Earlier this week, riskscreen.com hosted our final roundtable of the year where RiskScreen CEO Stephen Platt, and Tom Devlin, Senior Director Regulatory & Product were joined by guest panellists Linda Baskett, Financial Crime Director at Aon UK and Rodrigo Espinosa, Risk & Compliance Specialist, Dow Jones.
Money laundering is often a sophisticated crime pursued through complex transactions across multiple financial systems; but it may also rely on much simpler techniques – a Europol investigation into money mules has just concluded with the arrest of more than 1,800 individuals.
UK Police have joined forces Lloyds Banking Group to test a new scheme that will use the proceeds of crime to invest in projects that fight against fraud and support victims.
A recent article published by The Guardian dives into how London has become a hotspot for kleptocracy.
The Internal Consortium of Investigative Journalists has published data from on the beneficial owners of over 15,000 companies, trusts, foundations and other entities from the Pandora Papers investigation. The data comes from two of the fourteen service providers that made up the leak, with more data from the other service providers coming in 2022.
At least six institutions operating in the island’s financial sector have been flagged by the Financial Investigations Division (FID), as they are not in compliance with the law and their operations “may be used to facilitate money laundering”.
In what would rank as one of the most expensive sales in the history of NFTs, a CryptoPunk NFT has just been sold for over $500 million, though analysts have begun to raise questions about the legitimacy of the sale.
NatWest has shrugged off a looming fine for money laundering failings to report a jump in third-quarter profits.
UAE intensifies efforts to combat money laundering and terrorism financing crimes, and strengthen deterrent penalties for perpetrators.
Insight Crime — Specialist gangs have been caught smuggling expensive vehicles from Colombia into Venezuela, shining a spotlight on how an increasingly dollarized economy has allowed a black market for luxury goods to thrive. In late September, thieves hijacked a Toyota…