It’s not always easy migrating to a new regime, and it’s expected that there’ll be some humps and bumps along the way with adjusting to various changes. So spare a thought for the legal fraternity in New Zealand, where new anti-money laundering rules have hit rather hard, and baffled lawyers… Read More
On July 16th, the European Union instituted a sanctions program that targets members of the current government of the tropical nation of the Republic of Maldives, after President Abdulla Yameen declared a state of emergency and arrested prominent members of the judiciary and the opposition party earlier this year. Read More
Over the years, we have seen a steady growth of biometric technology for innumerable reasons but mostly due to the fact that personal identification and authentication is considered more important than ever. The practical uses of biometrics is growing rapidly, with the aim of bringing more security to consumers and… Read More
Investing in the tropical Mount Cinnamon Resort in Grenada, with its white sand beaches, buys more than a slice of paradise – it comes with citizenship and a passport with visa-free entry to almost 130 countries. Few who take up the offer may ever visit their new homeland but for… Read More
Major financial institutions are drowning in data. With hundreds of thousands of customers, and literally billions of records scattered across multiple industries, sectors and geographic regions, accurately detecting money laundering is not so much like finding a needle in a hay-stack as finding a needle in the entire hayfield. In… Read More
By Eoin Mac Aodha (Senior Associate, Dublin) and Viv Jones (Principal Associate, London), Eversheds Sutherland. Ireland’s new anti-bribery law contains tough provisions, including a presumption of corruption when advantages are given to public officials in certain circumstances. What does this mean for Irish businesses? And will multinational businesses have to… Read More
Financial crime staff in UK firms or in those firms with substantial links to the UK would be well advised to read the 2018 National Strategic Assessment of Serious and Organised Crime (the Assessment) recently published by the National Crime Agency (NCA). The Assessment was published shortly after Rob Wainright,… Read More
For most people looking to land a job in the Nigerian Police Force, the chances are high that a polygraph exam lies ahead for them. The Nigeria Police Force (NPF) has announced that successful candidates in the ongoing recruitment into the service will undergo compulsory polygraph tests (lie detector tests)… Read More
Susan Grossey 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… Read More
Love it or hate it, the risk-based approach (RBA) is a key aspect of compliance work. But what happens when the boss shows up one day with a woefully muddled up RBA plan and expects it to be implemented? A London-based compliance officer recalls being amused at the sheer… 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