Financial Crime in Focus
News round-up: After years of regulation and guidance, are AML processes any more effective? 

A sensible approach or a missed opportunity? As we go to press, the UK Government has just published three key reports. One is a detailed response to the consultation launched last year seeking industry views as to how the UK’s …

Adverse Information Screening: Ep1 – The Smoking Gun

Financial Crime Compliance expert Nina Kerkez of LexisNexis Risk Solutions, talks to John Davies of Kompli Group about the latest Wolfsberg guidance on Adverse Media Screening and asks what companies should really be doing – and not doing – to …

7 ways challenger banks can rise to FCA’s call for more effective AML controls

In its latest reproach of the AML regulated UK financial service sector, the FCA recently published a report highlighting systemic failings among Fintechs and Challenger Banks to implement robust AML controls in line with money-laundering regulations.  Whilst some challenger banks …

News round-up: Sanction evasions, regulatory updates and cryptocurrency conundrums

Naturally, recent financial crime news has been dominated by the shocking invasion of Ukraine by Russian. Compliance teams in all sectors are now wading through the highly complex task of implementing extensive new sanctions measures imposed by the UK, EU, …

FinCEN Issues Alert on Russian Sanctions Evasion
FinCEN Issues Alert on Russian Sanctions Evasion

Are You Leveraging Innovative Tools that Detect Location-Based Sanctions Evasion? Russia’s invasion of the Ukraine has prompted a flurry of sanctions activity in the past few weeks. On March 7th, the Financial Crimes Enforcement Network (FinCEN) issued an alert advising …