by AdrianaAMLP | Mar 20, 2024
The statement describes the role of financial institutions in CTF and the key controls which seek to mitigate and manage the risk of a financial institution being abused for the financing of terrorism, as part of a risk based financial crime compliance programme. It...
by AdrianaAMLP | Mar 19, 2024
The new guidance clarifies: Key risks, particularly those compounded by multiple layers, controlled by a Company with various Directors or nominee shareholders and cross-border jurisdictional complexities, Requirements for countries to assess the ML/TF risks...
by Jyotsna Bucktowar | Mar 14, 2024
This includes nearly $800 billion in drug trafficking, nearly $350 billion in human trafficking, and more than $11 billion in terrorist financing. The report also reveals that losses from fraud scams and bank fraud schemes accounted for nearly $500 billion globally in...
by AdrianaAMLP | Mar 13, 2024
Spotlights why financial crime countermeasures can never become “set and forget” activities. Each of the three 10-minute episodes highlights the scale of the challenge posed by sophisticated criminal tactics that are carefully designed to grow illegal...
by Jyotsna Bucktowar | Mar 11, 2024
The assessment on global financial fraud highlights how the increased use of technology is enabling organized crime groups to better target victims around the world. The use of AI large language models and cryptocurrencies combined with phishing- and...
Recent Comments