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 31 Jul 2023 • 1 min read A Threat-Led Approach to Financial Crime Prevention Threats occur in the real-world, they involve real people – perpetrators, victims, enablers, insiders - and many other people and objects that get caught up as collateral damage.
Acuminor Reports 11 Apr 2023 • 1 min read The case for a standardised taxonomy for economic crime A threat-matrix should be a dynamic guiding document, one that allows you to understand how criminality perpetrates your organisation and what actions you could take to prevent it. However, it is...
Terrorist Financing Acuminor Reports 01 Feb 2023 • 2 min read Detecting the financing of right-wing extremism Combatting Terrorism Financing: Right Wing Extremism Emerges as Priority, But Detection Remains a Challenge
Acuminor Reports 24 Jan 2023 • 1 min read Building societies: evolution, challenges and opportunities Building societies are doing a lot to evolve to become more digitally focused – which brings unique challenges when it comes to fighting financial crime.
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...
Acuminor Reports 16 Oct 2022 • 2 min read Paved With Good Intentions Too often, NPOs face a myriad of obstacles when trying to obtain access to bank accounts and carrying out transactions making their daily work (almost) impossible. If any advice is forthcoming at...
Money Laundering Fraud Acuminor Reports 05 Jul 2022 • 4 min read Liability for AML breaches: lessons from the regulatory landscape Last week, Switzerland’s top criminal court delivered a landmark verdict in the country’s first criminal trial against a major lender. The bank was found guilty of having failed to prevent money...
Human Trafficking Acuminor Reports 19 Jun 2022 • 10 min read Ukrainian refugees and the human trafficking crisis: the role of the financial sector Trafficking in human beings (THB) often emerges as a corollary of war. It is well-established that human traffickers perceive opportunity in the midst of turmoil, and actively seek to capitalise on...
Money Laundering Environmental crime Acuminor Reports 15 Mar 2022 • 7 min read The Contextual Dilemma in Financial Crime How important is environmental crime in developing effective AML risk indicators and controls We don’t really care about the environment in the financial crime industry!
Acuminor Reports 26 Sep 2021 • 6 min read Case Study – JAK Members Bank Using Risk Assessment Pro to help a small Bank improve their risk-based approach Introduction JAK Medlemsbank, a small Swedish member’s bank with a targeted product offering took the decision in 2020...
