by Jyotsna Bucktowar | Jan 27, 2025
A reporter suspected that a business customer was ML and submitted a DAML SAR to the UKFIU to request a defence to return the account’s balance to the customer while ending their relationship with them. Suspicious indicators on the customer’s account included little...
by Jyotsna Bucktowar | Jan 16, 2025
The report highlights significant ML/TF risks in decentralised finance (DeFi), citing vulnerabilities such as weak customer due diligence and anonymity features that obscure transaction origins across decentralised exchanges, lending, and staking...
by Jyotsna Bucktowar | Jan 9, 2025
Could the rapid processing of instant payments become a new target for fraudsters to exploit? As of 9 January 2025, all Eurozone PSPs must support receiving instant payments, marking a key milestone in harmonising instant payment adoption across the EU…
by Jyotsna Bucktowar | Dec 9, 2024
The booklet provides insights into how SARs are used in the UK to combat financial crimes such as money laundering, fraud, and terrorist financing. SARs are a critical intelligence resource that law enforcement and financial institutions use to address serious crimes....
by AdrianaAMLP | Oct 15, 2024
The assessment draws on intelligence from across law enforcement, government, the third sector and private industry, highlights that whilst overall crime has fallen in the UK over the last decade, the scale and harm of serious and organised crime has increased. Latest...
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