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
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
Avoiding 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
What is Money Laundering? This post will help you to understand the basics of money laundering and at the foot of the post are some world renowned research papers, references and links to other content. Money Laundering is essentially cleaning ‘dirty’ money to make it look clean to authorities. There are many, many methods to… Read More
AML Resources U to Z A to E – F to J – K to O – P to T – U to Z Bring yourself up to date with this useful list of AML resources and help documents. We design training packages for your staff, the below is just a small section of our… Read More
AML Resources K to O A to E – F to J – K to O – P to T – U to Z Bring yourself up to date with this useful list of AML resources and help documents. We design training packages for your staff, the below is just a small section of our… Read More
AML Resources F to J A to E – F to J – K to O – P to T – U to Z Bring yourself up to date with this useful list of AML resources and help documents. We design training packages for your staff, the below is just a small section of our… Read More
AML Resources P to T A to E – F to J – K to O – P to T – U to Z Bring yourself up to date with this useful list of AML resources and help documents. We design training packages for your staff, the below is just a small section of our… Read More
Hiding US citizen cash in offshore accounts is uncovered and punished. Israel’s Largest Bank, Bank Hapoalim, has admitted to conspiring with US taxpayers to hide $7.6 billion and has agreed a fine of $875 million for its sins. Bank Hapoalim (Switzerland) and Bank Hapoalim B.M. (Israel) agree to pay nearly $875 Million and an entry… Read More
Risk management for providers of investment funds The provision of investment funds can involve multiple parties: the fund manager, appointed advisers, the depositary and sub-custodians, registrars and, in some cases, prime brokers. Similarly, the distribution of these funds can involve parties such as tied agents, advisory and discretionary wealth managers, platform service providers and independent… Read More
