.  In 2020 Professor Bruce Bagley, now 75, pleaded guilty to two counts of money […]

What is a global watch list?

Financial sanctions are an important tool in the global fight against financial crime. Governments around the world use sanctions to restrict and prohibit trade with foreign targets as a means to achieve political objectives or punish violations of international law […]

New guidance issued by the Financial Crimes Enforcement Network (FinCEN), the Financial Intelligence Unit (FIU) of the United States, tackles the convergence of ransomware, cryptocurrencies, money laundering, and terrorist financing. The Financial Trend Analysis focuses on patterns and trends in […]

The US Office of Foreign Assets Control (OFAC) has sanctioned four Mexican nationals, accusing them of trafficking fentanyl and other illegal substances into the US on behalf of one of Mexico’s most dangerous criminal organizations. Aldrin Miguel Jarquin Jarquin, Jose […]