Tag: Modernising
Reaching the Unreachable by Helena Wood (RUSI)
Attacking the Assets of Serious and Organised Criminality in the UK in the Absence of a Conviction by Helena Wood – published by RUSI The…
Modern Organised Crime turns 100
Whilst the term “organised crime” appears to have emerged in Chicago in 1919, the phenomenon of organised criminal activity far pre-dates this and its manifestations…
EU & Americas News by Vincent Heintz
As major changes to AML/CTF are being considered and discussed, developments on both sides of the North Atlantic are of particular note, of which the…
Spotlight on FinTech & RegTech by Markus Schulz
Some people have argued that the next frontier in the fight against financial crime is using new technology to detect money laundering. New technology could…
Modernising the Fight Against Financial Crime – Part 1
A Two way street: Information Sharing Criminals do not respect borders. They take advantage of globalisation to transfer their illicitly earned money between countries using…
Modernising the Fight against financial Crime – Part 2
In search of a Model to Measure Effectiveness This paper sets out what effectiveness could mean in terms of a Bank’s response to fighting financial…
Future of Financial Information Sharing (FFIS)
In late 2017, the FFIS programme published the first international comparative study of public-private financial information-sharing partnerships and their impact in tackling economic crime, drawing…
FATF – Country Evaluation Results – Part 1
&With results on more than 70 Countries published and updated relating to technical compliance with the FATF 40 Recommendations as well as on effectiveness based…
Nine US Bank Trade Bodies submit comment letter on US AML Reform
With US money-laundering laws, dating back to the 1970s, some appear out of date, which according to Senator Elizabeth Warren, “makes it hard for law…
FinCEN Director Speaks at SIFMA AML Conference
FinCEN Director, Ken Blanca’s presented remarks to the SIFMA AML conference in Feb 2019, were of particular interest in that they focussed on regulatory reform…