In this exclusive interview KYC360 talks to Tom Keatinge, Director of the Centre for Financial Crime and Security Studies at the Royal United Services Institute (RUSI) in London, where his research focuses on matters at the intersection of finance and security, including the use of finance as a tool of… Read More
A recent joint report by the European Banking Authority (EBA), the European Securities & Markets Authority and the European Insurance and Occupational Pensions Authority (the Joint Supervisory Authorities, or JSAs) has highlighted current money laundering and terrorist financing risks to the EU’s financial sector participants. Transaction monitoring and suspicious… Read More
“Believe ME.” So says David Lewis, Executive Secretary of the FATF, in relation to the Mutual Evaluation [ME] Reports published in respect of countries assessed by the FATF. He also believes in what he does and what you and I do as fellow members of the Global AML/CTF Community.  He… Read More
The latest gathering of the global anti-financial crime standard-setter, the Financial Action Task Force (FATF) – the first under its Chinese presidency – included a number of eye-catching items reflecting the incoming president’s Objectives statement.  The plenary considered long-ignored threats such as money laundering associated with the illegal… Read More
By Ronald F Pol, La Trobe University Money laundering rarely gets as literal as the case in Thailand last week, where police raided homes of a ring suspected of laundering a billion baht (about A$48 million) of drug proceeds and found millions stashed in a washing machine. Stories… Read More
Understanding why Hezbollah has deep roots in the drug trade requires a historical view of Lebanon. Businessmen from the area of the world now known as Lebanon have been superior merchants for thousands of years. From the time that the Canaanites and Phoenicians controlled this region in 1550 BC, they… Read More
In his first speech as the UK’s new prime minister in July, Boris Johnson slipped in a passing reference to free ports that sent alarm bells ringing across the nation’s anti-money laundering (AML) community. Speaking outside of 10 Downing Street, Johnson had called on the country to “look not at… Read More
In this exclusive interview KYC360 talks to one of the world’s leading AML commentators Martin Woods. Best known as the ‘Wachovia Whistleblower’ Martin was formerly a Metropolitan Police Officer and latterly the Head of Financial Crime at Thomson Reuters. Read More
While covertly operating within the underworld as a money launderer, I had the occasion to deal with some of the most notorious money launderers in the world. I’ll never forget a particular steamy evening in Panama when I was having dinner with an old friend of Panamanian General Manuel Noriega. Read More
Professional football clubs and players’ agents will be required to report suspicious transactions to the police or face criminal sanctions, just like banks, if radical measures proposed by the European Commission are adopted. These measures are recommended in the Staff Working Document that accompanied the Commission’s recently published Supranational Risk… Read More