Blog

The Week Of: December 2, 2019

FATF to focus on wildlife trafficking, truck drivers get anti-human trafficking training, and New Zealand banks told to do more to halt child exploitation

By RDC Insights

AML Screening: From Onboarding to Monitoring

When it comes to onboarding new clients and carrying out due diligence, financial institutions applying a risk-based approach (RBA) will implement an appropriate level of customer screening. But one client can engage across multiple lines of business with varying levels of risk, creating a paradox: screening drives the risk rating…

By Hugo Veazey

The Hottest Commodity on the Black Market: People

Welcome to RDC Insider Insights. This is the first in a series of posts on a multitude of modern-day financial crimes. We’ve analyzed our global datasets to understand how certain types of crimes and risks are changing over time, both globally and in regional splits, to uncover trends and provide…

By Colleen Dychdala and Katherine Conroy

The Week Of: November 11, 2019

Important sanctions updates regarding Iran, laundering money with luxury goods, and secret NYC condo owners can stay secret for now

By RDC Insights

The Week Of: November 4, 2019

Anti-money laundering compliance challenges in Australia and New Zealand and two global financial regulatory bodies update their cryptocurrency guidance

By RDC Insights

The Week Of: October 28, 2019

Cybercrime on the rise in the U.S., Sweden introducing new AML measures for gambling operators, and solicitors in England bodging their risk assessments.

By RDC Insights

The Week Of: October 21, 2019

Why are Japanese banks exiting the forex business? Plus, the U.S. takes a swipe at shell companies and the FATF demotes Iceland.

By RDC Insights

Ignorance Is No Defense

In his latest blog post, Tom Walsh, RDC’s CEO, explores the importance of managing reputational risk in an increasingly transparent global economy. When it comes to enterprise-wide risk management, most risks are relatively easy to define. If you’re in manufacturing and one of your key tools breaks down, it’s an operational…

By Tom Walsh

Brexit Risks in the Fight Against Money Laundering

Cooperation probably isn’t the first word that springs to mind when reflecting on the Brexit negotiation process to date. Yet it is cooperation between EU member states which continues to play an important role in our joint fight against financial crime. So how much of a risk is the UK’s…

By Hugo Veazey

Fighting Financial Crime Together

In his latest blog post, CEO, Tom Walsh, explores how the UK’s plan to prioritize partnership and innovation is pointing the way in how to fight financial crime. Friends, I want to start by saying ‘thank you’ to those of you who provided feedback to my first post a week…

By Tom Walsh