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Launching AI-driven Fraud Detection

Sanctions

Transaction screening is a critical extension of an effective transaction monitoring program. Sanctions breaches constitute serious offenses and can result in heavy penalty fines. Accordingly, banks and financial institutions must check customers against relevant sanctions lists as efficiently and accurately […]

We take a step back to explore the bigger picture around the Russia-Ukraine crisis, and how the situation may develop in the coming weeks and months. Following Russia’s recognition of the breakaway republics of Luhansk and Donetsk on February 22nd, […]

A bill containing extensive sanctions on persons and entities in Ethiopia has been advanced by Congress, in a bipartisan move to try and end atrocities in the region. The bill would impose sanctions on anyone who undermines peace, security or […]

As Russia amasses 100,000 troops near Ukraine’s border, the Biden administration looks likely to target banks as part of a torrent of economic sanctions in the event of an invasion. Increasing friction in the region comes eight years after Russia […]

The West African state of Mali has become the subject of new sanctions, imposed by neighboring countries in a bid to accelerate its delayed election timetable and return Mali to constitutional order.  The 15-member Economic Community of West African States […]

Defense think tank RUSI is warning that a lack of guidance around proliferation finance (PF) and designated non-financial businesses and professions (DNFBPs) is increasing the risk of North Korea evading targeted sanctions. In a new report, it recommends organizations and […]

Airbnb Payments, a subsidiary of rental company Airbnb, will pay $91,172 for alleged violations of sanctions against Cuba, the US Office of Foreign Assets Control (OFAC) has announced. OFAC, which implements and enforces US sanctions, says the company processed payments […]

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 […]

Increasing pressure from the US could result in additional sanctions being imposed on Myanmar, a US diplomat has confirmed. “All options are on the table, and I think it is our responsibility not just as the US, but as the […]