Compliance Management Flaws in corporate culture in recent corporate and institutional scandals have been drawing the public’s attention to corporations and other large entities. The concept of “corporate compliance culture” has come under increasing scrutiny by the public and other parties due to these incidents. Regulators are treating it as a high priority, and boards […]
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In wake of the ongoing turmoil developing abroad, the United States government officially enacted its intervention strategy against the radical Hamas militant organization. While the U.S. Treasury Department and many of its counterparts already had long-standing sanctions in place barring the extremist group from the international banking system, the group was discovered to have been […]
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A major development in the realm of anti-money laundering took place last week as an overseas joint coalition of European forces joined together to bring down one of the largest illicit financial operations seen in recent memory. The European Union Agency for Law Enforcement Cooperation (Europol) announced that judicial and law enforcement authorities comprised of […]
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As everyday technologies continue to become more user-friendly and optimize daily activities for businesses and consumers alike, the growth in both scope and utilization of peer-to-peer (P2P) payment systems in the realm of digital finance has all but replaced traditional cash and check-based transactions in the modern economy. The global P2P payments market size currently […]
Read More As we approach the two-year anniversary of Russia’s unprovoked invasion of Ukraine, the effects of the military conflict continue reverberate on the global financial system. Economic sanctions levied by dozens of major powers around the world have rained down on Russia and Crimea in wake of the onset of the Russo-Ukrainian war, creating a uniquely […]
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In today’s interconnected digital landscape, there are many easy to access software platforms that offer support tools for individuals or entities to help with all sorts of business activities from project management to design labs. Maybe you work for an organisation that is one of these companies. Amid the useful tools these platforms offer to […]
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Over the last week the world has been forced to watch in horror as yet more of violence has erupted in the Middle East – this time spurred on by an unprecedented attack led by the notorious Islamist militant/terrorist group Hamas against multiple Israeli towns beginning on October 7th . The unprovoked terror attacks coined […]
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The United States Treasury Department – the bureau of the U.S. government tasked with promoting the country’s economic growth and maintaining financial security – has already proposed a number of new measures in 2024 aimed at closing loopholes in domestic legislation that remain susceptible to crime. Earlier this year, Global RADAR chronicled the Financial Crimes […]
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Current events have brought to the spotlight the implications of having limited or minimal information on beneficial owners of an account. The leak this week of more than 11 million records from the Panamanian law firm, Mossack Fonseca, has led to a global uproar that prompted Iceland’s prime minister to step aside. An international consortium […]
Read More Since the start of 2024, the Financial Crimes Enforcement Network (FinCEN) has zeroed-in on several key issues for domestic financial institutions to keep track of as the new year unfolds. The identification of concerning trends affecting the realms of finance and regulatory compliance have culminated in new guidance from the regulator, this as the federal […]
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