The Institute Digest 22/7/22

Posted on July 22, 2022
Archive : July 2022
Category : News
The Institute AML and Financial Crime Digest #74 - 22/7/22

A sharp rise in #Fraud as Police-recorded crime in England and Wales hits the highest level on record

The NCA says that corrupt elites are being dissuaded from investing foreign money in the UK after a fresh crackdown on “enablers”

A useful breakdown of Nadhim Zahawi's Mansion House speech on the Financial Services and Markets Bill... which #stablecoins are brought into regulatory scope

Richard Lloyd OBE: "The City watchdog I chair is becoming more innovative – and assertive"

Anatomy of a Threat Group - Cyber-threats-as-a-service

The UK government has published its plans to regulate the use of AI...

... And Dan Whitehead comments

Meanwhile AI Regulation in the #EU is creating some concern...

... and Unit8 publishes a white paper on what to expect & how to prepare for it (PDF)

Fraud prevention is a priority use case for AI in financial services. 2 of the top 5 use cases for investment are "Fraud detection: transactions and payments" and "Fraud detection: AML and KYC".

NVIDIA's state of AI in financial services report 2022
David B. on HMRC's wide-ranging application of the 'Kittel principle'

Matthew Stephenson has updated his extensive bibliography on Corruption and Anti-Corruption

...which is available in a searchable format at Global Integrity’s Anti-Corruption Corpus site

Nicola Sharp considers the latest developments in the World #Football Corruption saga

Joint Statement On The EU – US Joint Financial Regulatory Forum

Gemini becomes the only company registered as a virtual asset service provider (VASP) with the Central Bank of Ireland for AML/CFT purposes

LawtechUK and the Regulatory Response Unit (RRU) have issued a Joint Statement in support of digital identity technology in the legal sector

The UK and US launch a set of prize challenges to accelerate the adoption and development of privacy-enhancing technologies (#PETs)

The International Chamber of Commerce (ICC) appoints Pamela Mar as incoming MD of its Digital Standards Initiative (DSI)

Research: #Compliance risks for #crowdfunding. A neglected aspect of money laundering, terrorist financing and fraud

#Regulation #AI #machinelearning #AIRegulation #MachineLearning #antifraud #corruption #anticorruption #AML #antimoneylaundering #Cryptocurrency #lawenforcement #policing #fintech #regtech #cybercrime #financialcrime