Skip to content

Financial Crime

Companies are subject to constantly evolving internal and external threats. Explore the latest financial crime developments ― to help armour businesses against harm.

AllArticles

61 results

Money Laundering

Main Street banks can have Big City financial crime risks

The United States Department of the Treasury’s guiding principles for Bank Secrecy Act modernisation lean into the idea that “Main...
By Rachel Wolcott 6th August 2025
Main Street banks can have Big City financial crime risks

Financial Crime

North Korean hackers’ crypto expertise allows them to steal and launder in plain sight  

Forget about crypto evangelists waxing lyrical about web3 and digital assets — North Korean hackers just might be the world’s...
By Rachel Wolcott 1st August 2025
North Korean hackers’ crypto expertise allows them to steal and launder in plain sight  

Financial Crime

As global conflicts flare, G7 unites to combat illicit financing – part 2

When G7 leaders convened in Kananaskis, Alberta on June 14-15, 2025, they were scheduled to deal with the priorities outlined...
By Denisse Rudich and Julia Kulik 25th July 2025
As global conflicts flare, G7 unites to combat illicit financing – part 2

Financial Crime

As Global conflicts flare, G7 unites to combat illicit financing – part 1

Israel’s attack on Iran’s nuclear infrastructure — just days before G7 leaders arrived in Canada for the June 14-15, 2025...
By Denisse Rudich and Julia Kulik 24th July 2025
As Global conflicts flare, G7 unites to combat illicit financing – part 1

Europe, Middle East, Africa

Compliance help needed to reintegrate Syria

Syria’s financial sector is asking for help from compliance experts globally to help it reintegrate into the international financial system...
By Rachel Wolcott 22nd July 2025
Compliance help needed to reintegrate Syria

Enforcement Actions

Weak bank customer due diligence in spotlight again after Barclays fined £42 million

Barclays was handed two separate fines by the UK Financial Conduct Authority (FCA) yesterday for failures in its financial crime...
By Lindsey Rogerson 17th July 2025
Weak bank customer due diligence in spotlight again after Barclays fined £42 million

Financial Crime

KYC/AML at a tipping point as US weighs reform, firms opt for light-touch checks

Know-your-customer (KYC) and anti-money laundering (AML) efforts are at a tipping point as the United States considers Bank Secrecy Act...
By Rachel Wolcott 16th July 2025
KYC/AML at a tipping point as US weighs reform, firms opt for light-touch checks

Financial Crime

Boom time for crypto-enabled fraudsters

Illicit activities have tarnished the growth of cryptocurrencies, and it’s a challenge for law enforcement to keep up with the...
By Elizabeth Lumley 14th July 2025
Boom time for crypto-enabled fraudsters
...