The rise of cryptocurrency has ushered in a new era of increasingly complex money laundering scandals, with regulators outpacing the new digital avenues of fraud.
The UK govt. considers introducing digital pound, GMP’s Economic Crime Unit recovers over £10 million, and corruption links found in the UK golden visa review.
Mizuho Bank Luxemburg upgrades its Transaction Monitoring framework strategy through a partnership with Napier, the financial crime compliance technology specialist.
Biden signs new legislation on human trafficking; Netflix release 'Madoff: Monster of Wall Street; Austrac warns crypto is becoming mainstream in money laundering
Allegations related to World Cup host Qatar leads to a call for reform in the EU, and a setback for AML efforts in the US as critical legislation is knocked back.
A consensus on a tough AML rule book by the EU council; a crackdown in Hong Kong on a money laundering syndicate; a push for a Congressional bill on AML changes in the U.S.
Technological transformation in the UK is causing banks to make changes and the U.S. the Department of Justice faces challenges to money laundering charges.
EU rules to revoke public access to beneficial ownership information; UAE regulators plan to strengthen information sharing laws; and King Charles’ charity could be investigated.
Dr Janet Bastiman, Napier’s Chief Data Scientist, is taking on a walking ultramarathon in support of Cancer Research UK. Find out how to support her here.
This week, Netflix blew the whistle on the FIFA corruption scandal; German authorities sought to end unlimited cash transactions; and the FBI may issue FTX’s ex-CEO a red card.
Marcus Markland-Montgomery, a Data Scientist at Napier, and a team at Politecnico di Milano, set out to distil the best qualities that supervised and unsupervised machine learning models can offer in 'Amaretto'.
Oligarchs among the offshore owners of UK property; prosecutors consider letting former Louvre director and curator go; and billions in crypto stolen from the Silk Road seized.
MAS reiterates the importance of sanctions against pro-Russia groups; a UN insider warns crypto-funded terrorism is increasing; and the UK’s new bill would rename crypto assets.
It’s estimated there are almost three billion online gamers worldwide and regulations in this industry are still rather lax so the potential for financial crime is vast.
Learn more about compliance, AML and technology, and how we aim to revolutionise this space. We write about industry matters, regulatory concerns, the financial crime headlines and, last but not least, our favourite topics - technology and AI.