Insight #BigCompConvo

25 May 2018

The changing face of compliance

In this article, Keeley Fitzsimmons, the Principal Consultant at Broadgate Search, provides an insightful overview of what employers are looking for from Compliance teams.....More

Words by Jennifer Trenery

22 May 2018

Is the sun setting on BOTs tax haven status?

An amendment to the Sanctions and Anti Money Laundering Bill was approved by the British government in May. The headline news from the amendment was that from 2020 British Overseas Territories (BOT) will be obliged to publish the beneficial owner(s) of all registered companies.....More

Words by Jake Plenderleith

14 May 2018

With a FATF visit looming, Hong Kong steps up AML/CFT efforts

FATF’s mutual evaluation in Hong Kong later this year will be its first evaluation in the territory since 2007.....More

Words by Jake Plenderleith

9 May 2018

International news and developments - April 2018

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Words by Jason Morris

7 May 2018

EU fifth anti money laundering directive (5MLD)

Here’s an insight into some of the changes put forward in this fifth and latest update.....More

Words by Jason Morris

30 April 2018

How high risk is trade finance?

What is trade finance and is it really as high-risk as it is often perceived?....More

Words by Simone Jones

24 April 2018

What does being a member of ICA do for you as a compliance professional?

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Words by Jennifer Trenery

13 April 2018

Are we becoming a cashless society?

Biometric technology, contactless cards and online shopping. Is this the beginning of the end for cash?....More

Words by Jason Morris

11 April 2018

The Financial Conduct Authority publishes 2018/19 business plan

The FCA’s business plan for this year has had to strike a careful balance between the considerable amount of work that is going to be taking place on Brexit, which is already well underway, and their other strategic priorities.....More

Words by Holly Whitehead

6 April 2018

International news and developments - March 2018

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Words by Jason Morris

23 March 2018

Breaking with Tradition: Rethinking Financial Crime Policy Management

In the wake of the Criminal Finances Act 2017, what is the future of financial crime policy management? Within the realm of financial crime policy management, there is an established and traditional approach to responding to legislative evolutions. As required by regulations, the first and fundamental step is the establishment and maintenance of policies, controls and procedures to mitigate and manage risk (UK Money Laundering Regulations 2017).....More

Words by Alan Entwistle

22 March 2018

The RegTech and FinTech Revolution

RegTech is now one of the most talked about innovations in the financial services sector. The added influx of FinTech that has caused the incumbent population of the financial services industry to sit up and take notice. Disruption is a clear and present threat to this community. The revolution is here.....More

Words by Jason Morris

21 March 2018

5 reasons to recertify your ICA Diploma

For the first time, we are delighted to offer our Diploma graduates the opportunity to recertify their qualification in either AML, governance risk and compliance or financial crime prevention.....More

Words by Jennifer Trenery

20 March 2018

Why is it important to know your customer?

Do you ever truly know your customer? And, if you don't does it really matter?....More

Words by Simone Jones

15 March 2018

International news and developments - February 2018

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Words by Jason Morris

6 March 2018

Will an ICA qualification get me a job?

One of the most frequently asked questions is ‘will an ICA qualification get me a job?’. This hardly comes as a surprise.....More

Words by Jennifer Trenery

23 February 2018

The #MeToo Movement: What lessons can we learn in the compliance community?

Over the past months, the world has witnessed a rise of an unprecedented global movement against sexual harassment and assault. It's time to rethink what constitutes a harassment-free workplace environment and revisit your anti-harassment policies, fostering a cultural shift in attitudes to this issue.....More

Words by Vera Cherepanova

13 February 2018

2018: elections, cybercrime, Bitcoin and bribery

Unpredictability is the new normal. What does 2018 hold for our industry?....More

Words by Jake Plenderleith

6 February 2018

International news and developments - January 2018

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Words by Jason Morris

6 February 2018

The rise of the unregulated online gambling industry

Should the anti-money laundering (AML) community be concerned at the prevalence of such Bitcoin services, and their open lack of regard to customer due diligence (CDD) controls?....More

Words by Kane Pepi

30 January 2018

5 reasons why your employer should invest in your professional development

Uncertainty in regulated sectors, as well as the proliferation of change, often leaves compliance professionals feeling that they cannot keep apace of these rapid changes.....More

Words by Jennifer Trenery

30 January 2018

The importance of tone from the top and why it should not be underestimated

As firms continue to navigate the labyrinthine minefield of legislation and regulation and claw their way up the evolutionary ladder of compliance with standards that appear to have moving goal posts, ‘tone from the top’ has never been more important.....More

Words by Dawn Fisher

22 January 2018

Five things you need to know about Bitcoin

Bitcoin has taken the world by storm; Simone Jones shares what she has learnt about cryptocurrency over the course of the last year.....More

Words by Simone Jones

18 January 2018

4 career-enhancing reasons to attend our free global briefing sessions

Knowledge. Community. Recognition. Study for a worthwhile qualification that is trusted by employers. Register today.....More

Words by Jennifer Trenery

16 January 2018

Everything you need to know about mobile financial services

Over the last decade, mobile financial services (MFS) have been instrumental in increasing financial inclusion in developing markets. What impact does this have on financial services and the telecommunications industry?....More

Words by Jake Plenderleith

15 January 2018

Why policy makers should shoulder responsibility for UK failings

In November 2017, Transparency International (TI) published the report Hiding in Plain Sight which further highlighted the attractiveness of UK Plc to those that wish to launder the proceeds of corruption or value of other criminal origin.....More

Words by Dawn Fisher

8 January 2018

What is CPD and why is it important?

The start of a new year is usually accompanied by a renewed focus on oneself and one’s goals. The passage from one year to the next causes many to reflect, particularly on how positive change can be implemented the following year to enrich one’s life. The ‘new year, new me’ philosophy is one that lots of people find to be a useful motivator.....More

Words by Jennifer Trenery

5 January 2018

International news and developments - December 2017

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Words by Simone Jones

2 January 2018

Blurring the lines: how technology is shaping illicit finance typologies

As technological innovation sweeps the financial sector, the compliance professional faces developments of huge consequence.....More

Words by David Carlisle

4 December 2017

The importance of knowing your customer

Through the advent period, International Compliance Association will be publishing an insight on each Advent Sunday to focus on the topic of KYC – Know Your Customer. You have a copy of their passport, you have verified where they live and have checked their birthday against their driving licence (questionable photo and all), but do you really know your customer?....More

Words by Simone Jones

27 November 2017

The Department of Mysteries (or What is the Compliance Department actually doing?)

It struck me that the compliance department has certain parallels with the Ministry of Magic from J.K. Rowling´s Harry Potter series. Both are often misunderstood, mysterious, ‘secretly’ structured but at the same time necessary and important.....More

Words by Lucie Schweizer

23 November 2017

Happy Thanksgiving Day: top 5 US blogs of 2017

Thanksgiving Day is upon us, and in celebration of the annual harvest, we have collated our top five blogs with US origins. Let’s take a retrospective look at our favourite blogs from the last year, with a keen focus on the United States.....More

Words by Jennifer Trenery

21 November 2017

A turning tide? Terrorism and the Caribbean

How many of us, if we were then asked to think of terrorism and the Caribbean, would think back to the bygone era of piracy; of Calico Jack and mutiny on the seas? This era ended around the 1830s so surely terrorism is something that now happens outside of the Caribbean, doesn’t it?....More

Words by Sarah Reynolds

13 November 2017

International news and developments - October 2017

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Words by Jason Morris

6 November 2017

France gets serious about anti-corruption

Earlier this year the French government enacted Sapin II, an anti-bribery and corruption law that bolstered the country’s transparency and anti-corruption efforts. The legislation was introduced after criticism over the years of France’s anti-bribery and corruption efforts from several quarters (including the OECD). The introduction of Sapin II was the most significant initiative on anti-corruption in the country in decades.....More

Words by Jake Plenderleith

6 November 2017

Meet an ICA Member with Jerry Walters

Jerry Walters has a Distinction in the International Compliance Association Diploma Course in Anti-Money Laundering (AML) and Counter Terrorist Financing (CTF). As well as being a member of the ICA, Jerry is a former Detective Constable and has worked on high profile cases including Operation Trilby. He is still involved in all aspects of tackling financial crime through the running of his own business. Here, Jerry discusses what ICA and compliance means to him.....More

Words by Jennifer Trenery

24 October 2017

Stepping up the fight against cybercrime in Switzerland

Privacy and Switzerland are often seen as synonymous, and whilst Switzerland is no longer seen as a secrecy haven, protecting client data is still a badge of honour for the country. Data protection law in Switzerland has a level of protection like that of the EU Data Protection Directive, and in some respects, is reported to even go beyond EU Law, especially in relation to the protection of data pertaining to legal entities. But in an age of cyber-enabled crime, can Switzerland ensure that data is secure?....More

Words by Sarah Reynolds

18 October 2017

A closer look at Denmark’s anti money laundering efforts

Denmark sits at the enviable position as the ‘cleanest’ country in Transparency International’s Corruption Perception Index (CPI). As previously discussed in ICA Insights, although deemed to be the cleanest, Denmark isn’t free from all financial crime woes.....More

Words by Simone Jones

12 October 2017

Combattre le blanchiment d'argent par la limitation des paiements en liquide

Avec Tracfin et certaines lois récemment instaurées, la France est un acteur européen majeur dans la lutte contre le blanchiment d’argent et le financement du terrorisme. Quels ont été les changements effectués lors de ces dernières années ?....More

Words by Justine Henry

10 October 2017

Anti money laundering: a spotlight on Sweden

At the International Compliance Association, we regularly find ourselves deliberating money laundering issues, which can range from recent enforcement actions to newly published reports showing the latest figures for details such as suspicious activity reports or jurisdictional risk. Which is why, when I read a headline stating that the Swedish legal system was being exploited to commit money laundering, quite a discussion was sparked.....More

Words by Holly Whitehead

9 October 2017

Sweden: a world leader for transparency

Openness and transparency are considered as “vital parts of Swedish democracy” and all those principles of freedom are reflected in some fundamental laws which govern the Swedish constitution.....More

Words by Guillermo Iribarren

5 October 2017

A round-up of international news - September 2017

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Words by Sarah Reynolds

4 October 2017

Financial Crime in the Middle East and North Africa - 2017 Report

In this comprehensive report, it was revealed that the biggest obstacle to investment in technology is cost. We have broken down the key findings of the report into this infographic, to help you understand the need for forward planning.....More

Words by Holly Whitehead

28 September 2017

Are Bitcoin addresses shell companies in disguise?

Anonymity, discretion and confidentiality: terminology often associated with shell companies incorporated in jurisdictions with high secrecy laws. However, does the virtual economy – notably Bitcoin, the de facto currency of choice – facilitate the very same mechanisms that criminals attempt to abuse? This brief article will explore some of the key similarities between a shell company and a Bitcoin address, with a view to answering the question ‘Are Bitcoin addresses shell companies in disguise?’....More

Words by Kane Pepi

22 September 2017

New York: Leading the fight against crime

New York has been capturing the imagination and the attention of the world for well over 100 years. It’s a city like no other; its intoxicating pull is felt by both residents and non-residents alike. It has also long been a source of inspiration for those looking to fight crime: in the Superhero world, Marvel’s Spiderman, The Avengers and The Defenders all call New York home. Some people believe that Metropolis and Gotham, home to Superman and Batman, are also based on New York.....More

Words by Simone Jones

15 September 2017

UN Democracy Day: Latin America’s growing intolerance of corruption

Since 2008, the UN has held its day in honour and promotion of democracy on 15 September. For a cluster of nations across Latin America, this is a date that holds a special reverence, marking their independence from colonial rule: Guatemala, El Salvador, Honduras, Nicaragua and Costa Rica all celebrate their independence day on 15 September (with Mexico’s the following day, and Chile’s three days later).....More

Words by Jake Plenderleith

15 September 2017

UN Democracy Day: Latin America’s growing intolerance of corruption

Since 2008, the UN has held its day in honour and promotion of democracy on 15 September. For a cluster of nations across Latin America, this is a date that holds a special reverence, marking their independence from colonial rule: Guatemala, El Salvador, Honduras, Nicaragua and Costa Rica all celebrate their independence day on 15 September (with Mexico’s the following day, and Chile’s three days later).....More

Words by Jake Plenderleith

8 September 2017

How effective is Ireland's AML system? An analysis of FATF Mutual Evaluation Report for Ireland

Ireland is an important regional and international financial hub and is included in the IMF’s 29 systematically important financial centres. This is evidenced in the sheer number of banks looking to move some of their operations from London to Dublin in the wake of Brexit.....More

Words by Holly Whitehead

7 September 2017

What are the benefits of attending the ICA open day?

Find out more about the ICA qualifications, how they can help you progress in your career and assist you in performing to the highest standard of professional practice and conduct.....More

Words by Jennifer Trenery

4 September 2017

Be a learn-it-all

CEO Satya Nadella made the news last year when he revealed the secret of improved culture at Microsoft over the last few years has been down to the embracing of a learn-it-all culture.....More

Words by Sarah Reynolds

31 August 2017

International news & developments - August 2017

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Words by Sarah Reynolds

28 August 2017

Fuzzy matching: Getting the balance right

Screening your entire customer base on a regular basis can alert you to the risk of being exposed to suspicious or sanctioned individuals and organisations, but how do you ensure that you are completing these searches effectively?....More

Words by Sarah Reynolds

21 August 2017

Defining an EU FinTech strategy – where are we now?

Technological innovation is ceaselessly impacting on many key sectors of our lives, and the financial industry is not immune to it. European institutions are aware that technology-enabled and technology-supported financial services (FinTech) represents a great opportunity for the financial industry.....More

Words by Nicola Vaccari

14 August 2017

How Iran circumvented US sanctions for 20 years through real estate in Manhattan

A decade-long battle between the United States government and the owners of a New York skyscraper was concluded last month when a US jury agreed with the government’s assertion that the Alavi Foundation, the majority owners, were guilty of money laundering and violating sanctions on Iran.....More

Words by Jake Plenderleith

11 August 2017

Biometrics, cash and the end of money laundering as we know it?

As the technology to facilitate cashless transactions becomes more widespread, it can play an important role in know-your-customer and anti-money laundering efforts.....More

Words by Simone Jones and Bill Coffin

8 August 2017

What makes a great compliance officer?

It’s not just a question of following a rule book, compliance officers need to be able to strike a good balance between commerciality and compliance.....More

Words by Jennifer Trenery

31 July 2017

International news & developments - July 2017

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Words by Jason Morris

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

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

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

30 June 2017

International news & developments - June 2017

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Words by Simone Jones

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

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

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

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

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

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

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

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

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

Words by Jake Plenderleith

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

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

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

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

Words by Jake Plenderleith

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

Words by Penny Milner-Smyth

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

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

Words by Guillermo Iribarren

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

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

Words by Jake Plenderleith

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

Words by Jake Plenderleith

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

19 January 2017

Ireland, Technology and Integrity

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

Words by Guillermo Iribarren

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

Words by Jake Plenderleith

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

Words by Jake Plenderleith

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

Words by Jake Plenderleith

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

Words by Guillermo Iribarren

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

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

Words by Jake Plenderleith

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

Words by Jake Plenderleith

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

Words by Jake Plenderleith

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

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

Words by Guillermo Iribarren

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

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

Words by Lily Harwood-Millar

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

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

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

Words by Guillermo Iribarren

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

Words by Guillermo Iribarren

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

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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