2021 Q1 Trend Letter
Following the 2008 financial crisis regulators and the industry resolved to improve their control of the OTC derivatives markets and a raft of regulations ensued. For Europe EMIR was adopted and in…
0 Like0 Comments1 Minute
The AML system is broken
Conventional wisdom dictates that an investment is justified by the return it provides. This clearly is not a driver for the $180B banks spent in 2020* fighting money laundering because, let’s face…
0 Like0 Comments5 Minutes
Of course they knew
Reading this summary https://www.riskscreen.com/kyc360/news/newly-obtained-audit-report-details-how-shady-clients-from-around-the-world-moved-billions-through-estonia/ of what happened at Danske Bank…
0 Like0 Comments5 Minutes
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 the trades and…
0 Like0 Comments6 Minutes
2020 Q4 Trend Letter
What a remarkable year 2020 was! As it draws to a close we keenly look forward to what 2021 may bring. In this last Trend Letter of 2020 we focus on several subjects that we think will matter to the…
0 Like0 Comments1 Minute
Crypto and traditional financial institutions
In a way I’m probably like many professionals coming from a traditional banking environment and have a bit of a blind spot for anything like crypto or distributed ledger technology, bitcoin and token…
0 Like0 Comments4 Minutes
Data Quality in KYC/AML
Ever since in May 2018 the ECB published the “Report on the Thematic Review on effective risk data aggregation and risk reporting” data quality has improved – not only in Europe- as one of the big…
0 Like0 Comments7 Minutes
2020 Q3 Trend Letter
As the world focuses on controlling the COVID-19 pandemic, the plague of financial crime continues to thrive. This quarter's Trend Letter focuses on the global business of cybercrime (estimated…
0 Like0 Comments1 Minute
Living in a New Reality, a Perfect Storm with Changing Dynamics
By Victor van der Kwast These days we live in a perfect storm, with global warming, COVID-19, geopolitical shifts, power struggles, election campaigns, the next steps (or not) in Brexit and a new way…
0 Like0 Comments7 Minutes
The Impact of Ethical Guidelines on Reality
Two announcements caught our attention over the last weeks… One from the MAS, publishing a set of guidelines on individual accountability and conduct [1] and another one where the EU calls for a…
0 Like0 Comments3 Minutes
Cybercrime – a Global Business
The activities of cyber-criminals, whether working individually, as part of a small gang, as organised crime groups, or even for a nation state, have resulted in annual total cyber-crime revenue…
0 Like0 Comments8 Minutes
2020 Q2 Trendletter
Perhaps unsurprisingly, i-KYC devotes a lot of attention this quarter to the impact of the Corona pandemic on financial crime prevention. Click here to read the Trendletter
0 Like0 Comments1 Minute