Risk Assessment Blog post 08 Nov 2023 • 5 min read The business-wide risk assessment's ability to orchestrate soloists and harmonise risk management Introduction In the world of risk management and financial crime prevention, orchestrating an effective financial crime defence strategy is essential to maintaining the integrity and stability of a...
Blog post 03 Aug 2023 • 4 min read Why does a financial crime taxonomy need to be built from the bottom up? I have had some super interesting discussions about building a financial crime taxonomy over the last few months, and one question all of these conversations have raised is - can you build a...
Risk Assessment Money Laundering Terrorist Financing Blog post 31 Jul 2023 • 10 min read How can Competent Authorities enhance their risk assessment activities? Background and Purpose The European Banking Authority (EBA) have recently published a report assessing the AML/CFT supervision approach of twelve Competent Authorities (CAs) [EBA/REP/2023/20]....
Risk Assessment Blog post 20 Jun 2023 • 3 min read Reimagining Financial Crime Risk Assessments: How Acuminor's Risk Assessment Platform Saved a ... In the ever-evolving financial landscape, a small national bank in the Nordics found a trailblazing solution to handle the complex demands of financial crime risk assessments - Acuminor's Risk...
Blog post 19 Jun 2023 • 2 min read Financial Crime Threat and Risk Management- A case of doing the right thing?
Risk Assessment Risk Assessment Pro Blog post 12 Jun 2023 • 3 min read Leveraging Financial Crime Risk Assessment: Driving Optimization, Customer Satisfaction and ... In the complex and fast-paced financial environment of today, financial crime is a daunting challenge that threatens the stability, reputation, and economic health of banks and other financial...
Blog post 12 Jun 2023 • 2 min read Unlocking profitability: The power of Dynamic Risk Assessments for Commercial Success A dynamic financial crime risk assessment can benefit financial institutions commercially in many ways: Enhanced risk management : By adopting a dynamic financial crime risk assessment, financial...
ThreatView Human Trafficking Blog post 11 Jun 2023 • 3 min read World Day against Child Labour: Why it matters Every year on June 12th, the world observes World Day against Child Labour, a day to raise awareness and take action to end the exploitation of millions of children who work under hazardous and...
Blog post 07 Jun 2023 • 7 min read UK financial reporting consultation on revisions to the UK corporate governance code: Implications ...
Risk Assessment Compliance Blog post 30 May 2023 • 3 min read The Future of Financial Crime Compliance: The Essential Role of Threat and Risk Analysis As financial ecosystems become more interconnected and complex, complying with regulatory demands and actively preventing financial crimes has become a monumental task for financial institutions. As...
Risk Assessment Blog post 29 May 2023 • 6 min read Changing in response to Threats? Let’s start first with Identification, Understanding, Translation ...
United Kingdom Blog post 05 Apr 2023 • 5 min read UK Government's Economic Crime Plan 2023-2026: Tackling the Growing Threat of Illicit Economic ... Background
Risk Assessment Blog post 08 Feb 2023 • 5 min read Do More with Less: Business Wide Risk Assessment In the current challenging economic environment, many institutions will be reviewing their spending and will try to make sure that every cent is being invested wisely. Meanwhile, history tells us...
Blog post 08 Nov 2022 • 10 min read An attacker's toolbox – Social Engineering Many have heard of phishing , vishing , and smishing , terms which have flourished to describe the ways in which people are tricked into sharing their personal information. These attack techniques...
Risk Assessment Blog post 19 Jun 2022 • 5 min read Top 5 Pain Points for Financial Crime Risk Assessments – A market analysis Over the last year, Acuminor have spoken to hundreds of regulated institutions about their financial crime risk assessments.
Blog post 23 May 2022 • 6 min read Correspondent Banking and how it can be misused What is Correspondent Banking? The Wolfsberg Group defines Correspondent Banking as: “the provision of a current or other liability account, and related services, to another financial institution,...
Blog post 23 May 2022 • 2 min read UK de-risking – The impact on legitimate business So, you’re running an awesome company and want to expand to the UK. Makes sense, it’s still the financial hub of Europe despite Brexit and all that. So, you set things up: A UK Limited company, tax...
Blog post 27 Apr 2022 • 7 min read Public Private Partnerships… What are they good for? Stop me if you’ve heard this one before, ‘public private partnerships (PPPs) in the anti-money laundering (AML) sector need to be improved’. Or perhaps this one, ‘PPPs need to do more’. These...
Money Laundering Terrorist Financing Blog post 20 Apr 2022 • 4 min read Financial and social inclusion at risk due to blanket de-risking On the 5th of January 2022 the European Banking Authority (EBA) published their opinion on de-risking (EBA/Op/2022/01). The EBA is taking a critical stance towards the de-risking strategies used by...
Blog post 13 Feb 2022 • 3 min read The Spiders Web of Threat Detection: how to find out which threats you are catching? When I think about transaction monitoring rules, I like to imagine a mess of spider’s webs – overlapping and tangled together. The webs are so large and tangled that they catch many flies, more than...
Money Laundering Compliance Terrorist Financing Blog post 13 Feb 2022 • 1 min read Pliance x Acuminor – Seminar Summary Before Christmas we hosted a seminar together with one of our partners, Pliance , at Norrsken House in Stockholm. The topic was “Financial crime regulations – cost or opportunity for FinTech’s in the...
Cybercrime Blog post 14 Oct 2021 • 2 min read Over-the-counter (OTC) brokers This week our weekly round-up is replaced with an article about over-the-counter broker, in order to highlight and raise awareness around cybercrime and the cybersecurity awareness month.
Cybercrime Blog post 07 Oct 2021 • 2 min read Cyber Laundry Specialists – QQAAZZ October is the month of Cybersecurity awareness, initiated by the European Union in order to promote cybersecurity among EU citizens . Read our CISO Johan Landströms text about QQAAZZ and get an...
Money Laundering Terrorist Financing Sanction Violations Blog post 02 Sep 2021 • 5 min read The rise and fall of the national risk assessment Let’s start with the summary: The 6th EU Anti-Money Laundering Directive poses a potential threat towards EU’s fight against money laundering, terrorist financing and sanction violations. Worrying?...
Money Laundering Terrorist Financing Sanction Violations Blog post 11 Aug 2021 • 4 min read We all know our high-risk countries, don’t we? North Korea. Iran. Myanmar. Because it’s easy – Just take the FATF grey list, the EU high-risk third countries and top up with Transparency International’s Corruption Perception Index and we’re home...
Money Laundering Terrorist Financing Sanction Violations Blog post 27 Jun 2021 • 5 min read The Map: How to create effective Business-wide financial crime risk assessments Imagine that you are in a vast forest. It’s getting darker and you have no idea how to find your way back home. Without a map you’ll probably end up even more lost. Best case, you’ll find your way...
