In financial crime compliance, few topics generate as much persistent discussion as false positives. Across banks, payments firms and newly licensed institutions, executives regularly ask whether better technology — or building systems in-house — will finally solve the ... Read More →
Insights
Get insights from relevant international organisations on combating financial crime
Tariffs: how rising duties fuel trade-based money laundering
When governments raise tariffs, the stated objective is usually economic: to protect domestic industries, rebalance trade or exert geopolitical pressure. Yet tariffs also carry a quieter and less examined consequence. By distorting prices and redirecting global supply ... Read More →
Effective Suspicious Activity Reporting by Wolfsburg Group
The Wolfsberg Group's statement on effective monitoring of suspicious activity highlights the evolving strategies financial institutions (FIs) should adopt to combat financial crime was released on 1st July 2024. The statement underscores the importance of transitioning ... Read More →
Dealing with inconclusive name screening matches
A key aspect of AML/CFT compliance is name screening, which involves checking the names of individuals and entities against watchlists, containing multiple lists of sanctioned or high-risk individuals and organisations, usually obtained through a name screening database ... Read More →
G20 Adoption of Beneficial Ownership Principles Slow
In the fight against money laundering, terrorist financing, corruption, human trafficking, sanctions and tax evasion and other financial crimes, shell companies are a key instrument for beneficial owners in providing anonymity. However, a report by Transparency ... Read More →
