AML

What AML Operators Need To Know About Illicit Trade.

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Multiple forces are at play on the world stage to facilitate illegal trade globally. Many will say that human greed is at the heart of it, others will blame over regulation; these two factors are at play in nation states that struggle to compete and are held to ransom by major corruption or criminality. It’s not so much one for all as ‘one for one’ in those economies driving the economy ever downward as legitimate business flees. Read More

AML

Watch the Whistleblower who identified $240 billion ML scam.

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Money Laundering Compliance

Howard Wilkinson appears unremarkable. Yet he is a remarkable man. Honest and resilient he identified the biggest money laundering scam the world has ever known. Remarkable because the biggest banks with all their technology and professionals failed to identify it. Was that failure a complicit act or just staggering incompetence? I’ll leave you to decide. Read More

AML

How to Clean Billions in Dirty Money….

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Criminal moving money

What does it mean to clean money? Laundromats. The term was coined to detail the industrial process of cleaning money over and over again in huge volumes. Doing so through a series of shell companies and by a business set up of ‘financiers’ able to hide the real location of the money through legitimate looking… Read More

AML

Cyber Money Laundering 101

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There are many routes and many options to clean dirty money, it’s no wonder AML is such a difficult job. The sheer volume of SARS obfuscates criminals, it doesn’t help law enforcement. The below helps to understand just a few of the tactics at play via the dark web. Forget smurfing. Forget structuring of cash.… Read More

AML

Beneficial Ownership Debate

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In the UK, a joint parliamentary Committee has commented on the draft Registration of Overseas Entities Bill. The Bill aims to establish a publicly-accessible register of overseas companies and individuals who own property in the UK. Read More