Practical Solutions

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...
The transparency imperative: The power of full disclosure in AML/CTF reviews
Compliance, Exclusive, Practical Solutions, September – November 2025

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Independent anti-money laundering/counter-terrorist financing (AML/CTF) and sanctions reviews required under the Bank Secrecy Act are more than compliance exercises. Their strategic value lies in their capacity to reveal vulnerabilities, affirm control effectiveness and validate governance. But their utility hinges on transparency. Financial institutions must treat...
The exploitation gamble: Financial sextortion of minors
AFC Challenges, Compliance, Global Financial Crime Review, Practical Solutions, September – November 2025

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The headlines are horrifying. It seems every week another teenager has committed suicide as a result of financially motivated sextortion. The loss of life rightly captures the headlines, but the business model of blackmailing kids with explicit images can no longer escape the limelight. But...
A new era in financial crime partnerships
AFC Challenges, Compliance, June – August 2025, Practical Solutions

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Financial crime transcends national borders, industries and financial institutions, which is why collaborative partnerships are essential to detect, deter and disrupt serious and organized crime. In the world of anti-money laundering (AML) regulation and financial intelligence, the Australian Transaction Reports and Analysis Centre (AUSTRAC), has...