Featured Articles

‘Is There a Better Way?’: RUSI’s Tom Keatinge on the Imperfection of the SARs Regime

The suspicious activity reporting regime is in need of a “wholesale revolution” that would allow financial institutions to deliver more actionable intelligence to investigators, according to Tom Keatinge, director of the Centre for Financial Crime and Security Studies at RUSI. In a recent episode of KYC360’s AML Talk Show,… Read More

The Art of the SAR

If filing a suspicious activity report is more of an art than a science, it should be remembered that not all art is equal. Like a painting hung in a museum, a good SAR must be the product of focus and intention if it’s to engage its intended audience. For… Read More

Author Tom Mueller on Financial Crime in the ‘Age of the Whistleblower’

Don’t accuse whistleblowers of being in it for the money. So says Tom Mueller, author of Crisis of Conscience: Whistleblowing in an Age of Fraud, during a recent episode of KYC360’s AML Talk Show hosted by Martin Woods. “The vast majority of whistleblowers that I interviewed, their… Read More
Sanctions are intended to exert economic pressure on targeted groups of persons and countries to either prevent conducting business as usual or, at the very least, make it more expensive to do so. It is hoped that such impediments will cause sanctioned parties to reconsider their course of action and… Read More
At times it can seem as if Swedbank’s recent history has been taken from the plot of a Nordic noir novel. There is a procedural bleakness to the Swedish bank’s money laundering scandal and a complexity to it all that does little to resolve the moral ambiguities of institutional malfeasance. Read More
Pressure within financial institutions to generate profits and inadequate enforcement by supervisory agencies have undermined nations’ efforts to fight money laundering, according to Jack Blum, a US-based financial crime expert who serves as a senior advisor for the Tax Justice Network. Blum, who recently spoke with RiskScreen CEO Stephen Platt for… Read More
When we asked our readers last week to let us know how things were going amid the COVID-19 pandemic, we received hundreds of survey responses from career professionals working in financial services businesses, government agencies, technology companies, law firms and other AML-related occupations all around the world. The message by… Read More
With all of the terrible economic news that has followed the COVID-19 pandemic, it’s easy to miss the fact that at least one line of work is welcoming new job seekers: money laundering. As the FBI noted earlier this month, organized crime groups are increasingly turning to so-called “money… Read More
During his time as an undercover agent investigating Pablo Escobar and the Medellin Cartel, Robert Mazur kept two lessons from his training in mind: think like a bad guy, and remember, the bad guys are always smarter than the good guys. Mazur, who recently spoke to RiskScreen CEO Stephen Platt… Read More
Trade is the backbone of the global economy and all of us benefit from the trading of products and services across the continents. Global Trade Atlas (GTA) expected an increase in the real value of global trade in both 2020 and 2021 to respectively 188,70.58 and 197,94.77 USD billion. While… Read More
When the World Health Organization (WHO) designated COVID-19 a ‘pandemic’ earlier this month, it understandably left out another concern linked to the outbreak: how financial crooks might exploit it. Whether it is this virus or another in the future, the significant attention and panic that comes with such outbreaks can… Read More
The financial sector may yet see its own movement to hold institutions and individuals accountable for facilitating corruption, according to Mark Hays, anti-money laundering campaign leader at the advocacy group Global Witness. In a recent interview with AML Talk Show host Martin Woods, Hays said there is an… Read More
In a report published last month, the European Banking Authority (EBA) outlined its recent assessments of how EU nations are supervising and enforcing their anti-money laundering (AML) and counterterrorism financing (CTF) rules. Unsurprisingly, the results weren’t pretty. The authority slammed seven AML regulators from five, unnamed EU member-states for… Read More