Up next on the main stage, a panel discussion featuring Cynthia Borg of APS Bank, Ciaran Askin of Janus Henderson Investors, Stephen Alsace of RBC and Fiki Bailey of Aviva Investors on the topic - Mastering Sanctions Compliance: Tools, Tactics, and Trends. Discussions include what sanctions evasion tactics are becoming more worrisome and how financial institutions can stay ahead of these evolving tactics. #AMLTechForum24 #AML #RegTech
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Following the consultation on updates to the FCG, it’s currently unclear whether the revisions will go far enough in terms of providing firms with practical, sector-specific guidance. While encompassing major themes like sanctions, cryptoassets and proliferation financing, it’s uncertain whether any technology-specific guidance will provide clear expectations around financial crime systems and controls. #financialcrime #financialservices #regulation #FCA
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Following the consultation on updates to the FCG, it’s currently unclear whether the revisions will go far enough in terms of providing firms with practical, sector-specific guidance. While encompassing major themes like sanctions, cryptoassets and proliferation financing, it’s uncertain whether any technology-specific guidance will provide clear expectations around financial crime systems and controls. #financialcrime #financialservices #regulation #FCA
Will the FCA’s Financial Crime Guide updates go far enough?
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A detailed webinar provided a comprehensive exploration of typologies associated with sanctions evasion, money laundering, and threat financing using high-value goods, art, and antiques, while offering practical insights and recommendations for combating these illicit activities. LSEG World-Check
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Like this content? Follow us at: https://lnkd.in/gmm46hRq The Growing Challenge of Trade-Based Money Laundering Imagine a world where criminal organizations exploit the complexities of global trade to launder billions, fueling everything from drug trafficking to terrorism. This isn't a hypothetical scenario; it's the chilling reality of trade-based money laundering (TBML), a pervasive threat undermining global financial stability. read more at : https://lnkd.in/dXJY6q2Y
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🗺️ What is the global sanctions landscape today? What are its specificities for the Asian capital market? 💻 Join us for an exclusive webinar organized with Hubbis and get the latest insights on the challenges of identifying sanctioned securities and, ultimately, how to invest with confidence. 👉 Discover and register: https://six.swiss/48IL287 #MakingADifferenceWithData #Sanctions #SSMS #KnowYourInstrument Hubbis
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Have you read our guide to sanctioned securities? Here's what our resident sanctioned securities expert, Jeff Teahan has to say: "Navigating Compliance: Guide to Sanctioned Securities" touches on a wide range of issues, many of which have lacked clarity until now. Capital Markets can sometimes be esoteric. Compound this with tricky and broad sanctions regulations and you’ve got a real mountain to climb. We hope this handbook simplifies and demystifies some of the common pitfalls associated with sanctions and financial instruments.” Click here to download: https://lnkd.in/ezFNQcg8 #financialcrime #compliance #sanctions #securities #screening
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🥊 Combating financial crime: The benefits of a modular approach 🚨 While modern finance is endlessly beneficial for businesses and consumers, this interconnectedness also helps illegitimate actors. Financial crime and sanctions circumvention have become more sophisticated, with criminals exploiting global networks to launder money, fund terrorism, and engage in other illicit activities. ✍️ In our latest article, Shane Riedel, founder of Elucidate, shares his approach by how adopting modular systems, can efficiently manage risks, meet regulatory requirements, and support global economic stability by constructing financial compliance that meets their unique needs. 📖 Read the article by following the link in the comments section below ⬇️ #Elucidate #GenAI #financialcrime
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To quote Karim Lakhani in the Harvard Business Review: "#AI won't replace humans, but humans with AI will replace humans without AI." Strategically using and enriching data to provide real-time assessment of financial crime risk is more than a trend—it's a requirement. Shifting controls left is only possible with agile, flexible, and AI-enabled #dataanalytics. 📊🚀 Delivering qualified risk data to people and systems is key to sustainably bending the curve on financial crime and fraud. This is at the core of what we do at Elucidate. A big thank you to the Trade Finance Global (TFG) team for collaborating on this important piece! 🙏
🥊 Combating financial crime: The benefits of a modular approach 🚨 While modern finance is endlessly beneficial for businesses and consumers, this interconnectedness also helps illegitimate actors. Financial crime and sanctions circumvention have become more sophisticated, with criminals exploiting global networks to launder money, fund terrorism, and engage in other illicit activities. ✍️ In our latest article, Shane Riedel, founder of Elucidate, shares his approach by how adopting modular systems, can efficiently manage risks, meet regulatory requirements, and support global economic stability by constructing financial compliance that meets their unique needs. 📖 Read the article by following the link in the comments section below ⬇️ #Elucidate #GenAI #financialcrime
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#aml #antimoneylaundering #moneylaundering #financialcrime #fincrime #sanctions The sanctions alone is not the most interesting part of this one - it’s the intersection of such groups with illicit natural resource extraction that is the standout. Have a read of the article, then check out the US Department of the Treasury’s press release which outlines more on this under the section ‘Prigozhin Enterprise Companies’ (link in comments below). Check it out plus much on The Laundry® at: thelaundrynews.com
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Meet the Watchdogs of Global Finance 🔍 In the complex world of international finance, these organizations stand at the forefront of combating money laundering (ML), terrorist financing (TF), and the evasion of targeted financial sanctions: 1️⃣ International Monetary Fund (IMF) Role 2️⃣ Financial Action Task Force (FATF) Role 3️⃣ Bank for International Settlements (BIS) Role 4️⃣ International Organization of Securities Commissions (IOSCO) Role These powerhouses work tirelessly to maintain the integrity of our global financial system. Their efforts are crucial in an era of rapidly evolving financial technologies and cross-border transactions. Interested to know more? Let's discuss! To know more: https://lnkd.in/gdSYPhMe #CryptoverseLegalConsultancy #FinancialRegulation #AMLCompliance #CFTPrevention #GlobalFinance #RegulatoryBodies #FinancialSecurity #InternationalCooperation
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