Global money laundering transactions account for roughly $1 trillion to $2 trillion annually, or some
2 percent to 5 percent of global GDP, according to a 2018 survey from PwC.
January 30th, 2020
January 30th, 2020
As most wealth management firms know, by June 30, 2020 broker-dealers registered in the United States must comply with Regulation Best Interest.
January 27th, 2020
When you look at your financial crime operations, does the following sound familiar?
January 8th, 2020
It sometimes feels as if we’ve been talking about PSD2 forever, yet awareness of the Open Banking aspect remains limited, even within banking. It hasn’t helped that some markets, such as the UK, have undertaken their own Open Banking initiatives in addition and parallel to PSD2.
December 18th, 2019
As we reach the end of the year, it’s a good time to review what happened in 2019 and turn our attention to the New Year.
December 12th, 2019
We often use the analogy of payments being a little like plumbing – it tends to be hidden away out of sight, and as long as water comes out of the tap, then we generally don’t think about the pipes themselves.
October 21st, 2019
FINTRAC (Financial Transactions and Reports Analysis Centre of Canada) was established to assist in the detection and prevention of money laundering, but the past couple of years have been challenging for it to achieve its mandate.
October 16th, 2019
A few weeks ago, I had the opportunity to attend another annual ACAMS AML & Financial Crime Conference in Las Vegas, Nevada. We all know conferences are a convenient way to spend time with customers and prospects, meet with partners, hear about the ever-evolving market challenges, and watch fellow AML professionals share case studies and lessons learned. But sometimes these conferences can be a whole lot of re-hashed stuff masked as “the new challenges you’ve yet to face, or best practices that you must adopt.”