World Digest Archives - Page 4 of 7

ACAMS Connection, Back to the Basics, Human Trafficking Awareness Month, World Digest

The Nexus Between Terrorism and Human Trafficking

January 17, 2023January 10, 2025 /Leave a comment

Editor’s note: This article is the first part of a two-part series on human trafficking and terrorist organizations. Human trafficking (HT) constitutes a serious human rights violation and is one of the most profitable criminal enterprises, attracting both small local groups and international networks. In...

ACAMS Connection, World Digest

Proceeds of Crime: The Story of Alex Saab

August 18, 2022April 27, 2023 /Leave a comment

Alex Nain Saab Moránis is a Colombian businessman who illicitly obtained money from multiple millionaire contracts with the Venezuelan government. Saab was involved in two government-funded programs: Gran Misión Vivienda Venezuela, which was designed to build houses for the poor in Venezuela and Comité Local...

AFC Challenges, World Digest

Only A Leap in Consciousness Will End Human Slavery

August 17, 2022August 17, 2022 /Leave a comment

What is standing in the way of successfully disrupting human trafficking and slavery? While laws and regulations are in place, implementing them depends on society What is standing in the way of successfully disrupting human trafficking and slavery?1 While laws and regulations are in place,...

Caribbean Catch-Up, World Digest

Ponzi and Pyramid Schemes Spread Across the Caribbean

August 3, 2022 /Leave a comment

Investment fraud can plague financial markets regardless of their level of development. It encompasses all types of actions to obtain financial gain from investors based on deception. Such fraud can take many different forms, from very simple schemes (such as outright theft) to more complex...

Europe Express, Français, World Digest

Travail forcé : Cinq indicateurs de risque pour le secteur financier

July 14, 2022 /Leave a comment

Les États membres des Nations Unies se sont mis d’accord en 2015 afin d’atteindre les 17 Objectifs de développement durable des Nations Unies définissant les cibles à atteindre à l'horizon 2030.1 Des objectifs des Nations Unies aux directives européennes anti-blanchiment Dès fin 2016, la Commission...

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ACAMS Connection, Caribbean Catch-Up, World Digest

Addressing Bribery and Corruption in Jamaica

June 6, 2022February 2, 2023 /Leave a comment

Jamaica’s anti-corruption oversight body tabled its annual report in Parliament on July 6, 20211 but still managed to make several recommendations2 for bolstering its existing legislative framework.3 These included requiring members of Parliament and government officials who are required to declare financial assets as part...

AFC Challenges, World Digest

How To Win a War Against Money Laundering and Financial Crimes In Pakistan

April 5, 2022May 23, 2022 /Leave a comment

Hiding the origin of illicit money and converting the money into legitimate funds or assets have a long history. In fact, the United Nations Office on Drugs and Crimes (UNODC) estimates that the amount of money laundered globally in one year is between $800 billion...

ACAMS Connection, Europe Express, World Digest

AML Controls for Crypto in Europe

March 30, 2022February 2, 2023 /Leave a comment

There are specific rules in place to regulate and supervise credit institutions and payment service providers across Europe. Banks and other license holders are required to cooperate with their national supervisors, who coordinate their work through the network of national financial supervisors. The biggest European...

COVID-19 and The Sexual Exploitation of Children Online

Europe Express, World Digest

La COVID-19 et l’exploitation sexuelle des enfants en ligne

February 22, 2022March 4, 2022 /Leave a comment

La crise du COVID-19 a déclenché une hausse sans précédent dans la production et la distribution de matériels d’abus sexuels d’enfants et d’exploitation sexuelle d’enfants, la retransmission en direct d’abus sexuels sur enfants et en particulier des contenus/matériels sexuels autoproduits. Aux commencements de la crise,...

ACAMS Connection, Europe Express, World Digest

The Continuing Rise of Financial Penalties

January 26, 2022February 2, 2023 /Leave a comment

The ninth annual Anti-Money Laundering and Counter-Terrorist Financing Supervision Report 2019-201 issued by HM Treasury in the UK highlights notable changes in supervisory activity and fines that supervisors have issued. Civil penalties continue to rise year on year as the Financial Conduct Authority (FCA) exercises...