Year: 2021

Riddle Me This: To Whom is the Shipment Going?
AFC Challenges, Compliance, December 2021 - February 2022

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As discussed in a previous article, “Riddle me this: Export controls,”1 governments seek to accomplish national security and foreign policy goals through their control of exports. Understanding the framework and operational implications of export regulations is much like solving a riddle. Merriam-Webster defines riddle as...
2021: A Year of Positive Change
December 2021 - February 2022, Global Financial Crime Review

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While anti-money laundering (AML) professionals focused on finding and reporting pandemic-related fraud and adjusting to a virtual world in 2020, 2021 brought a sense of calm. Emphasis by governments and regulators on risk-based anti-money laundering/counter-terrorist financing (AML/CTF) programs, building solid frameworks for sanctions programs and...
Keeping Sanctions-Related Risk Assessments Effective and Current
December 2021 - February 2022, Practical Solutions

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The dynamic nature of sanctions risk—stemming from nuanced sanctions requirements, complex corporate structures and transaction protocols, and imperfect data insights on customers and related parties—makes operating a sanctions compliance program (SCP) no easy endeavor. Firms need to have a clear understanding of their inherent sanctions...
Combating Illegal Wildlife Trade: Turning Predators Into Prey
AFC Challenges, December 2021 - February 2022

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Global wildlife populations face grave threats from many factors, including climate change, deforestation and pollution, while consumer demand for wildlife and wildlife products accelerates the speed with which many species move toward extinction. One additional threat that is sometimes overlooked is the proceeds generated from...
Identity Resolution
December 2021 - February 2022, Tech Scope

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Understanding your organization’s various entities and their interrelated relationships is crucial for any risk management program. Over the years, the regulated sector has increasingly adopted new financial crime compliance systems. In addition, it is now starting to use the latest advanced analytics technologies to help...