In wake of the Russia-Ukraine military conflict, several European Union (EU) member states received much-deserved international praise for their openness in harboring displaced migrants
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The adoption of cryptocurrencies such as Bitcoin and Ethereum is rapidly changing the financial industry and redefining the way society views monetary ownership. Global RADAR
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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 […]
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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 […]
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Canadian multinational banking and financial services staple TD Bank is bracing themselves for a potential regulatory storm the likes of which they have never encountered. Reports emerged last week indicating that the financial giant is currently battling claims that their domestic operations are riddled with anti-money laundering-related deficiencies, with the firm expected to face multiple […]
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The long-awaited Corporate Transparency Act (CTA) is officially in effect as of January 1st, requiring beneficial ownership reporting for both American and foreign companies. The very goal of the CTA is in its name: transparency. Given the increasing prevalence of financial crime seen domestically and abroad, the United States is seeking to expose criminal and […]
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Recently there has been a rise in the significance being placed on several key areas of Anti-Money Laundering (AML) and Counter Terrorism Financing (CTF) operations, with one being
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In spite of a significant increase in both attention paid and resources committed to fighting illicit finance at the global scale, money laundering and terrorist financing activity remain
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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 role of whistleblowing in the financial realm has been a driving force in identifying and mitigating fraud and other forms of corporate misconduct for decades. As such, varying departments
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