US and UK Govt on tackling global financial crime

US & UK Govt collaborate to develop prize challenges to generate technology innovation to help tackle the global challenge of financial crime. Privacy-enhancing technologies (PETs) could play a transformative role in addressing these financial crimes…

UK Govt on The Economic Crime Act 2022

The aim of the Act is to increase the transparency of ownership of UK property by overseas entities, by identifying the beneficial owners of those entities. ‘Overseas entities’ owning ‘qualifying property’ are required to register and…

OECD on Tax Transparency in Latin America 2022

OECD examines progress in Latin America in relations to tackling tax evasion and other financial crimes. Tax Transparency 2022 edition covers 16 Latin American countries and aims to inform decision makers and citizens on the latest progress and remaining...

FCA on challenger banks’ financial crime controls

A review by the FCA has found that challenger banks need to improve how they assess financial crime risk, with some failing to adequately check their customers’ income and occupation. In some instances, challenger banks did not have financial crime risk assessments in...