Global Financial Crime Review Archives - Page 5 of 16

Georgia is a small country in the South Caucasus. In the hills of Tbilisi, a statue of Kartlis Deda (Mother Georgia), stands vigilant, holding a sword to deter foes and a bowl of wine to welcome friends. Unfortunately, Kartlis Deda was unable to defend...

Global Financial Crime Review, September 2020 - November 2020

Venezuela—Blink and You May Miss It

October 5, 2020 /Leave a comment

The COVID-19 pandemic has exposed the best and worst of what governments can do for their citizens. Some nations’ leaders and governmental systems have worked to ensure that the least among their populace can generally survive and (hopefully) thrive with some assistance; others have...

Caribbean Catch-Up, Global Financial Crime Review, June - August 2020

Bahamas AML Global Research Conference: Weighing AML Costs vs. Benefits

July 7, 2020 /Leave a comment

On January 22 and 23, 2020, the Central Bank of the Bahamas hosted an inaugural global research conference focusing on empirical approaches to anti-money laundering (AML) and financial crime prevention. This conference’s creation was supported by the Caribbean Development Bank, the Inter-American Development Bank...

Global Financial Crime Review, June - August 2020

Improving Panama’s AML Framework

July 7, 2020 /Leave a comment

As of June 2019, the Financial Action Task Force (FATF) placed Panama on its list of high-risk jurisdictions with strategic anti-money laundering (AML) deficiencies (what is commonly referred to as the FATF greylist). Despite Panama’s progress to strengthen its AML regulatory framework, the country...

ACAMS Today Europe, Global Financial Crime Review, May 2020 - June 2020

Wildlife: The Underreported Illegal Trade

June 3, 2020July 1, 2020 /Leave a comment

Although anti-money laundering (AML) investigations are ever evolving, one major source of illegal profit internationally remains largely underreported—wildlife trafficking. Wildlife trafficking is a major illegal trade1 and an environmental crime that is estimated to generate between seven billion US dollars and 23 billion US dollars...

ACAMS Connection, Global Financial Crime Review, Special for the Web

2020 UN North Korea Panel of Experts Report: Takeaways for Financial Institutions

May 18, 2020February 2, 2023 /Leave a comment

Since mid-April, speculations about dire health or even death of North Korea’s leader, Kim Jong Un, intensified. His absence from the public eye for several weeks and reports about Chinese medical doctors traveling to Pyongyang fueled the rumor mill. With the North Korean leader having...

Caribbean Catch-Up, Exclusive, Global Financial Crime Review, March - May 2020

Utilizing the Three Lines of AML Defense Protocols

March 10, 2020May 5, 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, 2020May 7, 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 vision...

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...

ACAMS Today

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

Enlisting AI in the Fight Against Financial Crime, With Jennifer Shasky Calvery

Assembly Chatter with ACAMS Today: Sanjeev Menon

Giles Thomson on U.K. Sanctions Priorities and Enforcement

Four Questions: Advice From a BSA/OFAC Officer

NPOs: Risk for Suspicious Activity

Crimen Financiero: Destrucción de la Amazonia de Brasil

Global Financial Crime Review

Georgian President Mikheil Saakashvili’s Fight Against Corruption