Global Financial Crime Review Archives

Exclusive, Global Financial Crime Review, March - May 2020

Utilizing the Three Lines of AML Defense Protocols

March 10, 2020 /Leave a comment

While I am not a football fan myself, I know that there are lines of defense and each team is trying to prevent the other side from making a touchdown. Similarly, in financial services there are also lines of defense. The entire financial services...

Global Financial Crime Review, March - May 2020

Impact of the FATF Greylist

March 10, 2020 /Leave a comment

The Financial Action Task Force (FATF) monitoring process began in 2007 and the mutual evaluation assessment methodology is regularly updated to take into account the revised FATF standards. The methodology focuses on reviewing the level of effectiveness of a country’s anti-money laundering/counter-terrorist financing (AML/CTF)...

Global Financial Crime Review, March - May 2020

AFC in Canada: A 360-Degree View

March 10, 2020 /Leave a comment

Canada—despite facing huge money laundering challenges in the real estate, human trafficking, casino and cannabis sectors—is one of the biggest anti-money laundering (AML) pioneers among North American countries. Canada’s financial intelligence unit, the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), has a...

Exclusive, Global Financial Crime Review

Eyes on Vancouver: Money Laundering in Canada

December 26, 2019January 14, 2020 /Leave a comment

While residents of Vancouver nestle in the neighborhoods of a city which has ranked third continentally for quality of living in 2019,1 many have little idea of the nefarious criminal acts occurring on their streets. While intensifying international and domestic media reports2 have begun to...

December 2019 - February 2020, Europe, European Connect

ACAMS Europe Community Continues to Grow

December 19, 2019 /Leave a comment

I have been putting off completing this piece for the European Connect column for as long as possible, hoping that it would become clear when the United Kingdom (U.K.) will leave the European Union (EU) and on what basis. However, with a “flextension” now...

Global Financial Crime Review, September – November 2019

The Underappreciated Instrument of Counterterrorism Sanctions

September 1, 2019December 16, 2019 /Leave a comment

Sanctions or restrictive measures in European Union (EU)1 terminology have become a key instrument in the toolbox of policymakers, including policymakers in the EU. Often...

Global Financial Crime Review, September – November 2019

The Intent and Impact of US Sanctions on Cuba and Venezuela

September 1, 2019September 10, 2019 /Leave a comment

National governments and international bodies like the United Nations (U.N.) and the European Union impose economic sanctions to force changes in behavior, whether that is through coercion, deterrence, punishment or shame to the countries, entities and individuals that endanger their interests or violate international...

Europe, Europe Express, Exclusive

Dirty Money in London’s Property Market

August 21, 2019April 2, 2020 /Leave a comment

In February 2018, the shocking case of Zamira Hajiyeva and her wealth caused upheaval in British tabloids. She is the wife of Jahangir Hajiyev, the prominent jailed Azerbaijani chairman of the state-controlled International Bank of Azerbaijan from 2001 to 2015. Hajiyeva was said to...

Europe, Global Financial Crime Review, June - August 2019

The Future of Corporate Liability for Economic Crimes

June 27, 2019July 1, 2019 /Leave a comment

Corporate liability for economic crimes has been a discussion point in the United Kingdom (U.K.) for over a decade. Public outreach by U.K. lawmakers prompted the enactment of omissions-based offenses, such as failure of commercial organizations to prevent bribery and tax evasion. Analogous law...

ACAMS Today Europe, Global Financial Crime Review, May - June 2019

An Inspection of the Real Estate Sector in Germany

May 22, 2019June 4, 2019 /Leave a comment

Germany’s real estate industry is one of the largest economic sectors of the country, with 817,000 companies and around 3 million registered employees in 2017. In 2016, the entire sector was valued at around €500 billion, representing a contribution of 18.2 percent to the...

ACAMS Today

The Magazine for Career-minded Professionals in the Anti-Money Laundering Field

Sanctions of Our Time: Iran, Venezuela and the Kingpins

Stop the Money Mules, Protect Your Financial Institution

Managing the High-Risk Cannabis Industry

BSA’s Most Wanted

Fintech: Expanding Regulatory Territory

Global Financial Crime Review

Utilizing the Three Lines of AML Defense Protocols

Impact of the FATF Greylist

AFC in Canada: A 360-Degree View

Eyes on Vancouver: Money Laundering in Canada

ACAMS Europe Community Continues to Grow

The Underappreciated Instrument of Counterterrorism Sanctions

The Intent and Impact of US Sanctions on Cuba and Venezuela

Dirty Money in London’s Property Market

The Future of Corporate Liability for Economic Crimes

An Inspection of the Real Estate Sector in Germany