The ‘Travel Rule’ was first introduced by FinCEN in the US’s Bank Secrecy Act (BSA) and came into effect in the US on May
Adam McLaughlin possesses several years of operational experience identifying, investigating and mitigating financial crime risks. He previously worked as an AML compliance manager for J.P. Morgan and before that spent nearly 10 years as a Police Detective in the UK. Part of this was managing a financial crime investigation team in the City of London Police, the UK’s national lead force for economic crime.
Adam was also an operational member of the UK Joint Money Laundering Intelligence Taskforce (JMLIT). The JMLIT is a joint public and private partnership whose aim is to work together to share intelligence and information to fight financial crime and identify new threats.
Rapidly Changing Russian Sanctions Landscape – Are You Keeping Up?
With the ongoing conflict between Russia and Ukraine, many countries around the world, including the G7 members, have introduced unprecedented financial sanctions. These sanctions
How to Identify and Address True Customer Risk
It is nearly impossible for financial services organizations (FSOs) to fully understand all the risks they are exposed to. Finance being the bedrock of
AML Predictions – Looking forward to 2022
As we start off another year, let’s revisit my 2021 AML predictions to see how they held up, and explore what 2022 may hold.
FCA Increases Regulatory Pressure to Strengthen AML Controls for Trade Finance
On September 9, 2021, the FCA sent a ‘Dear CEO’ letter to firms carrying out trade finance businesses. The letter informed firms of their