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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The passing of the landmark U.S. Corporate Transparency Act (CTA) as part of the greater National Defense Authorization Act in 2021 created a major ripple effect on the American financial realm, one that’s impact is truly beginning to be felt as 2023 draws to a close. Arguably the most significant aspect of the CTA is […]
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The appeal of gambling and wagering on sporting events has enthralled both American citizens as well as their international counterparts for decades. The potential to “hit it big” has drawn individuals from all walks of life to an industry that has long been tied to nefarious financial activity, and one that continues to pose legitimate […]
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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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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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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 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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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 MoreCompliance 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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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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