Global RADAR’s Weekly Roundup
OneCoin Compliance Chief Pleads Guilty to Money Laundering, Wire Fraud This past week, the U.S. Attorney for the Southern District of New York announced that Irina Dilkinska, once the head…
Circumventing De-Risking Safeguards, Big Banks Turn to Risk “Transfers”
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…
The Shocking Collapse of FTX: The Closing Act
In late 2022, Global RADAR chronicled the shocking fall of what was once the world’s most popular cryptocurrency exchange, FTX. Behind the organization’s demise was none other than founder and…
Treasury Proposes Groundbreaking Regulatory Response to Crypto-Mixing Epidemic
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 Treasury Department’s Financial…
U.S. Watchdog Issues Terror Finance Alert as Treasury Wages Sanctions Onslaught on Hamas
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…
Trending: Hamas Attacks Funded by Crypto, Failed Foreign Policy Initiatives?
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…
U.S. Justice Department Joins Whistleblower Reward Movement
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…
EU, US Progress Sanctions & Anti-Evasion Efforts Against Russia
Western sanctions against Russia are currently being revamped as part of what appears to be a novel one-two punch from the United States and European Union (EU), with the two…
Reasons Why AML Software Has Become More Important Than Ever
It is a given that AML regulations have to evolve all the time to cope with money laundering. Humans alone cannot accommodate all the aspects needed for compliance. Software packages…
Anti Money Laundering & Why Is It Important?
Money laundering is the process by which criminals disguise the illegal origins of their money. Anti-money laundering (AML) policies are designed to prevent this from happening and have been used…