Deterring Financial Crimes While Respecting Data Sovereignty

Financial crimes such as money laundering, fraud and terrorist financing continue to pose significant risks to the stability and integrity of the global financial system. Governments and regulatory bodies have responded by implementing strict measures to detect, prevent and report such activities. However, as countries...
Financial Crime Risk Management Lessons Custodians Can Learn From Traditional Correspondent Banking

Custodians, which are financial institutions that provide the safekeeping and servicing of investor assets including stocks, bonds and other assets, are exposed to some serious money laundering and financial crime risks. The Financial Crimes Enforcement Network’s (FinCEN) unprecedented enforcement action against a trust and custody...