by Jyotsna Bucktowar | Jan 8, 2025
The UAE’s “Falcon Economy” is thriving with strong foreign investment and major infrastructure projects. Concurrently, the country is advancing its Anti-Financial Crime (AFC) and AML efforts, including the upcoming release of its National Risk Assessment (NRA). Key...
by AdrianaAMLP | Dec 15, 2024
Key initiatives include a new Fraud Strategy, a UK Anti-Corruption Strategy, and the establishment of Domestic Corruption Unit to enhance investigations and intelligence. Collaborative efforts between government, law enforcement, financial institutions, and tech...
by Jyotsna Bucktowar | Dec 2, 2024
The FCA aims to slow the growth of fraud through enhanced partnerships and international collaboration. They plan to leverage data sharing and analytics to identify and prosecute financial criminals, building on a successful proof of concept. Concerns about the cost...
by AdrianaAMLP | Nov 28, 2024
The FCA has published the second phase of its consultation on proposals for a measured increase in transparency about its enforcement investigations, and set out plans for further engagement after significant concerns were raised in relation to the original...
by Jyotsna Bucktowar | Nov 26, 2024
Metro Bank failed to monitor over 60 million transactions worth £51 bn for ML risks due to flaws in its automated system. Despite staff raising concerns, the issue wasn’t fixed until 2019, and Metro lacked a consistent mechanism to check the system until...
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