Insights

Introduction The United Kingdom’s departure from the European Union (EU) in January 2020 raised questions about the future of its anti-money laundering (AML) and counter-terrorism financing (CTF) framework. As an EU member, the UK had implemented the EU’s AML directives, including the Fifth (5AMLD) and Sixth Anti-Money Laundering Directives (6AMLD). Post-Brexit, the UK now has…

Introduction The United Nations (UN) has been a central player in shaping global efforts to combat terrorism financing (TF). Its resolutions and conventions serve as the foundation for national legislations worldwide, compelling governments to implement robust frameworks to counter terrorist activities. With its focus on fostering international collaboration, the UN provides a comprehensive legal and…

Introduction Financial crime is a global issue that transcends borders, with money laundering, fraud, and corruption often involving complex international networks. Cross-border collaboration has become essential for combating these crimes effectively. This article explores the importance of international cooperation, highlights successful initiatives, and discusses strategies for enhancing cross-border financial crime risk management. The need for…

Introduction Sanctions remain one of the most potent tools for combating financial crime and achieving geopolitical goals. However, the complexity of global sanctions regimes, coupled with evolving financial crime tactics, presents unique challenges for organisations. This article delves into the intricacies of sanctions compliance, highlights the risks of non-compliance, and explores strategies to navigate these…

Introduction Financial crime risk assessments often focus on regulatory compliance, technological solutions, and operational frameworks. However, cultural differences across geographies can significantly influence the effectiveness of these assessments. From variations in attitudes toward corruption to differing compliance norms, understanding cultural nuances is critical for businesses operating globally. This article explores the role of cultural considerations…

Introduction As financial crimes grow in complexity, the future of risk management demands innovation, adaptability, and collaboration. Emerging technologies, evolving regulations, and global interconnectedness will shape how businesses detect and mitigate financial crime. This blog explores predictions for financial crime risk management by 2030 and outlines strategies for staying ahead. Emerging Trends in Financial Crime…

Introduction The convergence of cybersecurity and financial crime risk has become a critical focus for businesses and regulators worldwide. Cybercriminals are exploiting vulnerabilities in digital systems to execute sophisticated financial crimes, from ransomware attacks to fraudulent wire transfers. As digitalisation accelerates, organisations must integrate cybersecurity measures with financial crime risk assessments to address these overlapping…