News round-up: Feedback on 5MLD, wildlife trafficking, AML risk in capital markets…

5th Money Laundering Directive – did you have your say? The big news in this past week was the Monday 10th June deadline for responses to the HMT consultation paper on the implementation of the 5th Money Laundering Directive in …

News round-up: Controls for Crypto-assets, North Korean sanctions, FCA innovation

Solving the financial crime riddle; more questions than answers? It certainly feels that way as I compile and write this blog. We seem to see an ever-increasing series of challenges for the financial crime compliance community, yet truly innovative solutions …

News round-up: FATF evaluates Cayman islands; Sanctions fatigue; App to combat modern slavery

As the clocks go forward, the days draw out and our daily dose of sunshine gets longer, our thoughts naturally turn to summer and, in turn, holidays. But where to go? Perhaps the Cayman Islands and some Caribbean sunshine? Well …

News round-up: Far East financial crime; Money laundering antiquities

Folklore has it that the expression ‘money laundering’ originated in the prohibition era in the 1920s. Mafia criminals such as Al Capone allegedly purchased Laundromats and ‘washed’ their illegal profits from prostitution and bootlegged liquor sales through these legitimate businesses, …

News round-up: Sanctions busting; EU AML; Cybercrime growth; Human trafficking on the rise?

Instantly recognisable, the relentless click, clack of Newton’s Cradle (a highly favoured executive toy) was a common sound in offices for many years. If you cast your mind back to your schooldays you’ll no doubt remember that it demonstrates Newton’s …