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AML Roundup: Banking Crisis – Legislation, Reports, & Analyses – Sanctions – Crypto – Money Laundering, Bribery, Fraud, & Corruption

Following the disastrous collapse of Silicon Valley Bank and New York’s Signature Bank, investors are scrambling to work out if any others face equally major problems. In the aftermath, shares in Credit Suisse plunged by over 24% as its biggest shareholder refused to put in any more cash, leading… Read More

AML Roundup: ESG and the Deceitful Art of Greenwashing – Legislation & Reports – Sanctions – Crypto – Money Laundering, Bribery, Fraud, & Corruption

2023 is set to be a crucial year for ESG, with governments across the world implementing new initiatives. Yet many businesses continue to make exaggerated or outright dishonest claims about their environment-friendly credentials in order to gain favour with customers, shareholders, and investors. Which is why… Read More

AML Roundup: FATF Week February 2023 Outcomes – Legislation, Reports, & Analyses – Sanctions – Crypto – Money Laundering, Bribery, Fraud, & Corruption

This week we lead by reporting on the Financial Action Task Force Plenary which took place on 22-24 February and concluded FATF Week. Most notable, was the suspension of the membership of the Russian Federation from the global watchdog due to its ongoing invasion of Ukraine. Delegates… Read More
Today is not only the first anniversary of Russia’s invasion of Ukraine, it also marks an unprecedented international sanctions regime imposed on Russia by a coalition of Western nations. The impact of the resultant sanctions has been mixed, with Russia able to adjust its economy because of huge oil… Read More
Last year global regulators fined gaming and gambling operators a total of $127 million, nearly three times the amount levied in 2021. This increased scrutiny of the sector has been driven by multiple factors, most notably the growing problem of identity verification, and it is set to intensify over… Read More
While whistleblowers are often heralded as unsung heroes who put their livelihoods and lives on the line in the pursuit of the truth, in the past little has been done to protect these courageous individuals. This week we reveal a range of new legislation and initiatives that are being… Read More
The collapse of multiple firms accompanied by increasing levels of financial crime has provided the catalyst for many of the world’s governments to seek greater regulation of the crypto sector. This week we lead on new moves by the US and UK to impose more robust crypto regulations in… Read More
While serving in Afghanistan, Army Capt. Ryan Timoney was severely wounded by Taliban and al-Qaida suicide bombers. He lost his left leg and suffered severe shrapnel injuries to his left arm, chest, abdomen and skull. Today, he suffers from spinal pain and seizures, as well as physical, speech and reading… Read More
Real Estate remains one of the fastest growing targets for money launderers, a trend which is expected to continue in 2023. It’s attractive to criminal elements for a variety of reasons, most notably as many businesses that operate in the sector have notoriously poor structures which prioritise faster transactions over… Read More
Following allegations that Qatar bribed EU officials to win influence, the president of the EU Parliament warned that “European democracy is under attack”. At the time many viewed this as an overreaction, yet following the revelations that Morocco may have been buying influence for decades, the threat is now… Read More
Rarely out of the news these days, the crypto sector is facing a sustained period of upheaval and instability. The demise of FTX, BlockFi and other crypto related businesses is having a knock-on effect, not just in the crypto industry, but in wider financial markets. Bankruptcies, takeovers, and staff… Read More
As the new year gets underway, we lead with some of the key compliance regulations that are predicted to come into force in 2023 and will require increased due diligence across a wide range of areas. From the supply chain to forced labour; product sustainability to an increased focus on how… Read More
Firstly, we would like to take this opportunity to thank you for continuing to subscribe to the KYC360 AML Roundup. We very much hope that our weekly summary of the latest sector-related news continues to provide you with a valuable source of information. 2022 has without doubt proved to be… Read More