Sanction Violations USA 03 Apr 2024 • 8 min read Lessons from the U.S.: A review of OFAC public enforcement actions Last month saw the publication of a Tri-Seal Compliance Note from the U.S. Departments of the Treasury, Commerce, and Justice, reminding foreign institutions to take seriously the impacts of U.S....
United Kingdom Cryptocurrency Money mules 20 Feb 2024 • 7 min read Financial crime in a post-pandemic era: major themes and typologies Suspicious activity reports (SARs) are an essential component in global efforts to uncover and prosecute financial crime. In the United Kingdom, SAR-reporting requirements apply across a wide...
Risk Assessment United Kingdom 23 Jan 2024 • 9 min read Regulatory penalties in 2023: common compliance challenges Preventing the use of the legitimate financial system to launder the proceeds of crime continues to be a priority area for the UK’s Financial Conduct Authority (FCA).1 As an authorized firm, you’re...
Acuminor Reports 20 Sep 2023 • 2 min read Proliferation financing and the private sector: keeping pace with expectations The need to raise awareness and understanding of proliferation financing (PF) in the private sector is urgent. Three years ago, FATF amended its Standards to require financial institutions and...
Acuminor Reports 17 Nov 2022 • 1 min read BEC fraud: a growing concern for business International Fraud Awareness Week seeks to promote anti-fraud education, detection and prevention. Following closely on the heels of European Cyber Security Month, the two awareness campaigns make...
