In spite of the advanced precautions taken by the federal government, as well as an increase in awareness by both domestic financial institutions and the general public that have helped to better counter illicit financial activity as it relates to terrorism, recent developments have kept the terrorist threat to American interests significant. While a heavy […]
Read More
In financial crime compliance, particularly in the domain of sanctions screening, the challenge of false positives can be a significant hurdle for institutions. False positives occur when screening software incorrectly identifies a transaction or individual as matching a sanctions list, leading to unnecessary delays and manual reviews. To combat this issue, automated screening software employs […]
Read More
Earlier this month, Global RADAR reported on what appears to be the final chapter in the collapse of once-prominent crypto exchange FTX. The saga ended in company CEO and co-founder Sam
Read More
As the opioid epidemic rages on across North America, state and federal lawmakers have been pressing to bring forth legislation to address America’s growing substance abuse issues with
Read More
This past week, the U.S. Attorney for the Southern District of New York announced that Irina Dilkinska, once the head of compliance for the multi-billion dollar cryptocurrency fraud scheme
Read More
In recent years, Global RADAR has chronicled the global trend of “de-risking” with respect to the banking sector. This practice has historically centered on FI’s – generally based in well-developed
Read More As the burdens associated with maintaining regulatory compliance continue to mount across the United States and abroad, financial institutions small and large have had to invest millions
Read More
With the cryptocurrency market now viewed as the vehicle of choice by various global terrorism organizations for both raising and laundering funds, last week the United States
Read More
Identifying beneficial ownership has been a primary focus in the financial regulatory compliance space over the last several years. In January of 2021, the United States Congress passed the U.S
Read More It was not long ago that cryptocurrency was being heralded by many as “the future of finance.” 2021 marked the last great bull run on crypto, and with this period moving further in the rearview
Read More