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Holly Whitehead

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    16 October 2018

    FATF Reports in Brief: Human Trafficking

    In August this year, the Financial Action Task Force (FATF) published a new report that aims to raise awareness and provide an updated and more precise understanding of the financial flows related to human trafficking.....More

    Words by Holly Whitehead

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    10 October 2018

    A look at the illicit financial flows from wildlife crime and illegal wildlife trade

    On 11–12 October, the UK government is hosting the 2018 Illegal Wildlife Trade Conference in London. This conference aims to tackle illegal wildlife trade (IWT) as a serious organised crime.....More

    Words by Holly Whitehead

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    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

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    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

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    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

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    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

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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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    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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    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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    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

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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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    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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