464 Results from /crime
Frank Cummings CEO at AML Partners LLC
The Uvalde ,Texas school shooting was yet another horrific and unimaginable act of violence in the U.S. And that particular kind of horror has been categorized by some as “social violence”—a type of event whose traits often include signals pointing toward and even previewing the violent events. Given the many red flags tied to many acts of social ...
23 June 2022 /regulation /crime RegTech
Retired Member
Meeting the requirements of ever-evolving anti-money laundering (AML) and counter terrorist financing (CTF) laws, regulations and guidance is no mean feat. The sheer depth and breadth of requirements from such as wide range of bodies, can be daunting for even the most seasoned industry experts. The first place they might look in relation to AML ...
23 June 2022 /regulation /crime
Rodrigo Zepeda CEO at Storm-7 Consulting Limited
By Rodrigo Zepeda, CEO, Storm-7 Consulting INTRODUCTION The pro forma template ‘Model Mandatory Disclosure Rules for CRS Avoidance Arrangements and Opaque Offshore Structures’ (MMD Rules) were published by the Organisation for Economic Co-operation and Development (OECD) on 9 March 2018. In practice, it may be difficult for firms around the world...
23 June 2022 /regulation /crime Exposing Financial Crime
By Rodrigo Zepeda, CEO, Storm-7 Consulting INTRODUCTION The ‘Model Mandatory Disclosure Rules for CRS Avoidance Arrangements and Opaque Offshore Structures’ (MMD Rules) were published by the Organisation for Economic Co-operation and Development (OECD) on 9 March 2018. Firms should note that the international legal framework supporting the implem...
22 June 2022 /regulation /crime Exposing Financial Crime
Gabriel Hopkins Chief Product Officer at Ripjar
As recently as 2020, the Centre for Social Justice estimated that there were 100,000 or more modern slaves in the UK. And estimates suggest that globally indentured labour generates between $50-150bn. Criminal gangs use various sophisticated psychological, financial, and physical techniques to maintain control over their workforce. Often targeting...
21 June 2022 /regulation /crime RegTech
By Rodrigo Zepeda, CEO, Storm-7 Consulting This multi-part series of blogs will introduce readers to what have been generally referred to as the ‘Model Mandatory Disclosure Rules’ (MMD Rules). Their full title is the ‘Model Mandatory Disclosure Rules for CRS Avoidance Arrangements and Opaque Offshore Structures’. This Briefing Series will provid...
21 June 2022 /regulation /crime Exposing Financial Crime
Joost Van Houten Founder & CEO at Sentinels
The advent of artificial intelligence (AI) and machine learning (ML) in financial services is pushing the eternal battle against money laundering into a new phase. For some time, in a bid to curb the amount of illicit finance passing through their systems and to comply with ever-tightening regulations, financial institutions have been throwing mone...
20 June 2022 /regulation /crime Banking Regulations
Fahmid Kabir Product Evangelist at Protopia AI
Fraud: The New Language of Love Falling in love, for most people, can be the most exhilarating feeling in the world. But love also asks a lot of us, requiring the needs of others to be put before our own—a task that takes commitment, courage, and sometimes hardest of all: vulnerability. But what if someone abused that vulnerability? What if th
14 June 2022 /payments /crime Fintech
Simon Luke UK Country Manager at First AML
Superyachts seized, banks sanctioned, and assets frozen. The Ukrainian conflict has shone a light on a problem bubbling under the surface for many years: Russian money laundering. The wealth of Russian oligarchs is nothing new. London even has a 'Red Square' of real estate primarily owned by Russian billionaires. However, as each new sanction is i...
07 June 2022 /regulation /crime Law and Finance
John Bertrand MD at Tec 8 Limited
On seeing what looked like a factual internet reporting on Jeremy Clarkson on Day Time TV making money investing in a company using algorithms, a colleague and I agreed to go 50/50 on the €250 initial minimum investment. After filling in the questionnaire, the scammers called me on the number below and took the €250 fee. Upon re-calling the number...
06 June 2022 /payments /crime Financial Services Regulation
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