Financial Crime
Companies are subject to constantly evolving internal and external threats. Explore the latest financial crime developments ― to help armour businesses against harm.
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7 results
Money Laundering
Children targeted by social media recruitment ads for money mules
Criminals are overtly targeting young people to become money mules. Two-thirds of all advertisements aimed at attracting new recruits appear...
Financial Crime
UK could revoke trade and aid in fight against online fraud
The UK government could tie trade and aid deals to its effort to root out financial crime, according to Home...
UK Regulation
UK FCA changes official stance opposing payments to whistleblowers
The UK Financial Conduct Authority (FCA) has changed its decade-long opposition to paying whistleblowers. “We recognise that there are benefits...
Financial Crime
Money laundering reporting officer role downgraded, fincrime professionals feel exposed
The money laundering reporting officer (MLRO) role has been downgraded in seniority, leaving financial crime professionals feeling exposed to retaliation,...
Money Laundering
UK tax authority compliance officer gets suspended sentence for aiding money laundering
A compliance officer at HM Revenue & Customs (HMRC) has received a 14-month suspended sentence for helping her husband launder...
Europe, Middle East, Africa
EU financial services ‘should not wait’ for finalised AML single rulebook to begin due diligence remediation
European Union financial services firms should not wait for the finalized anti-money laundering (AML/CFT) single rulebook to begin due diligence...
Financial Crime
Challenger banks’ inexperience, governance failings led to fincrime fines
Starling Bank and Metro Bank’s recent Financial Conduct Authority fines were caused, in part, by inexperience and governance failings, the...
