Executive Summary We live in an age of crises; ensuring business continuity is no longer a ‘nice to have’ for any firm. It is essential. Financial Institutions in particular are always highly sensitive to the economic disruptions brought by crisis. […]
PEPs and Life Insurance Policies: Things You Should Be Aware Of A politically exposed person (PEP) is an individual with a high profile political role, or who has been entrusted with a prominent public function. They present a higher risk […]
Following the succession of five previous anti-money laundering directives (AMLDs), the 6th Money Laundering Directive reinforces the foundations of the European Union’s anti-money laundering and combatting the financing of terrorism (AML/CFT) framework. The first AMLD came into force in 1991 […]
Guide to money laundering in Dubai, and the importance of Dubai Financial Services Authority (DFSA) One of the most important financial hubs in the United Arab Emirates and the Middle East, Dubai hosts a range of international business interests in […]
Although prepaid credit cards have been available since the 1990s, their popularity grew significantly in the late 2000s and continued to do so over the following decade. By 2027, research suggests that the prepaid cards global market will be worth $3tn, creating […]
Digital payments are growing at an annual rate of 12.7% and are projected to reach 726 billion transactions in 2020. As payment technology goes digital, money laundering methodologies are also changing. To manage those new threats, many financial institutions are […]
EU anti-money laundering directives are issued periodically by the European Parliament to be implemented by member states as part of domestic legislation. European anti-money laundering directives (AMLD) are intended to prevent money laundering and terrorist financing and establish a consistent […]
Fraud and money laundering are often connected in criminal and regulatory contexts. This proximity is reflected in the crossover of responsibilities of anti-money laundering (AML) and anti-fraud employees. However, while they face similar threats, AML and fraud departments often operate […]
The illegal wildlife trade (IWT) is a global problem that threatens the survival of many species, from small reptiles and amphibians to large mammals like elephants, rhinoceroses, and tigers. IWT is driven by various factors, including poverty, the demand for […]
As financial authorities adapt to evolving criminal threats, risk assessment has become a foundation of AML/CFT compliance around the world. Banks and financial institutions must understand how to efficiently manage the money laundering and terrorism financing risks they face in […]
As the largest economy in the world and an influential political power, the United States plays an important role in the global fight against money laundering and the financing of terrorism. The US is a member of the Financial Action […]
Money laundering — the “cleaning” of criminal funds to make them appear legitimate — is big business. According to the United Nations Office on Drugs and Crime (UNODC), the estimated amount of money laundered globally in one year is 2–5% […]
EN
FR