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    28 July 2017

    Your career, your way: 7 ways to find the right professional qualification

    A professional qualification is often considered a commitment: a commitment to your career and the development of your professional capabilities. In an environment that changes continually, it’s imperative to have the right toolkit to perform your duties confidently and competently. As a result of this ever-changing environment qualifications become an essential part of your career trajectory. Finding the right course requires careful research, as it is an undertaking that is a significant commitment to your career, and you will undoubtedly want to make sure that you are assessing all of your available options.....More

    Words by Jennifer Trenery

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    17 July 2017

    Regulatory framework for distributed ledger technology planned in Gibraltar

    Distributed ledger technology (DLT) – of which blockchain is one particular type – is a decentralised database. This means that instead of records being held by one trusted entity that is the true source of the information (which is how many databases operate at the moment in the form of a ‘centralised ledger’), a group of peers maintain a shared database. Therefore, the consensus of the group is the record: there is no single trusted source.....More

    Words by Holly Whitehead

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    11 July 2017

    Do you know where your corruption risks lie?

    Transparency International work globally in leading the fight against corruption. One of the ways in which they raise the profile of corruption is through the Corruption Perceptions Index (CPI). The 2016 CPI ranked 176 countries in terms of how corrupt they are perceived to be on a scale of 1 (highly corrupt) to 100 (very clean).....More

    Words by Simone Jones

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    23 June 2017

    Cronyism and Corruption in South Africa

    South Africa is undoubtedly a success story, from its lush wine lands which produce world class wines, diamond mines producing gems sold all over the world, to the Kruger National Park, which is populated by big game and is a huge magnet for tourists. South Africa seems to have it all, so why is its leader getting it so wrong? And what effect could this have on how the country is perceived around the world?....More

    Words by Jason Morris

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    26 May 2017

    FA Cup Special: the 4-3-3 lines of defence

    This weekend sees the annual English FA Cup Final. It’s been previously reported that this football match can attract half a billion viewers from across the world. Chelsea won the English Premier League this season. This was widely lauded as being down to a switch to a 3-5-3 formation in the early autumn. Arsenal have often utilized 4-3-3 formation. The ‘3 lines’ seems to dovetail rather nicely with the ‘3 lines of defence’ mode (3LOD), which is widely used in regulated firms to provide a systematic approach to risk management. Let’s explore that a bit further so we can draw out the similarities.....More

    Words by Dave Robson

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    19 May 2017

    The future of anti-bribery and corruption

    Bribery and corruption is a global issue, generating increasing public outcry and requiring international coordination. The direction of travel is clear – anti-bribery and corruption (ABC) is – finally - firmly on the agenda of government agencies, non-governmental organisations, media outlets and the public.....More

    Words by Rebecca Cummings

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    19 May 2017

    What happens if we don't wake up?

    Interview with Peter van Veen, Director of the Business Integrity Programme and Rachel Davies Teka, Head of Advocacy, Transparency International....More

    Words by Peter Van Veen

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    18 May 2017

    Anti-Bribery and Corruption Training

    In order to achieve good understanding of, and compliance with, your anti-corruption policies, you need a process that transfers the necessary knowledge, insight and skill to those who serve your organisation.....More

    Words by Dave Robson

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    18 May 2017

    Designated by D.C.: How US Sanctions Combat Foreign Corruption

    The use of sanctions as an international means of affecting change has grown exponentially in recent times. As countries become less and less keen to use military force, the world has turned to sanctions implementation as a means of impacting international change, both politically and socially.....More

    Words by Saskia Rietbroek

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    18 May 2017

    Effective Ethics – how to support an anti-corruption compliance culture in Europe

    Panama, Brazil, Afghanistan, China, Malaysia, Pakistan, Ukraine, Angola, South Africa. Examples of corruption cases abound beyond the limits of European geography. A cursory look at the Transparency International Corruption Perception Index shows plenty of low-ranking jurisdictions, many situated at a substantial distance from continental Europe. Does this mean that European companies, executives, regulators and prosecutors can sit back, head early for the beaches of the Mediterranean this summer and leave their international counterparts to manage these anti-corruption risks far from Madrid, Paris, Rome and other EU capitals? Clearly, the answer is ‘no’.....More

    Words by Murray Grainger

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    17 May 2017

    Why We Say Yes

    Why would someone well educated and well compensated risk their own liberty to pay a bribe? Richard Bistrong covers the reasons why we say yes.......More

    Words by Richard Bistrong

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    17 May 2017

    FIFA: The Beautiful Game?

    Fifa, football's world governing body responsible for promoting and protecting the sport, has done more damage to the reputation of the game than any other organisation or individual.....More

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    17 May 2017

    Top Ten FCPA Fines

    As this is Anti-Corruption week, I thought it would be good to take a look at the top ten fines handed down to companies under the Foreign Corrupt Practices Act (FCPA).....More

    Words by Holly Whitehead

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    17 May 2017

    Corruption in Asia: Movies, money laundering and private banks

    Asia and the rest of the world has been rocked by the 1MDB corruption scandal which has seen investigations triggered around the globe including the United States, Singapore, Switzerland, the United Kingdom, Hong Kong and Malaysia.....More

    Words by Dione Schick

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    16 May 2017

    The importance of transparency and challenging a collusive culture

    Listen to Sally Scutt, ICA Strategic Advisor interview Annabel Reoch, UK Head Anti-Bribery and Anti-Corruption, KPMG about the importance of transparency and challenging a collusive culture.....More

    Words by Sally Scutt

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    15 May 2017

    Corruption: Perception and reality

    ICT compares results from the World Economic Forum publishes annual corruption index and Transparency International's Corruption Perception Index (CPI) in this Prezi presentation.....More

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    15 May 2017

    How did we get here – an ABC of Anti Bribery and Corruption

    There is a good chance that corruption is a subject of both personal and professional concern to you. If that is the case, it is a sentiment you share with individuals the world over.....More

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    9 May 2017

    JP Morgan: A bribery case study

    Historically, there hasn’t been a large number of high profile enforcement actions in relation to bribery. The low numbers could be taken as a sign that regulators are not focusing on this risk or conversely that firms have improved systems and controls so much that bribery is a thing of the past.....More

    Words by Richard Wegrzyn

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    27 March 2017

    Brexit, Fintech and Big Data: Joining the dots in Ireland

    It is fascinating how apparently unconnected points can be linked to reveal compliance challenges and opportunities. How, for example, does Brexit connect us to AML regulations, FinTech and Big Data in Ireland?....More

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    6 March 2017

    Crime Survey for England and Wales

    In January this year, the Office for National Statistics released its latest Crime Survey for England and Wales (CSEW). The CSEW is a face-to-face victimisation survey where individuals resident in England and Wales are questioned about their experiences of a selection of offences in the last 12 months. This survey - which covers October 2015 to September 2016 – includes for the first time the offences of fraud and computer misuse (also known as cybercrime). Although the CSEW is unable to compare the results for fraud and cybercrime to previous years, the figures are still pretty staggering.....More

    Words by Holly Whitehead

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    9 February 2017

    Volkswagen fraud: US issue $4.3 billion fine

    We examine the case of automotive giant Volkswagen, the most recent household name to be hit by US authorities for breaching laws and regulations.....More

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    31 January 2017

    Top FCA Fines of 2016 Infographic

    We break down combined fines of nearly £18 million issued by the Financial Conduct Authority to five top offenders in 2016.....More

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    27 January 2017

    Reviewed: 2016 Corruption Perceptions Index

    Transparency International’s 2016 Corruption Perceptions Index was released this week, so we've taken a look at the more notable movements in this year's report.....More

    Words by Holly Whitehead

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    19 January 2017

    Ireland, Technology and Integrity

    A large number of global information, communication and technology (ICT) companies are based in Ireland.....More

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    10 January 2017

    FATF Mutual Evaluation – United States

    The Financial Action Task Force (FATF) released this month their first Mutual Evaluation of the United States since 2006.....More

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    6 January 2017

    Brazilian firms receive largest ever foreign bribery fines

    Odebrecht and Braskem, two Brazilian companies, have been fined at least US$3.5 billion after pleading guilty to bribing government officials.....More

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    5 December 2016

    Financial regulation in the US: an uncertain future?

    The President-elect of the United States is a man on more familiar ground on Wall Street than in Washington DC, and yet Donald Trump will surely be focusing his attention on the banks when he moves into the White House in January.....More

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    28 November 2016

    No Double Dutch in sight! Corporate Governance and Anti-Bribery Standards in the Netherlands

    The Netherlands has a long history of navigating the world and trading with other countries. Trade creates wealth and is a vehicle to spread new knowledge and best practices. But trade also raises tremendous risks, especially in regions outside Western Europe and the United States.....More

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    21 November 2016

    Gibraltar and Brexit – Rock and a Hard Place?

    Brexit has been a huge story all year, and will continue to be so throughout 2017 as Article 50 is triggered. Living and working here in the UK, I’m constantly bombarded with opinions telling me what the potential impact of leaving the EU could have on me and my family’s future. But what about the UK overseas territories? Gibraltar, for example, which, from memory, was the first region to declare their results from the EU referendum on June 23rd - voted an overwhelming 96% for the ‘Remain’ side. What are the implications of the overall result for this unique part of the UK?....More

    Words by Jason Morris

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    11 November 2016

    Cyprus’s economic crisis: why effective GRC is essential

    Numerous reasons have been cited for Cyprus’s economic collapse, but one of the most enduring has been the charge of weak corporate governance in Cypriot banks. The demise of the now defunct Laiki Bank, previously the second biggest bank on the island, is indicative of the weak Governance, Risk and Compliance (GRC) framework that existed across Cypriot financial and governmental institutions.....More

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    3 November 2016

    Greece: Could effective GRC have prevented the economic crisis?

    Governance, Risk Management and Compliance (GRC) have been shown to be interconnected concepts. Applied effectively in a business, they can reduce costs, cut inefficiency and improve communication throughout an organisation; GRC can help ensure a businesses’ goals and objectives are better defined, the company structure improved and regulations properly adhered to. Indeed, strong GRC lays the foundations for potential company growth.....More

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    1 November 2016

    Ireland concerned Brexit will damage anti money laundering efforts

    Britain’s referendum on withdrawal from the European Union sent convulsions across Europe, and the uncertainty that the decision to leave triggered across the continent is felt nowhere more keenly than in Ireland. The Irish National Risk Assessment on Money Laundering (ML) and Terrorist Financing (TF) makes this explicitly clear; Brexit makes up a third of the ML/TF risk-enhancing factors for the Irish state.....More

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    26 October 2016

    Technology: the future of tackling insurance fraud in Ireland?

    The insurance market is a dynamic sector offering increasingly sophisticated products to its customers and providing competition to other parts of the financial services industry. The insurance sector’s growth is particularly noticeable with some jurisdictions reporting a doubling of premiums in the last decade.....More

    Words by Holly Whitehead

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    25 October 2016

    Sweden: A World Leader for Transparency

    Sweden was the first country in the world to introduce freedom of the press as a constitutional right in 1766. This long tradition included the principle of freedom of information, giving both the general public and the mass media access to public records.....More

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    13 October 2016

    Do you really know your customer?

    Do you know your customer? Do you? Really? If someone asked you to “sum up the financial crime risks posed by the relationship”, would you be able to do it?....More

    Words by Dave Robson

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    4 October 2016

    Our top seven Switzerland blogs on money laundering, terrorist financing and beneficial ownership

    A round-up of our insight about money laundering, terrorist financing and beneficial ownership in Switzerland.....More

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    27 September 2016

    Beneficial ownership: A new era of openness? (United Arab Emirates)

    Beneficial ownership is a phrase likely to leave the average person baffled and probably not very bothered. But it’s a concept set to attract much more interest over the coming months and years, thanks to the Fourth Anti-Money Laundering Directive (4MLD), and the central registers of beneficial owners that it will introduce.....More

    Words by Holly Whitehead

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    21 September 2016

    Fraud in Switzerland - an update on high profile fraud related stories

    We don’t know who originally had the idea for committing financial crime, although what is said to be the first recorded incident of fraud – involving a Greek merchant called Hegestratos, an upfront payment for transporting a cargo of corn and a failed plan to scuttle the ship carrying it – dates back to around 300 BC.....More

    Words by Mary Munford

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    8 September 2016

    Fraud in Germany: the financial crime that needs a 21st century fraud response plan

    We don’t know who originally had the idea for committing financial crime, although what is said to be the first recorded incident of fraud – involving a Greek merchant called Hegestratos, an upfront payment for transporting a cargo of corn and a failed plan to scuttle the ship carrying it – dates back to around 300 BC.....More

    Words by Mary Munford

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    1 September 2016

    Fraud in the Netherlands: the financial crime that needs a 21st century fraud response plan

    We don’t know who originally had the idea for committing financial crime, although what is said to be the first recorded incident of fraud – involving a Greek merchant called Hegestratos, an upfront payment for transporting a cargo of corn and a failed plan to scuttle the ship carrying it – dates back to around 300 BC.....More

    Words by Mary Munford

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    1 September 2016

    Fraud in France: the financial crime that needs a 21st century fraud response plan

    We don’t know who originally had the idea for committing financial crime, although what is said to be the first recorded incident of fraud – involving a Greek merchant called Hegestratos, an upfront payment for transporting a cargo of corn and a failed plan to scuttle the ship carrying it – dates back to around 300 BC.....More

    Words by Mary Munford

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    25 August 2016

    Germany: Trusting Third Parties

    German companies have developed a complex supply chain integrated by thousands of third parties, subsidiaries and agents worldwide. As the strategic importance – and Compliance risks - of third parties increases, companies have to mitigate business risks while building trust in their partners.....More

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    25 August 2016

    Germany: Trusting Third Parties

    German companies have developed a complex supply chain integrated by thousands of third parties, subsidiaries and agents worldwide . As the strategic importance – and Compliance risks - of third parties increases, companies have to mitigate business risks while building trust in their partners.....More

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    23 August 2016

    Warning to banks in Hong Kong

    The Monetary Authority of Singapore launched a dedicated anti money laundering (AML) department on 1 August, and this triggered my interest in reading more about AML-related developments in Asia Pacific. I came across an article from May this year which talked about how regulators in Hong Kong, for example the Hong Kong Monetary Authority (HKMA), are cracking down on trade based money laundering (TBML).....More

    Words by Holly Whitehead

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    8 August 2016

    Corruption: perception and reality in Ireland

    Corruption can be defined as ‘Dishonest or fraudulent conduct by those in power’ and usually falls into three main categories: grand corruption, petty corruption and political corruption, which the anti-corruption campaign organisation Transparency International defines more specifically.....More

    Words by Holly Whitehead

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    2 August 2016

    Infographic: ICA Open Day - 13 September 2016

    Still wondering whether to come to the ICA Open Day (or one of the local sessions)? Then have a look at our infographic for a few compelling reasons to register your place this year.......More

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    28 July 2016

    Switzerland: Tone from the Top of the Alps

    A high percentage of Switzerland's surface is covered by the Alps. The melting of glaciers, located at the top of the mountains, generates flows of clean – and essential - water for a wide range of ecosystems downstream. This natural geological phenomenon helps us to illustrate the importance of the commitment from the Board of Directors and Senior Management to implement compliance across all hierarchical levels in Swiss companies.....More

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    26 July 2016

    The FCA Anti-money laundering annual report 2015/16: progress – and challenges

    The UK’s Financial Conduct Authority (FCA) has published a small library of reports this month, including its Anti-money laundering annual report 2015/16, which provides some interesting insights into its work, and some themes emerging from this, over the last year.....More

    Words by Mary Munford

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    21 July 2016

    The FCA Annual Report: taking a closer look

    Here in the UK, after weeks of blanket media coverage around Brexit, a change of Prime Minister and the legal complexities involved in the Labour leadership election, we could be forgiven for wanting a change of subject matter. So the Financial Conduct Authority’s (FCA) Annual Report for 2015/16 could provide a welcome respite for financial services professionals, though it’s not exactly what you might call light reading.....More

    Words by Mary Munford

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    18 July 2016

    Football, mobile phones and money laundering

    Bright ideas are the lifeblood of any business or organisation. The same applies to money launderers, who always seem to be coming up with new techniques of their own, or abusing entirely legitimate systems and technologies, in order to stay a step ahead of law enforcement and other authorities.....More

    Words by Mary Munford

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    12 July 2016

    Corruption: perception and reality in the Netherlands

    Corruption can be defined as ‘Dishonest or fraudulent conduct by those in power’ and usually falls into three main categories: grand corruption, petty corruption and political corruption, which the anti-corruption campaign organisation Transparency International defines more specifically.....More

    Words by Mary Munford

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    6 July 2016

    Life after the referendum: terrorist financing high on FATF agenda

    Here in the UK, there’s not much on our news agenda apart from the EU referendum outcome and the resulting fall-out, so significant developments elsewhere in the world since 23 June have perhaps been slipping under our radar.....More

    Words by Mary Munford

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    4 July 2016

    Focus on France: Football, Tennis, Cycling, Corruption…?

    It’s all focus on France at the moment. A few weeks ago it was widespread strike action which was grabbing the world headlines as protests against reform of the French labour code caused significant disruption across the country. And now, with the 2016 European Football Championships progressing towards its conclusion, the Tour de France will be hot on its heels showcasing the beauty and variety of the French way of life.....More

    Words by David Morris

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    4 July 2016

    Pleins phares sur la France : Football, Tennis, Cyclisme… et Corruption ?

    Tous les yeux sont tournés vers la France ces derniers temps. Il y a de cela quelques semaines, les grèves générales suite à la proposition de réforme de la Loi Travail ont perturbé le pays et fait les gros titres. Aujourd’hui, la fin de l’Euro de football approche et c’est le Tour de France qui prendra bientôt le relai et exposera la « manière de vivre à la française » aux yeux de tous.....More

    Words by David Morris

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    28 June 2016

    Panama in the spotlight: making progress on money laundering?

    There’s a saying about there being no such thing as bad publicity, though anyone who has been on the receiving end of negative media reports would probably not agree. Panama has attracted global attention as a result of the April 2016 publication by the International Consortium of Investigative Journalists of the Panama Papers.......More

    Words by Mary Munford

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    14 June 2016

    Reporting Suspicions of Money Laundering and Terrorist Financing: Spotlight on the Netherlands

    At the International Compliance Association, we regularly find ourselves discussing money laundering and related issues. The reporting of suspicious transactions is a topic that often crops up and we’ve recently done some work around different reporting regimes around the world, how figures from different countries compare, whether national challenges are similar and if there are similarities in the entities submitting the highest number of reports. As a result, I took a closer look at the Netherlands.....More

    Words by Mary Munford

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    10 June 2016

    Tone from the top: back in the spotlight

    Ethics is high on corporate agendas these days. The financial crisis of almost a decade ago has had far-reaching implications, not least in encouraging the leaders of companies in all sectors to take a long, hard look at how their organisations do business and whether they are doing it in the right way.....More

    Words by Mary Munford

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    31 May 2016

    Anti-Corruption Conference raises corruption awareness and there’s no room for complacency

    The UK-led Anti-Corruption Summit held in London earlier this month attracted some significant publicity, much of which focused on David Cameron’s inadvertent remark that Nigeria and Afghanistan were ‘fantastically corrupt’.....More

    Words by Viri Chauhan

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    26 May 2016

    Beneficial ownership: A new era of openness? (The Netherlands)

    Beneficial ownership is a phrase likely to leave the average person baffled and probably not very bothered. But it’s a concept that seems guaranteed to attract a great deal of international interest over the coming months and years, not least because of the European Union’s Fourth Anti-Money Laundering Directive (4th AMLD) and the central registers of beneficial owners that it will introduce.....More

    Words by Mary Munford

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    26 May 2016

    Beneficial ownership: A new era of openness? (Sweden)

    Beneficial ownership is a phrase likely to leave the average person baffled and probably not very bothered. But it’s a concept that seems guaranteed to attract a great deal of international interest over the coming months and years, not least because of the European Union’s Fourth Anti-Money Laundering Directive (4th AMLD) and the central registers of beneficial owners that it will introduce.....More

    Words by Simone Jones

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    26 May 2016

    Beneficial ownership: A new era of openness? (Gibraltar)

    Beneficial ownership is a phrase likely to leave the average person baffled and probably not very bothered. But it’s a concept set to attract much more interest over the coming months and years, thanks to the Fourth Anti-Money Laundering Directive, and the central registers of beneficial owners that it will introduce.....More

    Words by Jason Morris

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    25 May 2016

    Comentario sobre la Circular de la Fiscalia General del Estado 1/2016

    No habiendo todavía jurisprudencia consolidada sobre la cuestión de la responsabilidad de personas jurídicas, la circular 1/2016 de la Fiscalía General del Estado, a pesar de no tener carácter imperativo puesto que los fiscales ejercerán sus evaluaciones caso por caso, representa un hito en cuanto concierne a la interpretación del marco normativo.....More

    Words by Michele La Neve

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    13 May 2016

    Interpreting ICA Assignment Feedback

    Ping. Here’s the email – the mark for your ICA Advanced Certificate or Diploma assignment is now available. Gulp. Time to access the ICA website. Let’s look at the two main scenarios that tend to unfold.......More

    Words by Dave Robson

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    10 May 2016

    Panama Papers: Offshore Leaks Database

    The international Consortium of Investigative Journalists has now released an Offshore Leaks Database, further lifting the secrecy from thousands of offshore entities from its Panama Papers investigation and its 2013 Offshore Leaks expose. Here's some of what it reveals.......More

    Words by Mary Munford

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    9 May 2016

    Leicester City FC – A benchmark of good culture?

    I, along with almost everyone in the country (save, perhaps, for a small section of North London), have probably been celebrating Leicester City’s Premier League success alongside the good people of Leicester. It’s one of those events that come around every now and again, which allows us all to jump on board the ‘feel-good express.’....More

    Words by Jason Morris

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    6 May 2016

    All change on cash? Tackling money laundering through cash transaction limits in Switzerland

    A good way to get an eye-catching headline these days is to carry out some research predicting the death of cash, now that we are all abandoning notes and coins in favour of smartphone apps, contactless cards and mobile payments.....More

    Words by Simone Jones

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    6 May 2016

    All change on cash? Tackling money laundering through cash transaction limits in Germany

    A good way to get an eye-catching headline these days is to carry out some research predicting the death of cash, now that we are all abandoning notes and coins in favour of smartphone apps, contactless cards and mobile payments.....More

    Words by Jason Morris

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    6 May 2016

    All change on cash? Tackling money laundering through cash transaction limits in France

    A good way to get an eye-catching headline these days is to carry out some research predicting the death of cash, now that we are all abandoning notes and coins in favour of smartphone apps, contactless cards and mobile payments.....More

    Words by Mary Munford

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    19 April 2016

    Culture still a priority for FCA despite abandoned review

    The year began with the FCA coming under heavy criticism for suspending its thematic review into banking culture. However, the regulator recently reaffirmed in its Business Plan for 2016/17 that firms’ culture and governance is one of the seven priority themes around which it will organize core activities for the coming year.....More

    Words by James Thomas

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    8 April 2016

    From the Panama Papers to people with significant control

    ​The Panama Papers have truly put the cat among the global pigeons. What the rich, powerful and famous from around the world have been secretly getting up to offshore makes fascinating reading and the revelations have already toppled one prime minister.....More

    Words by Mary Munford

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    31 March 2016

    Compliance: votes from the Spanish jury

    Enforcement remains one of the unknown quantities following Spain's long-awaited Compliance reform in mid-2015.....More

    Words by Murray Grainger

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    30 March 2016

    Cumplimiento: los votos del jurado español

    Tras la esperada reforma sobre cumplimiento en España de mediados de 2015, su aplicación sigue siendo una de las grandes incógnitas.....More

    Words by Murray Grainger

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    24 March 2016

    Corruption: is perception reality? (France)

    ‘All power tends to corrupt, and absolute power corrupts absolutely.’ – Lord Acton....More

    Words by Mary Munford

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    24 March 2016

    Corruption – is perception reality? (Germany)

    “All power tends to corrupt, and absolute power corrupts absolutely” – Lord Acton.....More

    Words by Jason Morris

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    24 March 2016

    Corruption – is perception reality? (Switzerland)

    ‘All power tends to corrupt, and absolute power corrupts absolutely.’ – Lord Acton....More

    Words by Simone Jones

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    15 March 2016

    Beneficial ownership: A new era of openness? (Germany)

    Beneficial ownership is a phrase likely to leave the average person baffled and probably not very bothered. But it’s a concept set to attract much more interest over the coming months and years, thanks to the Fourth Anti-Money Laundering Directive, and the central registers of beneficial owners that it will introduce.....More

    Words by Jason Morris

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    15 March 2016

    Beneficial ownership: A new era of openness? (Switzerland)

    Beneficial ownership is a phrase likely to leave the average person baffled and probably not very bothered. But it’s a concept set to attract much more interest over the coming months and years, thanks to the Fourth Anti-Money Laundering Directive (4MLD), and the central registers of beneficial owners that it will introduce.....More

    Words by Simone Jones

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    15 March 2016

    Beneficial ownership: A new era of openness? (France)

    Beneficial ownership is a phrase likely to leave the average person baffled and probably not very bothered. But it’s a concept set to attract much more interest over the coming months and years, thanks to the Fourth Anti-Money Laundering Directive, and the central registers of beneficial owners that it will introduce.....More

    Words by Mary Munford

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    15 March 2016

    CPD – groan, do I really have to?

    Come on, admit it, we’ve all thought this at some point. It’s getting towards the end of the year and your Manager or HR team are checking your records. You’re supposed to do 35 hours (or thereabouts). Some can be structured, some unstructured. Does that day spent learning how to make PowerPoints more engaging count? When was it? Oh, if only you’d written it down at the time!....More

    Words by Dave Robson

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    14 March 2016

    Transforming whistleblowing culture for the long term remains a challenge

    Since the Financial Conduct Authority (FCA) replaced the Financial Services Authority there has been a short run, but dramatic, trend in the UK towards greater whistleblowing activity. 2014 saw 1,367 complaints reported to the FCA, an increase of 44% on 2013 and of 142% on 2012. However, in 2015 reported complaints declined by a fifth compared with 2014, according to law firm Pinsent Masons.....More

    Words by James Thomas

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    9 March 2016

    Reporting Suspicions of Money Laundering and Terrorist Financing: Spotlight on France

    We started discussing suspicious transaction reporting regimes around the world, wondering how the UK's figures compared to other countries, whether the challenges were similar and if there were similarities in the entities submitting the highest number of reports. This led to my taking a closer look at what was happening in France.....More

    Words by Mary Munford

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    9 March 2016

    Reporting Suspicions of Money Laundering and Terrorist Financing – A Closer Look at Switzerland

    At the International Compliance Association we find ourselves discussing money laundering issues almost constantly. One of the reasons that I love my job is that I get to discuss the finer points of anti money laundering regulations with other like-minded people.....More

    Words by Simone Jones

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    8 March 2016

    International Women’s Day 2016: What’s it got to do with governance, risk and compliance?

    How equal are women? According to the World Economic Forum (WEF), not very. It released the startling estimate that we will have to wait until 2095 to close the gender gap. The UN has pledged to tackle this and want to achieve gender equality by 2030.....More

    Words by Simone Jones

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    26 February 2016

    Vulnerable Customers and Conduct Risk

    The Telegraph wrote an article this week entitled “Banks ordered to treat vulnerable customers with empathy”, which looked at a problem that exists in banking where vulnerable customers are still being treated poorly.....More

    Words by Jason Morris

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    26 February 2016

    The Senior Managers Regime - what are your priorities?

    Several months ago we carried an article in our magazine InCompliance about the new Senior Manager and Certification Regime....More

    Words by Sally Scutt

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    19 February 2016

    EBA proposed guidelines on the risk based approach and CDD risk factors

    New EU Guidelines on Risk Factors and Simplified and Enhanced CDD: It’s all about the risk-based approach so get ahead with the ICA.....More

    Words by Roland Guennou

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    10 February 2016

    Financial crime: Views on the news

    LIBOR, conspiracy to defraud, the Bank of England, Barclays, Qatar, dual criminality and some other observations…….....More

    Words by Viri Chauhan

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    28 January 2016

    Corruption in Sport – Lessons Learnt

    2015 proved a busy year for corruption scandals in sport, arrests and resignations of FIFA officials and allegations of cover ups of doping in athletics have shocked many. So maybe 2016 will offer some respite to weary folks? Not so far.....More

    Words by Simone Jones

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    26 January 2016

    Implementation Day presents a shifting sanctions landscape

    “Implementation Day” – the lifting of sanctions following Iran’s compliance with the Joint Comprehensive Plan of Action (JCPOA) – came around more swiftly than some had anticipated at the time that the JCPOA was initially agreed. Anyone not expecting compliance to be achieved so rapidly will be feeling the pressure to get fully up to speed with this new landscape.....More

    Words by James Thomas

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    19 January 2016

    Frequently asked questions about the UK Senior Managers & Certification Regime

    If you work in regulated financial services in the UK, you will have heard about the UK Senior Managers & Certification Regime by now. There’s quite a lot to it, so ICA have summed up some of the key information in some FAQs.....More

    Words by Mayya Konovalova

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    5 January 2016

    Infographic: ICA Open Day - 3 February 2016

    Still wondering whether to come to the ICA Open Day (or one of the roadshows)? Then have a look at our infographic for a few compelling reasons to register your place this year....More

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    17 December 2015

    Cyber security, an ongoing concern for 2016

    With the rising cost of data breaches and the rising volume of attacks, cyber security was one of the highest profile issues facing businesses in 2015. Cyber attacks are currently believed to cost business anywhere between $400-500bn a year and show little sign of abating.....More

    Words by James Thomas

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    9 December 2015

    International Anti-Corruption Day – What can we do?

    Today feels quite significant to me. Not only has it been a week since I took up my role within the Research and Development team at International Compliance Training, but also very importantly, it’s International Anti-Corruption Day.....More

    Words by Simone Jones

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    26 November 2015

    Infographic: Don't Look Won't Find - Transparency International Report Statistics

    Billions of pounds in corrupt funds are pouring into the UK every year. Transparency International - Don't Look Won't Find Weaknesses in the supervision of the UK's anti money laundering rules.....More

    Words by Dave Robson

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    24 November 2015

    US SAR stats turns spotlight on crowdfunding

    If there’s a gap in the market, you can guarantee that some bright spark will fill it. The same ingenuity also thrives in financial crime. The high-tech world we live in is the perfect breeding ground for new types of threat to emerge. As in the classic Whac-A-Mole game, as soon as one threat is knocked on the head, another is almost certain to pop up somewhere else.....More

    Words by Mary Munford

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    16 November 2015

    Education underpins accountability

    The drive for responsibility and accountability continues to gather pace. Christine Lagarde, Managing Director of the International Monetary Fund, has placed the global spotlight firmly on the role of the individual in a 5 November speech to the New York Fed.....More

    Words by Sally Scutt

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    2 November 2015

    TalkTalk hack raises important questions about regulation and data protection

    The details that have emerged since the 21 October cyber attack on TalkTalk raise some serious questions not only for the broadband provider itself but for any business holding sensitive customer information.....More

    Words by James Thomas

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    29 October 2015

    OECD: tax and anti money laundering bodies need to step up joint working

    Joined-up thinking is something it’s hard to argue against. But while it’s a great idea in theory, co-operation, communication and collaboration don’t always materialise on an in-house basis, let alone where different organisations are involved, even if they are pursuing similar aims.....More

    Words by Mary Munford

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    22 September 2015

    Market failure and bad behaviour: where does the individual sit in all of this?

    People tend to assume a different persona within the workplace, in much the same way as many individuals adopt a completely different set of social standards when they get behind the wheel of a car.....More

    Words by James Thomas

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