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The State of Financial Crime 2024: Download our latest research

Financial Crime

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 […]

This report will explore the state of financial crime in 2021 so far across three key areas:

Geopolitics and sanctions
Regional regulatory trends
The regulation of cryptocurrencies and innovation in decentralized finance (DeFi)

A Nigerian national living in Oklahoma has been sentenced to four years in prison for operating a money-laundering network that defrauded elderly Americans to the tune of at least $2.5m. Between 2017-2019, Afeez Adebara used online dating websites and social […]

North Korea Cyber Risks

An isolated and heavily restricted totalitarian state, North Korea engages in a range of cyber activities that violate international law, including conducting illegal cyber operations around the world. Ongoing international sanctions against North Korea prohibit a broad range of economic […]

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). Intended to […]

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 […]

IPT Africa’s compliance team can now make informed decisions about client risk, escalate potential high-risk cases, and take actions in real-time, which ultimately shortens the time it takes to onboard new customers.

Image of 2021 Financial Crime Report

In our annual industry report here at ComplyAdvantage, we explore how technology and geopolitics are set to shape financial crime compliance.