Sanctions Pulse Ep.1: Russian Credit Cards, Location Spoofing and the Rise of Crypto 

In this special series, AML expert, Kat Pranjic, reports on the changing sanctions landscape and uses intelligence from the LexisNexis® Digital Identity Network to throw light on the tactics being deployed to circumvent them.  In Episode One – Consumer Behaviour, …

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 …

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Swedish Regulator Targets Money Laundering in the Gaming Sector

The gambling sector has become an appealing target for money launderers as a result of the high volumes of transactions, the internationalisation of gaming (particularly online gaming), and the absence of a physical product. The explosion of online gaming, though, …