Analysis | AMLP Forum

FCA’s AI Sprint explores AI’s growing impact, urging the need for trust, clearer regulations, and tackling AI-driven scams, while expanding initiatives like the AI Lab and Supercharged sandbox

by Jyotsna Bucktowar | Apr 23, 2025

Insights from 115 experts are driving new initiatives to strengthen AI development in financial services, including an expanded AI Lab, enhanced sandbox testing, and closer collaboration with data and privacy regulators…

OCCRP reports Spanish authorities uncovered a €1.3m Social Security fraud involving care and construction firms, with 4 arrests for concealing income and evading payments

by Jyotsna Bucktowar | Mar 18, 2025

Financial audits revealed hidden assets leading to the arrest of four individuals. The companies, one in elderly care and the other in construction, used deceptive practices to evade Social Security dues, including hiding income and using third-party accounts. The...

GFI highlights progress in BO transparency across the Cayman Islands, Montserrat, and Bermuda but warns of persistent gaps in public access, enforcement, and verification processes

by Jyotsna Bucktowar | Mar 10, 2025

To enhance BO transparency, Caribbean BOTs should expand public access with tiered levels while safeguarding privacy. Strengthening cross-border data sharing with the UK and FATF-compliant jurisdictions can improve AML/CFT cooperation. Enhanced verification through...

Trump’s executive order halts FCPA enforcement, shifting US anti-corruption priorities, as EU anti-corruption directive 2025 proposes stricter penalties and accountability for global firms

by Jyotsna Bucktowar | Feb 14, 2025

Trump’s Executive Order halts FCPA enforcement, pausing investigations and mandating a 180-day review, weakening corporate accountability. In contrast, the EU Anti-Corruption Directive 2025 introduces tougher penalties, removes immunity for officials, and imposes...

ICIJ reports that a Canadian businessman, previously investigated in the Pandora Papers, has been sentenced to a U.S. prison for attempting to conceal over $40 million in cryptocurrency

by Jyotsna Bucktowar | Feb 11, 2025

Patel, founder of Payza, ran a platform that allegedly facilitated criminal activities, including Ponzi schemes and illicit sales. Despite claiming minimal assets during his 2020 sentencing Patel secretly amassed 450 bitcoin in a Binance wallet before moving it to a...

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FCA’s AI Sprint explores AI’s growing impact, urging the need for trust, clearer regulations, and tackling AI-driven scams, while expanding initiatives like the AI Lab and Supercharged sandbox

OCCRP reports Spanish authorities uncovered a €1.3m Social Security fraud involving care and construction firms, with 4 arrests for concealing income and evading payments

GFI highlights progress in BO transparency across the Cayman Islands, Montserrat, and Bermuda but warns of persistent gaps in public access, enforcement, and verification processes

Trump’s executive order halts FCPA enforcement, shifting US anti-corruption priorities, as EU anti-corruption directive 2025 proposes stricter penalties and accountability for global firms

ICIJ reports that a Canadian businessman, previously investigated in the Pandora Papers, has been sentenced to a U.S. prison for attempting to conceal over $40 million in cryptocurrency

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