Blog

Profiting from Front Line Needs

In this blog I aim to highlight some truly despicable examples of terrorist organisations attempting to gain a financial advantage from the COVID-19 pandemic at the expense of first responders. On this day which marks the 19th anniversary of the September 11 terrorist attacks, we are reminded of the critical…

By Hugo Veazey

Wirecard Scandal: A String of Red Flags

It’s unlikely to have passed you by that there’s currently a bit of a scandal going on in relation to Wirecard. Red flags were raised as far back as 2008 concerning accounting irregularities and more recently it has been reported that Wirecard processed payments for a mafia-linked casino. In this…

By Hugo Veazey

The Time is Now: The Fourth Industrial Revolution and AI

As our working and living circumstances continue to challenge the norms we knew just a few months ago, what can I say that market observers and pundits have not already considered? What I can say is everything has changed … and not much at all. Like most businesses, what RDC…

By Tom Walsh

El Chapo, Frank Costello, and Al Capone: Financial Crime’s CEOs

As we see an increasing range of money laundering activities, cross-border collaboration among legal and financial institutions is imperative to capture organized criminals in order to link seemingly individual crimes that are part of a much wider network

By Colleen Dychdala and Katherine Conroy

Sanctions: Dwindling Effectiveness in the Crypto Era

Trade-driven technology makes the world increasingly interconnected meaning sanctioned countries do not operate in a vacuum. Financial Institutions must tailor their compliance programs around that fact.

By Colleen Dychdala and Katherine Conroy

COVID-19: Opportunity for Some, Financial Crime Risk for Others

The world has officially declared war on coronavirus (COVID-19). In this blog, I will draw information from a variety of sources and look at ways that opportunistic criminals have attempted to exploit the pandemic as well as some of the wider impacts and regulatory response – adding my own thoughts…

By Hugo Veazey

Technology, Cybercrime, and Recessions: An Untimely Trio

Financial institutions and other corporate entities need to be on high alert for criminal activity; timely and comprehensive customer screening is an accurate and efficient way to stay protected, especially during an economic crisis.

By Colleen Dychdala and Katherine Conroy

Tracing the COVID-19 Supply Chain: Wildlife Trafficking

FATF’s decision to make wildlife trafficking a priority for 2020 is proving to be even more imperative considering the coronavirus pandemic

By Colleen Dychdala and Katherine Conroy

Adverse Media and Elder Fraud

Elder fraud and abuse are currently trending in the media as more and more individuals above the age of 60 are exploited by scammers and abusers motivated by financial gain. Comprehensive customer screening programs can help keep these criminals out of the financial system.

By Colleen Dychdala and Katherine Conroy

The Impact of Reputational Risk: Guilt by Association?

Strong brands are built over time and, once established, have real value that is worth promoting and protecting. Reputational risk is everywhere, based not only on your direct actions, but also the behaviour of those around you, including your associations with employees and agents, third party business partners, suppliers and…

By Hugo Veazey