AML Basics

If you are new to the AML area, you should start here…

August 10 2018 Special council Robert Mueller’s inquiry into Russian interference in the 2016 election has led to multiple charges of financial crimes for former Trump campaign chairman Paul Manafort. As the prosecution laid out in the ongoing trial this week, Manafort’s alleged criminal activity followed a common playbook—money laundering through real...
July 17 2018 Buyers and sellers can exchange cash in person, transfer bank funds online or can exchange funds for prepaid cards, gift cards or other cryptocurrencies. The need to launder money is omnipresent in the criminal world, and lately, a new way of doing it has come to the fore:...
July 18 2018         Combating money laundering poses a major challenge for the financial-services industry and beyond. The United Nations Office on Drugs and Crime estimates that the annual cost of money laundering and associated crimes runs anywhere from US$1.4 trillion to $3.5 trillion a year.Every day anti-money-laundering...
July 16 2018 The U.S.’s more robust, streamlined AML regulatory regime, although hardly perfect, stands in stark contrast to the dysfunction alleged in the German Report that plagues B.C.’s current framework. In this post, we describe the U.S. AML regulatory regime for the gaming industry, and the recent enforcement actions which...
July 5 2018 Although massively underreported, financial exploitation is increasingly becoming a rampant form of abuse among aging adults, particularly those with cognitive impairments such as Alzheimer’s disease or other types of dementia. These crimes are now so widespread that elderly financial abuse is often called “the crime of the...
July 3 2018 An interesting article on the canvas of why Israeli law enforcement agencies do not cooperate with their foreign counterparts in the fight against financial fraud has appeared in the Times of Israel. The medium in the extensive report points to the extremely strong impact of organized crime. According to...