The Institute Digest 6/11/22

Posted on November 7, 2022
Archive : November 2022
Category : News
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

Luxury Goods and Financial Crime - Craig McLeod, Karl Payeur and Sara Brunsdon-McVeigh follow the Treasure Trail

Network tools and anomaly detection. John Basquill talks Trade misinvoicing, entity analytics, circular trades and criminal agility

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

The FCA’s new sanctions tool – Alastair Lauder asks how should firms prepare?

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.

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

Martin Riley explains why cyber security strategy must be more than a regulatory tick-box exercise

fscom report reveals the key financial crime and AML compliance challenges facing financial services firms in 2022.

#AML group, the Travel Rule Universal Solution Technology (TRUST) supported by Coinbase expands in Europe

5 men who allegedly defrauded investors of £1.2m via an “all or nothing” investment scheme charged by the FCA

JPMorgan Chase Bank settles #whistleblower retaliation lawsuit brought by a former anticorruption lawyer at the bank

#Glencore is ordered to pay £281m after its UK subsidiary admitted bribing officials in African countries...

...and the lawsuits are coming in

The cost of complacency: illicit finance and the war in Ukraine

Is #CBDC "...a threat to Binance or other crypto-currencies? I don’t think so..." - Changpeng Zhao, chief executive of Binance

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