Global Financial Crime Review Archives - Page 19 of 19

Fraud, Global Financial Crime Review, June 2011 – August 2011

Fighting Money Laundering and Fraud—A Zambian Perspective

August 29, 2011April 26, 2024 /Leave a comment

In a Zambian context, "Financial Institution" is any legal entity registered by the Patents and Company Registration Agency (PACRA) and licensed and regulated by the Pensions and Insurance Authority and, for Commercial Banks, by the Central Bank of Zambia–BOZ. The Banking and Financial Services Act...

Global Financial Crime Review, June 2011 – August 2011

Islamic Finance, Money Laundering and Terrorist Financing

August 29, 2011May 8, 2015 /Leave a comment

Islamic finance refers to a form of financing which is in compliance with Shariah or Islamic Law principles. Modern Islamic finance emerged in the 1970s, following the first oil price shock of 1973. Today, Islamic finance has globally extended to Muslim, as well as to...

Global Financial Crime Review, June 2011 – August 2011

An Overview on Crime and Terrorism in Central Asia

August 29, 2011May 28, 2015 /Leave a comment

Editor's note: This is the last of a two-part series. Part two will discuss the position of the AML/CTF regimes in each country in Central Asia. Although critics say that the region still has a long way to go in effectively implementing AML/CTF regimes, the...

Compliance, Europe, June 2011 – August 2011

Floating Toward Disaster—A List That Looks Convincing Leaves Banks Thinking They are Covered

August 29, 2011September 9, 2015 /Leave a comment

Editor's note: This article is the second in a series that examines how banks can better assess geographical risk. Both at client take-on and in transaction monitoring, geography plays a key role in helping banks carry out their risk-based approach to anti-money laundering (AML) compliance....