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Financial crime

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    21 March 2019

    What are the 6 benefits of studying for an ICA qualification?

    Whether you’re new to the industry or taking the next step in your career, it’s important to choose the best compliance training possible. We have put together the top benefits of studying for an ICA qualification & advancing your career.....More

    Words by Holly Whitehead

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    4 March 2019

    How many languages does a financial crime professional need to speak?

    Virtual currencies, cybercrime and Trumponomics, to name just a few, present interesting dilemmas: to what extent should we be conversant in these areas in order to fully understand the financial crime risks associated with them?....More

    Words by Ruth Hutchinson

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    17 December 2018

    Top 5 fines of 2018: Lessons Learned from Enforcement Action

    As Father Christmas prepares his list of who has been naughty or nice, I thought it would be interesting to take look at enforcement action in 2018 from around the world and consider some New Year’s resolutions that compliance professionals may want to make in 2019.....More

    Words by Simone Jones

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    10 December 2018

    Meet an ICA member: Sheila Patel

    I am a Senior Compliance professional with extensive skills, knowledge and expertise of the regulatory landscape and systems and controls, gained through 17+ years’ experience within the financial services industry.....More

    Words by Meet a Member

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    3 December 2018

    Meet an ICA Member: Paul Byrne

    I’m Paul Byrne, MICA and Compliance Manager at RA International in Dubai. I’m also an ICA alumni having studied the ICA International Diploma in Compliance and graduating with a Merit. I’ve been a member of the ICA since 15 September 2015.....More

    Words by Meet a Member

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    26 November 2018

    Meet an ICA member: Robert Dagg

    I’ve worked in financial services for 30 years across a range of roles in front office and support functions, leading sizeable teams with multiple jurisdiction responsibilities. I joined the ICA two years ago as a Fellow after graduating with a Post Graduate Diploma in Governance, Risk & Compliance. I’m also a member of the ICA Technical Advisory Board.....More

    Words by Meet a Member

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    1 November 2018

    Meet an ICA member: Jonathan Harris-Moss

    If I’d been asked earlier in my working life to consider a career in compliance, I might have turned my nose up on the grounds that I was trying to become one of those ‘creative types’, unrestricted by rules. Fast forward several years and here I am in 2018, a fairly new entrant into the governance, risk and compliance (GRC) profession.....More

    Words by Meet a Member

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    19 October 2018

    Meet an ICA member: Anastasia Savvateeva

    Anastasia Savvateeva is a former compliance officer for the Compliance & Risk Management department with KPMG France, and now Anti-Financial Crime & AML Compliance Officer for Deutsche Bank France. Originally from the Ukraine, she has been living in Paris for 8 years having grew up and studied in Moscow.....More

    Words by Meet a Member

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    3 September 2018

    Financial crime prevention: cleaning up the world

    Over the last decade the general public has woken up to the environmental issues affecting the planet. Concerted global efforts are now in place to reduce harm caused by pollution and to cut back on waste. The cost of cleaning up the damage already inflicted is now a central focus of national governments. Below, we look at the cost of financial crime and the incredible impact its prevention could have.....More

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    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

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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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    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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    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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    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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    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

    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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    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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    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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    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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    22 October 2013

    Stick, twist or fold? How best to manage emerging trends and best practice in money laundering and terrorist financing

    I was delighted to represent the International Compliance Association at the Compliance Officer conference in Warsaw recently which focussed on the subject of new payment technologies and emerging money laundering and terrorist financing risk management.....More

    Words by Lee Byrne

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    2 April 2012

    After the hype fades, follow through. You have been warned: bribery & corruption

    So the UK FSA has published their Thematic Review of Anti-Bribery and Corruption (ABC). The lesson is clear. After a new law is enacted or a financial crime theme becomes the focus of regulators due to a scandal, there is a huge response and hype. When the dust settles firms must ensure that control frameworks are properly implemented, and they finish the job. We know the regulators will be watching.....More

    Words by Pekka Dare

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