Customer Due Diligence (CDD): How Bad Actors Exploit the Gaps
Customer Due Diligence: How Bad Actors Exploit The Gaps
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Anna Stylianou
5 days ago2 min read
Bitfinex Hack Money Laundering Methods: Lessons learned
If you think crypto is anonymous, think again. In November 2024, Ilya Lichtenstein was convicted for the 2016 Bitfinex hack, where he...
100
Anna Stylianou
Nov 205 min read
The Russian Laundromat: How $20 Billion were Transferred from Russia to the Rest of the World
In 2017, the Organized Crime and Corruption Reporting Project (OCCRP) brought to light the Russian Laundromat , a complex money...
3170
Anna Stylianou
Nov 182 min read
What are Privacy Coins and How They Can be Used in Money Laundering
Privacy coins are cryptocurrencies designed to protect user anonymity. Some popular examples are Monero and ZCash. Unlike Bitcoin, where...
930
Anna Stylianou
Nov 172 min read
What is the difference between KYC and CDD?
Know Your Customer (KYC) and Customer Due Diligence (CDD) are two terms that usually go together. How do people approach these two concepts?
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Anna Stylianou
Nov 132 min read
Metro Bank Fined £16.7 Million for AML Failures – What Happened?
Metro Bank Penalty
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Anna Stylianou
Nov 122 min read
Simplify Your AML Processes by Turning them Into Questions
When we conduct Customer Due Diligence (CDD) as part of the Anti-Money Laundering (AML) program, the reality is that sometimes things...
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Anna Stylianou
Nov 53 min read
5 Components of AML-Compliant Onboarding
How to create an effective customer onboarding process
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Anna Stylianou
Oct 272 min read
Outcomes of the FATF Plenary Meeting 23-25th October 2024 - Paris
FATF Plenary Outcomes October 2024
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Anna Stylianou
Oct 223 min read
How to Improve Your Negotiation Skills as a Compliance Professional
How to improve your negotiation skills as a compliance officer
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Anna Stylianou
Sep 92 min read
5 KYC Mistakes Made by Regulated Entities
This article highlights some gaps in the KYC procedures of regulated entities.
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Anna Stylianou
Sep 12 min read
Once a PEP, always a PEP?
This article explains the approach AML professionals can use when deciding whether to treat a PEP always as such
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Anna Stylianou
Aug 82 min read
Understanding the FATF’s Approach to High-Risk Jurisdictions
Understand the process behind high-risk country classification
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Anna Stylianou
Jul 94 min read
Understanding ML/TF Risks in Australia: Follow-up Report on Mutual Evaluation
Understand the ML/TF vulnerabilities of Australia
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Anna Stylianou
Apr 173 min read
The Downfall of Credit Suisse: Key Lessons for the Financial Industry
Learn about a series of risk management failures and reputational damages led to the sale of Credit Suisse to its largest competitor
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Anna Stylianou
Mar 142 min read
The Artificial Intelligence (AI) Act in Europe (EU): Key Elements
On Wednesday, 13th March 2024, the European Parliament approved the Artificial Intelligence (AI) Act. The regulation was agreed in...
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Anna Stylianou
Feb 142 min read
New Proposed AML/CFT Rules for US Investment Advisers: What You Need to Know
The Financial Crimes Enforcement Network (FinCEN) has introduced a transformative proposal that is set to redefine the regulatory...
590
Anna Stylianou
Feb 62 min read
What is a National Risk Assessment (NRA)?
The National Risk Assessment (NRA) is one of the most important tools we have in the fight against money laundering (ML) and terrorism...
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Anna Stylianou
Jan 293 min read
AML News: Lawyer Sentenced To 10 Years In Prison For Laundering $400 Million Of OneCoin Fraud Proceeds - Lessons learned
Lawyers play a crucial role in the financial world. They are gatekeepers of the financial system, ensuring that financial transactions...
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Anna Stylianou
Jan 231 min read
UK's Amendment to High-Risk Third Countries Definition
On 22nd January 2024, HM Treasury issued a notice which amends the UK's definition of "high-risk country"to align with the list...
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