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AML
A Regione sadipscing ex mea. Option comprehensam ei duo, per facete aperiri deterruisset at, est ut falli viderer tibique. Et tota illum pertinacia sea, ut usu augue vivendum. Amet deseruisse dissentiunt cu est.
Julian Dixon
September 25, 2020
FinCen leaks have exposed huge faults in global AML systems whilst laying blame almost squarely on banks. Find out why we believe it shouldn't be that way.
Criminals have been taking advantage of crypto assets as they are largely under regulated in comparison to traditional institutions.
High levels of AML related regulatory fines and the tiny proportion of illicit funds that are recovered - despite the amount spent on financial crime compliance - show that the current methods for detecting financial crime are falling short. Find out why in this blog.
Standard Chartered is fined 1 billion rupees, Deutsche Bank receives a slap on the wrist and EU watchdogs suggest a single set of AML rules for the region.
Regardless of how you feel, despite massive digital advances, cash remains firmly rooted in our society. There are currently over 70 billion pounds worth of notes in circulation, which is perhaps surprisingly roughly twice as much as 10 years ago.
Germany will begin questioning officials on the Wirecard scandal, while China finally takes steps towards improving their AML measures and the UK pays snitches to catch out tax evaders.
Cyprus is in the spotlight in the week’s headlines, whilst the FCA broadens financial crime reporting obligations to include crypto assets.
Each week the entire Napier team is honoured to spend a virtual hour in an ‘Ask Me Anything’ session with a heavyweight in the world of AML, compliance or enforcement.
The property sector gets a pummeling this week as online estate agent Purplebricks was recently fined by the HMRC for beaching AML regulations, and banks look towards job cuts in compliance departments to deal with financial losses.
Wirecard continues to show flaws in financial crime investagtion processes and Singpoares new S$250 million investment in fintech all in this weeks news roudup.
The worldwide popularity of prepaid cards is growing all the time, but if this market is not monitored effectively it could lead to criminal organisations using it to launder their dirty money.
Monzo sends a warning over its financial crime review, Lithuania’s new anti-money laundering compliance centre and Wells Fargo tries to cut its massive compliance costs.
Napier’s Head of Product Development, Nick Portalski, tells us more about the Risk-based Scorecard and how it fits into an AML system.
Money muling is an ongoing money laundering headache in the fight against financial crime. We explain how intuitions can identify money mules in this blog.
The UK's new financial crime levy, Germany raids their own financial intelligence authority and institutions facing the consequence of not being AML compliant.
The threat of unregulated stablecoins, countries struggling to keep up with EU AML directives; and Deutsche Bank executives involved in Epstein case are named in this week’s headlines
Julian Dixon
July 13, 2020
Current AML systems are slow, outdated and frequently allow financial crime to go unnoticed. So what does the future look like, and how does it affect your compliance processes?
Find out how utilising both agile rule building and AI brings newfound efficiency to transaction monitoring.
Commerzbank is the latest bank to be slapped with a fine from the FCA for non-compliance.
Whether you’re looking to improve or completely replace your transaction monitoring system, the choice and decisions can quite frankly be overwhelming.  
Julian Dixon
June 18, 2020
The Solicitors Regulation Authority (SRA) is to expand its AML visits to all high-risk firms on a three-year rolling basis, along with visiting a sample of lower risk firms.
As countries around the world attempt to pick their economies back up from the shock of Covid-19, the headlines this month are much more forward looking.
The FCA’s Office for Professional Body Anti-Money Laundering Supervision (OPBAS) has released its latest report on the progress that professional body supervisors (PBSs) have made in tackling money laundering.
According to a new report published this month by global money laundering and terrorist financing watchdog, FATF, the Covid-19 pandemic is impacting the abilities of the government ...
2020 has proven to be an unthinkable year. As the unrelenting Covid-19 continues to tear communities apart and claim lives, the related coverage in the media has been almost blinding.
The news this month has again been dominated by the traumatic impact Covid-19 is having on our lives.
Covid-19 has taken, and is still taking, tens of thousands of precious lives. As the world continues to battle the virus, everything about the way we live and work has changed.
Coronavirus has changed our lives this month in ways we couldn’t imagine just a few weeks ago. It has dominated the headlines, and our thoughts and sympathy are with those people that have paid the ultimate price.
Who regulates me? This blog updates an earlier version in which we list the relevant supervisory and regulatory bodies responsible for ensuring the UK's anti-money laundering regulations are upheld. Find out who regulates your industry.
As we enter 2020, with the newly established 5MLD threatening to straighten out anti money laundering controls in the EU and UK, we are confronted with yet more headlines crying corruption.
Julian Dixon
January 6, 2020
How does The Fifth Money Laundering Directive (5MLD) affect prepaid cards?
It is not long now until the Financial Conduct Authority (FCA) becomes the anti-money laundering and counter terrorist financing (AML/CTF) supervisor of UK cryptoasset businesses.
We’re just weeks away from the 5th Anti-Money Laundering Directive (5MLD) being implemented into national law on 10 January 2020.
Facebook is creating its own currency. A global cryptocurrency called Libra.
The Economic Crime Plan was a key theme in this week’s speech from Solicitor General at Cambridge Symposium on Economic Crime 2019.
Whatever relationship you’re in, it can take time to get to know someone very well. More importantly, attitudes and behaviours can change over time.
The global sanctions landscape is currently seeing two key trends: the use of targeted sanctions to achieve geopolitical goals ...
If you’re plagued with the problem of high levels of false positives, you’ll know they are a big and costly problem.
In its 2017/18 annual report, the Financial Conduct Authority (FCA) claims it is currently investigating around 75 firms and individuals for AML issue ...
The anonymous haven that cryptocurrencies offer has long been known to criminals and terrorists.
The financial regulatory landscape for businesses at risk of being involved in money laundering or terrorist financing is one that’s changing on an increasingly rapid basis.
Time is of the essence, especially when it comes to the fight against money laundering.
How do you detect unethical activities with a complex supply chain and silent workforce? The answer lies in automatic screening.
There’s no single anti-money laundering (AML) strategy that’ll protect your organisation from criminals and terrorists. The level of sophistication they use to launder money is frightening. 
There has been talk for a long time about the potential for abuse of a system that allows firms to easily secure a defence against money laundering charges.
There’s nothing so gratifying about the way democracies are run as when national politics influences public policy because of an outburst of public anger.
Blockchain isn’t just going to make a big difference to the war on money laundering - everything is about to change.
Today it remains a costly burden for financial firms... and an opportunity for those of us who don’t just want to sell starfruit.