Practical Solutions

The World Cup: A magnet for financial crime
AFC Challenges, Compliance, December 2025 – February 2026, Global Financial Crime Review, Human Trafficking, Practical Solutions

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When the FIFA World Cup starts, the world comes together in celebration. However, while fans are focused on the games, criminal networks see an opportunity. Human traffickers, fraudsters, money launderers and even terrorist financiers are aware that major events like this create an ideal environment...
Guide to successfully implementing AFC systems
AFC Challenges, Compliance, December 2025 – February 2026, Practical Solutions, Tech Scope, Understanding AI

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Implementing a new anti-financial crime (AFC) system is a complex and large project because of the amount of data required to enable the system and the regulatory expectations for the system’s capabilities and performance. Whether a system is being introduced to replace outdated technology, to...
Cooking quality money laundering: A to aid AML professionals
AFC Challenges, Compliance, Practical Solutions, September – November 2025

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Welcome to the underground kitchen of elite money laundering. In this world, success is not measured in Michelin stars, but in clean and pleasing money trails. The chefs in this kitchen must work with undesirable ingredients (dirty money) but their masterful skills create delectable dishes....
Digital wealth, physical harm: The rise of crypto kidnapping
AFC Challenges, Compliance, Global Financial Crime Review, Practical Solutions, September – November 2025

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During the past year, there has been a dramatic increase in physical violence toward individuals within the crypto industry or associated with crypto wealth. This new variant of kidnapping for ransom During the past year, there has been a dramatic increase in physical violence toward...
Enterprise risk management techniques to strengthen due diligence controls
AFC Policy, Compliance, Practical Solutions, September – November 2025

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Financial institutions (FIs) are often exposed to various risks during the course of their operations. However, the risks arising from instances relating to financial crimes and anti-money laundering (AML) are the most detrimental. Such risks not only expose FIs to heavy financial penalties but can...