Global Financial Crime Review Archives - Page 6 of 16

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

Global Financial Crime Review, September – November 2019

The Intent and Impact of US Sanctions on Cuba and Venezuela

September 1, 2019August 12, 2020 /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, 2019March 6, 2023 /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 growth...

Europe, European Connect, March - May 2019

New Beginnings for ACAMS Europe

March 28, 2019 /Leave a comment

It is spring in Europe, traditionally a time of new beginnings and growth. As I write this, Brexit negotiations are taking place in the U.K. Parliament and there is no clear indication of what the outcome may be. Regardless of Brexit, the issues that...

Europe, Exclusive, Global Financial Crime Review, March - May 2019

Status of the European AML Framework

March 28, 2019April 3, 2019 /Leave a comment

In an attempt to improve the integrity, stability and sustainability of the European financial markets, legislators are storming ahead with regular revisions of the European Union’s (EU) anti-money laundering (AML) and criminal law framework. In 2018, a record number of actions were undertaken by the...

December 2018 - February 2019, Europe, Germany Chapter, Know Your Chapter

ACAMS Germany Chapter Activities in 2018

December 20, 2018February 2, 2021 /Leave a comment

Throughout the course of 2018, the ACAMS Germany Chapter hosted five knowledge-sharing events in Frankfurt and Berlin, discussing regulatory developments around the Fifth AML Directive (5AMLD) and General Data Protection Regulation (GDPR), as well as current topics linked to the digitization of the financial...

December 2018 - February 2019, Europe, Global Financial Crime Review

Time for Action in the EU’s Battle Against Money Laundering

December 20, 2018December 20, 2018 /Leave a comment

In September 2018, the Netherlands’ largest bank, ING, received a record European fine of approximately $900 million for money laundering violations. Although ING’s fine was a particularly eye-catching figure, the money laundering violations themselves hardly felt surprising, as a number of Europe’s well-established banks...

ACAMS Today

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

Seizing Assets So That Crime Doesn’t Pay, With Molly Moeser

Three Ways AI Is Augmenting AML Programs

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

Global Financial Crime Review