Tag: Money Laundering
Where are the Sanctioned Russian Assets Frozen in the West and How Much is actually Frozen?
Introduction On the eve of the anniversary of the Russian invasion of Ukraine, the question of what we should do with the approx US$300 billion…
The Wolfsberg Group CBDDQ V1.4 2023 Assessment by FCN
The revised and updated Wolfsberg Group CBDDQ V.1.4. and supporting materials were published on the 10th February, 2023. This journey started with the original AML…
The Future of Cross Border Payments – Removing Friction from Sanctions Screening
Introduction In 2010, the fastest way to move money on the same day from London to New York was to catch a flight from Heathrow…
Fighting Financial Crime in 2022 – Dashboard by FCN
Making sense of where we are in the fight against financial crime, and then suggesting the necessary actions to move forward to improve effectiveness is…
Financial Crime related material Bank Fines in the 21st Century updated for 2022
As 2022 comes towards its end, the trend in major fines and penalties (above US$10 million) levied against Banks, for AML, ABC & Sanctions violations…
Danske Bank Pleads Guilty to Fraud on US Banks and Violations of Laws In Denmark
Danske Bank: Much has been written about the Danske Bank case with last weeks fine of US$2.1 billion long expected and well trailed. It’s previously…
Mexico Financial Crime Threat Assessment 2022 by FCN
The Financial Crime Country Threat Assessment for Mexico is now available. To download the Mexico Financial Crime Country Threat Assessment 2022 click HERE: Mexico Sept…
National AML Risk Assessments – Update & Resources from FCN
All countries are expected to generate a meaningful National AML Risk Assessment. These are useful for the authorities, and the other institutions that use them (eg…
Financial Crime Fighting Dashboard 2022 by FCN
As FATF President T Raja Kumar joins the G20 at its summit tomorrow in Bali under the Presidency of Indonesia his 3 key messages are…
Follow the Money set for a Boost
At the FATF INTERPOL ROUNDTABLE ENGAGEMENT (FIRE) EVENT held in September in Singapore 2022, the FATF President T. Raja Kumar & Interpol Secretary General Juergen…
