The Institute Digest 6/11/22

The Institute AML and Financial Crime Digest #84 - 6/11/22

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On plans to adopt a new offence of 'Failure To Prevent Economic Crime'. Sion Richards, José Antonio de Bonilla Pella, Glyn Powell et al
http://bit.ly/3fQOnfE

Luxury Goods and Financial Crime - Craig McLeod, Karl Payeur and Sara Brunsdon-McVeigh follow the Treasure Trail
http://bit.ly/3Edpbtr

Network tools and anomaly detection. John Basquill talks Trade misinvoicing, entity analytics, circular trades and criminal agility
https://bit.ly/3tfdhsp

Money mule schemes, multi-customer cross-wallet activity and the use of crypto exchanges are the most common money laundering techniques according to Research from Feedzai
http://bit.ly/3zUgmSE

The FCA’s new sanctions tool – Alastair Lauder asks how should firms prepare?
http://bit.ly/3UDdX6z

The Markets in Crypto Assets (MiCA) bill could result in crypto influencers being charged with market manipulation if they fail to disclose potential conflicts of interest.
http://bit.ly/3G3kgfE

More than 2/3 of in-house lawyers surveyed by Ashurst express concern about their companies’ capacity to tackle evolving financial crime - Nisha Sanghani
http://bit.ly/3UDe9mj

Martin Riley explains why cyber security strategy must be more than a regulatory tick-box exercise
http://bit.ly/3AhcPOD

fscom report reveals the key financial crime and AML compliance challenges facing financial services firms in 2022.
http://bit.ly/3fNYz8H

#AML group, the Travel Rule Universal Solution Technology (TRUST) supported by Coinbase expands in Europe
http://bit.ly/3zQDqSo

5 men who allegedly defrauded investors of £1.2m via an “all or nothing” investment scheme charged by the FCA
http://bit.ly/3E8BHdC

JPMorgan Chase Bank settles #whistleblower retaliation lawsuit brought by a former anticorruption lawyer at the bank
http://bit.ly/3t6OE1l

#Glencore is ordered to pay £281m after its UK subsidiary admitted bribing officials in African countries...
http://bit.ly/3t9HOrD

...and the lawsuits are coming in
http://bit.ly/3hnU3yo

The cost of complacency: illicit finance and the war in Ukraine
https://bit.ly/3fQdwal

Is #CBDC "...a threat to Binance or other crypto-currencies? I don’t think so..." - Changpeng Zhao, chief executive of Binance
http://bit.ly/3t7pf7t

The Institute Committee is:

Phil Coole | Daren Allen | Darren Woodburn | Tracey Stevenson | Leanard Phillip. MSc.FinReg/Comp. Mgt. DipAML | Hidee Fletcher | Meagan Birch | Dean Evans | Jacob Bettany

#antimoneylaundering #fintech #regtech #financialcrime #organisedcrime #cybercrime #lawenforcement #fraud #antifraud #networkanalytics #travelrule #Corruption #Banking #CBDC #regulation #compliance #moneymules #entityanalytics #trade #cryptoregulation #illicitfinance