by Jyotsna Bucktowar | Sep 28, 2024 | News
G7 issues its first joint Industry Guidance, aimed at preventing Russia from circumventing export controls and sanctions. It outlines best practices for industry to use to address these red flags and conduct enhanced due diligence…
by Jyotsna Bucktowar | Sep 26, 2024 | News
The Best Egmont Group Cases Award (BECA) Book 2021-2023, features 24 Cases on ML/TF schemes and predicate offenses worldwide highlighting sophisticated methods used by criminals, including multi-jurisdictional networks, layered financial…
by Jyotsna Bucktowar | Sep 19, 2024 | News
FATF updates its consolidated assessment ratings, marking some significant changes, notably the removal of Jamaica and Turkey from its “grey list”, This removal reflects enhanced compliance with FATF’s recommendations and ongoing commitment…
by Jyotsna Bucktowar | Sep 17, 2024 | News
EP briefing on “golden passport” and visa schemes in the EU warns that these programs pose significant security risks, particularly by facilitating ML and corruption. It also provides an overview of CBI and RBI schemes in the EU, the Parliament’s...
by Jyotsna Bucktowar | Sep 15, 2024 | News
FBI’s 2023 Cryptocurrency Fraud Report reveals over $5.6 bn in reported losses due to cryptocurrency fraud, detailing various types of fraud such as scams and Ponzi schemes. The financial fraud involved the use of cryptocurrency, such as bitcoin,...
by Jyotsna Bucktowar | Sep 14, 2024 | News
UAE National Strategy for AML/CFT introduces stronger regulatory measures and guidelines to enhance oversight and enforcement. It is formulated around 11 strategic goals, outlining the legislative and regulatory reforms the UAE is taking to prevent …
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