financial-crime
FinanceThe Battle Against Financial Terrorism Demands Every Tool in the Box
FinanceDeciphering the Complex Relationship Between Cross Border Payments & Regulation
FinanceLeveraging Intelligent Automation in Financial Crimes Compliance
FinanceEnough Is Enough. Banks Must Stop Turning a Blind Eye to Financial Crime
Swiss Press Freedom Dealt Blow in Bid for Overhaul of Bank Secrecy Rules
Date: May 6, 2022
By Brenna Hughes Neghaiwi ZURICH (Reuters) -Lawmakers blocked a bid to overhaul strict Swiss banking secrecy rules on Friday in a blow to freedom of information advocates seeking an exemption for journalists and whistleblowers. Switzerland has been under fire over its press freedom rules after a law introduced in 2015 led a leading media group,...
Attention Bsa Officers: What the Ongoing War in Ukraine Means for Financial Institution in the U.S.
Date: May 5, 2022
By Rene Perez, Financial Crimes Consultant at Jack Henry & Associates More than two months ago, on February 23rd at 5 a.m. local time, Russia invaded Ukraine. Since then, media channels and social media news feeds around the world have been covering developments daily, including the implementation of economic sanctions on Russia. Since the beginning...
Could Putin Be Exploring Crypto to Bypass Western Sanctions and Does This Count Against the Long-Term Prospects of Crypto?
Date: April 27, 2022
By Henry Chambers, Senior Director, Disputes and Investigations at Alvarez & Marsal A great deal of debate has been taking place over the last few weeks as to whether Russian companies and individuals could use cryptocurrencies, such as bitcoin, as an alternative currency for transacting with and, indeed, whether this could bypass the western sanctions...
When Does Cyber Crime Become Fincrime? And What Are the Consequences?
Date: April 21, 2022
By Taylor Humphreys, FinCrime Threat Intelligence Analyst at BAE Systems Cyber crime as a mechanism to commit financial crime (fincrime) has escalated in the last decade as the digital age has grasped our lives. The complex interplay between cyber crime and fincrime is becoming more visible, with countries such as the UK raising cyber crime’s...
New U.S. Sanctions Imposed for Russian Bank, Oligarchs, Crypto Miner BitRiver
Date: April 21, 2022
By Daphne Psaledakis and David Brunnstrom WASHINGTON (Reuters) -The United States on Wednesday imposed sanctions on dozens of people and entities, including a Russian commercial bank and a virtual currency mining company, hoping to target Moscow’s evasion of existing sanctions over Russia’s invasion of Ukraine. The U.S. Treasury Department said it designated a virtual currency...
Greece to Release Russian Tanker Amid Confusion Over Sanctions
Date: April 21, 2022
By Renee Maltezou and Jonathan Saul ATHENS (Reuters) – A Russian tanker impounded by Greece this week and reportedly carrying Iranian oil will be released amid confusion about sanctions on its owners. “The coast guard has been ordered by the anti-money laundering authority to release the vessel,” a Greek government official said, without providing further...