Of course they knew

In just a year and a half, 65.7 million euros and over $1 billion passed through the accounts of just one (1) client, an average of around $2.5 million for every working day.

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EMIR, where do we go from here?

EMIR is the EU regulation to reduce the systemic risk of OTC derivatives by setting guidelines for reporting to the regulators, making clearing mandatory for a large proportion of…

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Crypto and traditional financial institutions

Last week, the French Ministry of Finance announced new (and strict) KYC regulations on cryptocurrency companies to end the still existing anonymity.

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Data Quality in KYC/AML

In order to improve an organization’s ability to produce good quality data the ECB report states that it is important to have a program on data governance.

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Pandemic or not, fighting Financial Crime Compliance is still important

The pandemic still rages across the globe with countries in different degrees of lock down or slowly opening up. The impact on financial crime is not clear yet but headlines from…

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COVID-19 and Tax Integrity

In the context of COVID-19 corporate tax dodging takes on special relevance and the need to address it comprehensively is compelling.

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AML/CFT & COVID-19 Briefing

COVID-19 is creating distress in many societies and economies across the globe. In recent weeks much information has surfaced on how organised crime is evolving to benefit from…

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Risk and Opportunities under COVID-19

The COVID-19 crisis, the lockdowns and travel restrictions have an immediate impact on peoples lives. Likely at least part of that impact will stay. Normal will no longer be what…

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EU Directive on Administrative Cooperation (DAC 6)

On May 25, 2018, the Counsel of the European Union has issued the Council Directive (EU) 2018/822 (DAC6). Member states will have adopted and published, by 31 December 2019 at the…

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Trade Based Money Laundering, Tax Evasion and Developing Countries

Trade-based money laundering (TBML) and tax evasion contributed to a nearly $9-trillion loss for developing countries between 2008 and 2017, according to a recent report published…

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