Global Financial Crime Review

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...
ACAMS Today Europe, Global Financial Crime Review, May - June 2021

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The Financial Crimes Enforcement Network (FinCEN) Files investigation is the latest publication by the International Consortium of Investigative Journalists (ICIJ) that reveals how certain flows of funds are suspected to be connected to financial crime, money laundering, terrorist financing and/or corruption. The FinCEN Files...
Global Financial Crime Review, March - May 2021

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In 2013, the Financial Action Task Force (FATF) significantly changed its methods for assessing anti-money laundering/counter-terrorist financing (AML/CTF) regimes. Countries are now deemed compliant with the FATF Recommendations when they fulfill the technical requirements and their AML/CTF regime effectively produces the expected results of...
Global Financial Crime Review, World Digest

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Whilst South Africa is being assessed against the Financial Action Task Force’s (FATF) 40 Recommendations for effectiveness in its anti-money laundering (AML) and counter-terrorist financing (CTF) regimes, it is important to recognize the role of designated non-financial businesses and professions (DNFBPs). As per the Financial...