Industry Insight

The elephant in the room! I have observed with increasing unease and frustration for some time now how despite the very honest and diligent efforts of the band of brothers and sisters in the financial crime compliance profession around the world we…

At the moment, people in perceived positions of power and hence potentially vulnerable to corruption must be flagged as a PEP including their spouses, close associates and family members.  Okay, I get that.  Because you can have a public figure who…

The unchartered and unregulated seas of virtual currencies have until now provided rich pickings for those peddling illicit goods, sanctions and tax evaders and money launderers. With the notable exception of the rulings provided by FinCEN and the ‘…

When a piece of art sells for a world record fee of $430 million, and your first thought is that this represents a perfect case study for money laundering, you start to think that you may have been in the financial crime compliance profession for to…

Which country in Africa performs better than almost every other country in the world concerning bribery and corruption according to its citizens?According to the latest report by Transparency International, The Global Corruption Barometer, the citiz…

Thinking like a poacher is critical to managing an effective and meaningful risk assessment process and countering the risk of supporting their illicit activities. Well-resourced and committed criminal financiers and terrorist financiers will be aw…

Today we learned of the premature demise of yet another UK Member of Parliament, who was responsible for guiding the nation on matters of ethical and lawful conduct, because of personal conduct that is unbecoming of a peer of the realm and allegedly…