Newly-elected FATF president T. Raja Kumar spoke in the summer about the need for G20 countries to step up implementation of regulation in the crypto-asset sector or ‘allow criminals to profit from these gaps, at the expense of governments and their people.’ In this edition of Financial Crime in Focus, we take a look at this sector in detail. What is clear is that defences are being tested, not just in the UK but around the world. In the same speech, Kumar stated that of 98 jurisdictions surveyed, only 11 had adopted a ‘travel rule’ to apply KYC to both ends of crypto transactions – an essent ..read more

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This content is password protected. To view it please enter your password below: Password: The post Protected: Meeting KYC/KYB compliance obligations without impacting the client experience appeared first on Financial Crime In Focus ..read more

This content is password protected. To view it please enter your password below: Password: The post Protected: How Can Firms in South Africa Protect Themselves From Financial Crime? appeared first on Financial Crime In Focus ..read more

The genesis and long-term success of a highly engaging platform begins with the best intentions: to connect all the players within its ecosystem with disruptive technology that forges a new and better path to goods and services, shared content and connectivity. Due to your pioneering innovation, ingenuity and sheer drive to deliver on your vision, the platform era is now entrenched in our day-to-day lives – and for many, our business livelihoods. Four of the top five most valuable businesses in the world today are platform companies.1  When you were building your dream and imagining all ..read more

This content is password protected. To view it please enter your password below: Password: The post Protected: Navigating Today’s Turbulent Supply Chain Challenges as Sanctions and Trade Pressures... appeared first on Financial Crime In Focus ..read more

The genesis and long-term success of a highly engaging platform begins with the best intentions: to connect all the players within its ecosystem with disruptive technology that forges a new and better path to goods and services, shared content and connectivity. Due to your pioneering innovation, ingenuity and sheer drive to deliver on your vision, the platform era is now entrenched in our day-to-day lives – and for many, our business livelihoods. Four of the top five most valuable businesses in the world today are platform companies.1  When you were building your dream and imagining all ..read more

The seminal events surrounding Russia’s invasion of Ukraine and the subsequent global sanctions response are a watershed moment for financial crime compliance. The impacts of the swiftly implemented and still-evolving plurilateral sanctions against Russia and expansive import and export bans are ricocheting through the energy sector, commodities markets and the global economy. Businesses in Capital Markets are facing relentless pressure to effectively respond to a shifting situation that remains fluid on multiple fronts. This article explores sanctions compliance strategies to consider as the ..read more

This content is password protected. To view it please enter your password below: Password: The post Protected: Proactively Evaluate Pathways for Bad Actors to Exploit Your Ecosystem appeared first on Financial Crime In Focus ..read more

This content is password protected. To view it please enter your password below: Password: The post Protected: The Impacts of U.S. Sanctions on Russia on Capital Markets appeared first on Financial Crime In Focus ..read more