The Institute Digest 7/9/22

The Institute AML and Financial Crime Digest #81 - 7/9/22

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The Institute of Money Laundering Prevention Officers is supported by:

Guidehouse | Beyond | Lucinity | Complyport | Learn More: https://bit.ly/3D8eKXN (PDF)

Business as usual or storms on the horizon? A mid-year review of the SFO's achievements and pressure points for 2022 - by Shula de Jersey and Matt Davies
https://bit.ly/3TPpaRV

The SFO is pushing reform for the UK’s current disclosure framework
https://bit.ly/3BkAMW7

Organizations are spending billions on #malware defense that’s easy to bypass
https://bit.ly/3ARy0WV

The Court of Appeal considers an approach to damages for deceit claims
https://bit.ly/3D5r770

An explosion of Online Gambling strains Financial Crime Regulators
https://bit.ly/3cO7s0N

Financial Action Task Force (FATF) reveals guidance on #AML risks in the #Property Market
https://bit.ly/3cVapN0

As Passport #Fraud Rises, Are Hard-Copy Documents to be trusted in the #KYC process?
https://bit.ly/3exj4W8

#Crypto exchanges in the UK face more reporting requirements over #sanctions breaches
https://bit.ly/3D0xQ1V

AML advice to the regulated sector - John Binns on considerations businesses should have when getting established
https://bit.ly/3TO6u5e

The owner of Ladbrokes has been fined £17mn money laundering breaches. A comment by Niall Hearty
https://bit.ly/3BmJUcR

"While there’s no doubt AI/ML are beneficial... there’s an urgent need to bolster AML processes, the challenge is implementing them across a large organisation" - Colin Bristow
https://bit.ly/3RMz45j

Michael Foster, the 25-year-old accused of Fraud and money laundering, and one of the UK's most-wanted, has been extradited to the UK
https://bit.ly/3QpkfUS

#HSBC not liable for al-Qaeda suicide attack at CIA base
https://yhoo.it/3cUqgeM

A picture of how “traditional” and virtual organised crime and money laundering typologies are merging
https://bit.ly/3RKKlTF

Reporting to OFSI: what do I need to do?
https://bit.ly/3Rp9a7O

The majority of financial services professionals are only ‘somewhat confident’ in their AML procedures
https://bit.ly/3D4nVbH - https://bit.ly/3AYIEv7

Trafficking gang laundered millions through Vietnamese student accounts and nail bars
https://bit.ly/3qnbPTm

Economic fraudsters: shapeshifters who adapt their crime to fit the tech
https://bit.ly/3euKcFu

Research: The abuse of #hawala #banking for terrorist financing in German-speaking countries
https://bit.ly/3D4hPZ2

The Institute Committee::

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

#antimoneylaundering #antifraud #gambling #financialcrime #organisedcrime #cybercrime #cryptocurrency #digitalassets #cryptoregulation #gamblingregulation #lawenforcement #policing #sanctions #compliance #moneylaundering #CFT #machinelearning #AI