by Jyotsna Bucktowar | Jul 30, 2024
The True Cost of Compliance series seeks to assess and monitor the UK financial services sector’s efforts in detecting and preventing financial crime. In partnership with Oxford Economics, the study conducted detailed qualitative surveys of 254 UK firms to...
by Jyotsna Bucktowar | Jul 26, 2024
The participating banks are providing the NCA with account data indicative of potential criminality. Subject matter experts and investigators from the NCA and the banks have formed a joint team to analyse the data, alongside the NCA’s own data. Any intelligence...
by Jyotsna Bucktowar | Jul 25, 2024
Germany’s financial regulator, Bafin has warned Solaris Bank to improve its AML measures or face a fine, citing deficiencies in its financial crime controls, including ML prevention, reporting, outsourcing management, and IT. Multiple audits have uncovered these...
by Jyotsna Bucktowar | Jul 16, 2024
The volume of financial fraud stemming from West Africa is alarming and increasing. This operation’s results underscore the critical need for international law enforcement collaboration to combat these extensive criminal networks. By identifying suspects, recovering...
by Jyotsna Bucktowar | Jul 5, 2024
Our goal as part of our commitment to reduce and prevent financial crime, is to fight the growth in APP (or Authorised Push Payment) fraud and investment fraud as well as to help tackle money laundering. And we are jointly, alongside partner agencies (including the...
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