As part of the ongoing global crusade against illicit financial activity, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) is constantly canvassing the global financial landscape to identify emerging threats and patterns within financial data submitted by covered financial institutions under the Bank Secrecy Act (BSA) for purposes of maintaining national security. […]
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I was honoured to attend the recent International Anti‑Financial Crime Summit 2025 in London, where, as a compliance professional, I found the discussions both timely and compelling. Below is a reflection on my experience: what the summit set out to achieve, some of the noteworthy speakers, and why the emergence of agentic AI-driven approaches is rapidly becoming central to […]
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In a landmark collaboration, the United States and the United Kingdom have launched their most extensive joint operation to date, targeting sprawling cyber-criminal syndicates operating out of Southeast Asia. Announced by the U.S. Treasury Department on October 14, 2025, these unprecedented actions target networks responsible for reportedly laundering billions in funds derived from nefarious activity […]
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In a bold strike against international corruption, the U.S. Federal Bureau of Investigation (FBI) has indicted two men accused of orchestrating a money-laundering scheme linked to Venezuelan President Nicolás Maduro’s inner circle, with the reach of this illicit operation spanning across multiple countries including the United States, Venezuela, Uruguay, and the Dominican Republic. The latest […]
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In the world of maritime sanctions, marine insurers and P&I clubs play a vital role in protecting the sector from regulatory and operational risk. But as expectations from regulators increase and sanctions regimes grow more intricate, relying on standard compliance approaches is no longer enough. Two areas are particularly critical for effective sanctions risk management: […]
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In a week that has highlighted the Trump administration’s de-regulatory agenda on financial oversight, the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) announced multiple developments in their attempts to ease compliance burdens on non-banking institutions while still maintaining appropriate anti-money laundering (AML) and counter-terrorism financing (CFT) protocols to protect national security. These updates – […]
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In a significant development for one of Europe’s largest banks, UBS Group AG has agreed to pay a reported €835 million ($985.6 million) to settle a long-standing tax evasion case in France. The settlement, announced on September 23rd, 2025, resolves allegations that the Swiss banking giant assisted its wealthy French clients in evading taxes between […]
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The modern financial sector is a busy place. Millions of transactions happen every day. This high volume creates many new risks. Fraudsters, money launderers, and other bad actors are always looking for new ways to do harm. For a long time, risk management was a game of waiting and reacting. We would wait for a […]
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Amid an ongoing global goldrush in investment into the cryptocurrency arena, ‘Stablecoins’ continue to gain notable popularity, with their rise connecting to broader economic conditions and key developments in the crypto market as a whole over the past several years. As is implied in their name, Stablecoins offer price stability for payments, remittances, and trading, […]
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A company’s reputation is one of its most valuable assets. It is built on trust. It takes years to build but can be lost in a minute. For financial institutions, this is a top concern. We rely on the public’s trust to operate. A single misstep can lead to huge fines, loss of business, and […]
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