State of Financial Crime 2023 Report

PEPs

Eva Kaili, one of the European Parliament’s 14 vice presidents, was among five arrested on bribery and corruption allegations during a probe by Belgian authorities. Investigations have uncovered a web including Kaili’s partner, former politicians, and NGO decision-makers. Nineteen or […]

The US has expanded its sanctions regime against Nicaragua with six officials connected to the Nicaraguan government being targeted, including the country’s Minister of Defense, and telecom and mining executives.  The move comes as Nicaragua inaugurates its new President and […]

Pandora paper leak

In October 2021 the International Consortium of Investigative Journalists (ICIJ) published the results of an explosive investigation known as the Pandora Papers More than 600 journalists from across 117 countries including from the BBC, The Washington Post, and The Guardian, […]

More than 11.9 million confidential files have been released that expose the secret wealth and offshore dealings of the rich and powerful in what’s been called the “biggest trove of leaked offshore data in history”.  Making headlines across the globe, […]

OakNorth bank AML

The Outcomes ComplyAdvantage’s comprehensive data coverage means OakNorth Bank is now able to use one single platform to onboard and monitor customers against all relevant databases. The solution’s customizability has made it easy to configure search algorithms and select the […]

The United States 2020 elections were record-breaking for a multitude of reasons. They were the first full US elections to take place during a pandemic and due to mail-in voting, turnout surpassed the previous presidential election before in-person voting began. […]

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.

Cryptocurrency Transaction Monitoring

Cryptocurrencies (also known as virtual assets) are introducing new possibilities for users across the financial landscape but are also disrupting the way regulators and financial institutions deal with criminal threats such as money laundering and the financing of terrorism. Discover […]

By tailoring screening to their risk-based approach and safely whitelisting false alerts at onboarding, Holvi has cut the time they spend remediating false positives in half.

Managing your client relationships with politically exposed persons (PEPs) is a high-priority issue for any compliance officer responsible for this high-risk area of the business. Managing PEPs in Practice Despite the importance of these relationships for any financial institution (FI), […]

PEPs screening

Politically Exposed Persons (PEPs) Screening Best Practices Fighting financial crime committed by political figures starts with identifying them. It’s easy to identify a head of state or key members of a legislature, but there are many politicians in the world […]