Although COVID-19 has created many uncertainties, one thing is certain—financial crimes do not stop based on economic conditions. Perpetrators have capitalized on COVID-19 fears, with jurisdictions around the world seeing an uptick in illegitimate activities such as cybercrime, fraud and the sale of counterfeit goods.1...

Financial crime risk management in financial institutions (FIs) has undergone big changes due to paradigm shifts in business dynamics, emerging threats, regulatory climate and technological advancements. However, in the last few months, the world has been experiencing something unprecedented that has made all other changes...

By now, reality has set in. The world is in this for the long haul, and anti-money laundering (AML) and sanctions professionals have certainly recognized that the work to protect the financial system will be changed forever. Financial institutions’ (FIs) initial SWAT teams have set...