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AML Case studies / Reports

Case studies/ reports which can provide in-depth knowledge of this area. Updated regularly.

INTRODUCTION When it comes to auditing BSA/AML programs, one of the first questions the average auditor will ask is: “Do you have a manual or an automated process?” The usual assumption is that since an automated system is supposed to be more effective than a manual system, that it actually...
Detailed analysis report from Organized Crime and Corruption Reporting Project to unleash the EU money laundering racket. Extract: While governments and citizens of Eastern Europe were struggling with the recent financial crisis and trying to borrow money from international financial institutions, billions of euros circulated in the region in an illegal,...
July 11, 2017 Recently, the European Commission published the Supranational Risk Assessment Report (Report) in which it assessed risks factors that pose threats to EU markets and cross-border relations, such as money laundering (ML) and terrorist financing (TF). The Commission analyzed the risks of different sectors and financial products, including...
Whether it's waterfront trophy homes or apartments off the plan, or even massive commercial developments, Chinese investment in our real estate has surged by more than 400 per cent in just five years, with as much as A$12 billion spent in the previous financial year alone. Property is now...
January 3 2018 Mexico has a good system to tackle money laundering and terrorist financing, but should step up efforts in pursuing launderers and confiscating their assets to mitigate the significant risks. The International Monetary Fund (IMF) conducted an assessment of Mexico’s anti-money laundering and counter-terrorist financing (AML/CFT) system, based on...
June 22, 2016 Trade-based money laundering (TBML) involves the exploitation of the international trade system for the purpose of transferring value and obscuring the true origins of illicit wealth. TBML schemes vary in complexity but typically involve misrepresentation of the price, quantity, or quality of imports or exports. Financial institutions...