Financial Crime Compliance | Training | Advisory
Swedbank is overhauling its anti-money laundering (AML) IT infrastructure in the wake of a highly critical report that identified deficient AML detection, control and customer validation systems as the key factors that contributed to the Swedish banks systema…
JPMorgan Chase, the first American bank to create and successfully test a digital coin representing a fiat currency, also provided the most fossil fuel financing out of any bank in the world, according to a 2019 report titled “Banking on Climate Change.” The …
As major central bank digital currency (CBDC) projects develop apace, it is becoming clear that not all digital coins will look, or even function the same way. A recent analysis by Chinese financial media group InterChain Pulse reveals that two of the most v…
DENVER–(BUSINESS WIRE)–The Western Union Company (NYSE: WU), a global leader in cross-border, cross-currency money movements and payments, has continued to closely monitor the development of the unprecedented COVID-19 pandemic in an effort to protect and se…
The American federal law PL 115-44 (CAATSA) is well-known in Russia. It is associated with the codification of a large array of sanctions and other measures related to the Ukrainian crisis, the situation in Syria, Russian influence in Europe and Eurasia, etc.…
The beginning of 2020 was quite stressful for most cryptocurrency exchanges. On January 10, 2020, the 5th Anti Money Laundering (AML) Directive took effect. Some platforms announced their closure, while some threw all their strength into the struggle to meet …
Jamaica is among seven new countries which have been placed on a grey list by Financial Action Task Force (FATF) for gaps or failures in stemming the financing of terrorist groups or money laundering. The list emerged from FATF’s deliberations on global acti…
(Bloomberg) — The victory by hard-liners in Irans election puts parliament back in the hands of people determined to turn the clock back on reconciliation with the West. Expect a retreat from commitments to the hollowed-out nuclear deal as the Islamic Republ…
After three weeks of listening, recording and talking bitcoin (BTC) in Africa, podcaster Anita Posch shares her experiences in part one of this new six-part documentary podcast series. Listen/subscribe to the CoinDesk Podcast feed for unique perspectives and…
The mention of any individual, company, organization, or other entity in this paper does not imply the violation of any law or international agreement on their part and should not be construed as such. The views expressed herein are those of the author alone.…
