In a cover story for Dawn, Pakistan's leading English-language newspaper, journalist Khurram Husain writes that money laundering has become central to the normal functioning of the country's economy. Speaking to Amos Wittenberg, Khurram explains how this came to be and whether it is likely to change any time soon. Read More
If it is genuinely the Conservatives’ aim to strengthen the UK’s response to white collar crime, scrapping the SFO would be counterproductive. The agency is a world-leading repository of expertise on financial crime. In recent years it has taken a number of courageous decisions to mount prosecutions in complex and demanding areas of the law that a lesser agency would have filed as ‘too difficult.’ Read More
All told then, the UK should be in a good position to rigorously prosecute breaches of anti-money laundering regulations. But according to a report published in The Times in March 2017, it isn’t happening. Read More
KYC360's Tom Devlin interviews Simon Gaudion, Director of the Enforcement Division at the Guernsey Financial Services Commission. Read More
Susan has been making her living from crime for over twenty years.  She provides anti-money laundering training and advice to the regulated community in the UK, Guernsey, Jersey, the Isle of Man and Gibraltar, and writes and talks on the subject at every opportunity.  As her hobby she writes… Read More
In March, the Royal United Services Institute released a final report on its 18-month investigation into the patterns of illicit trade in tobacco, alcohol and pharmaceuticals in Europe. It makes for startling reading. Read More
Stefan Cassella of Asset Forfeiture Law, LLC discusses a recent Sixth Circuit judgement which establishes that assets can themselves be the proceeds of an underlying “specified unlawful activity” (SUA) and therefore that “proceeds” for purposes of the money laundering statute need not be money. Read More
Magnitsky’s death received extensive publicity and has become something of a symbol for the fight against corruption in Russia. It continues to have political implications. Read More
In a 2012 Ernst & Young report, Ukraine was classed as one of the world’s three most corrupt countries. In 2001, during the administration of Leonid Kuchma, post-Soviet Ukraine’s second President, 80% of voters agreed with the statement that the government had no real interest in punishing corruption. Read More
Secondary Sanctions are the third tool in OFAC’s sanctions arsenal, which also include the traditional country-based and list-based sanctions. But are they effective and are they appropriate? Michael Carter investigates. Read More
Must Read

Bearing witness to financial crime, across party lines

If it seems like an odd recipe for financial oversight, it’s also a surprisingly effective one: take five to ten congressional staffers, exile them to a squalid basement office with “hard-boiled” charm in the U.S. Senate’s oldest building, give them access to subpoena powers and a seemingly endless series of… Read More

Anti-money laundering analysis: UK FCA and EU blacklists update

A key element in the application of the risk-based approach (RBA) to financial crime is the identification by a firm of those countries with which its customers are closely linked and which are also adjudged to be high risk in financial crime terms. There are many lists of such high-risk… Read More