Category: AML
Our Gold CRM for Compliance Consultants
Posted onGold Network Partner CRM
Our CRM is one of the most advanced systems for tracking customers and leads and converting business from them. It will take a small consultancy to a corporate level of marketing overnight. Read More
Curious Link Between Trump, Hydroxychloroquine and British Illicit Trade & Smuggling.
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I have decided to post this after some light reading in the early hours of this morning. The story, if you stick with it, demonstrates the historic nature of illicit trade and smuggling by nation states searching for power on the world stage. It links to Mr Trump and his use of Hydroxychloroquine (I’m shortening… Read More
DECISIONS IN THE HEAT OF BATTLE
Posted onIf there is something emergency services are good at it is making life or death decisions in the heat of battle. The below model is used by the British police. At least some of it is. We have expanded on it’s utility to cause cognisance of the factors that play into points 1 to 5.… Read More
HOW YOUR SOCIAL MEDIA ACCOUNTS LEAVE YOU OPEN TO CRIMINALS.
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In this post we will examine real cases where social media has been exploited by criminals. A couple of types of exploitation are social engineering and criminal intelligence gathering. We will explore both and also establish links to money laundering and white collar crime. It is estimated criminals earn over $3 billion annually from exploiting… Read More
How to Technologically Enhance Money Laundering – to make it harder to trace illicit cash.
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We’ve noticed that despite our target audience being the financial compliance industry, when we post with a heading to attract criminal attention, it gets read more! So welcome to this post. In it we will discuss the steps that criminals take to use technology to hide their assets. Firstly, a basic understanding of Placement, Layering… Read More
See How Bitcoin and Corruption are linked.
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In 2008 (yes only 12 years ago), Satoshi Nakomoto proposed a new electronic form of value that would allow two parties to exchange that value without the need for a financial institute to act as an intermediary. Bitcoin was born. There are of course lots of speculators that link Bitcoin to corruption, criminality and money… Read More
60 Best Money Laundering Research Papers, Books and web links.
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Research into money laundering goes deeper than reading ACAMS or Linkedin. Here we have provided links to the 60 Best Money Laundering Research Papers, books and web articles. In the coming weeks we will be blogging about these articles and what they mean to the industry. Stay tuned and register with the site (bottom of… Read More
Conservative Firms less likely to be involved in Money Laundering
Posted onA recent study has found that firms that adopt a culture of conservative accounting are less likely to be involved in money laundering scandals. The authors used three measurements of the concept of conservative accounting, and in all three the results were the same. The degree of conservativism is significantly and negatively associated to the… Read More
How to Hide 2 Million Barrels of Sanctioned Oil
Posted onAvoiding OFAC/UN sanctions is like a game of cat and mouse played out on the world stage. The players are office-bound analysts checking transactions for sanctioned individuals/nations, shipping lines trying to disguise their routes, customs and excise on both sides of the trade and the regulators honing in on troubled states. Currently we have Iran… Read More
