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AML Basics

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August 23 2018 A vast web of shell companies is operating freely in Britain despite flagrant warning signs and documented ties to suspected money laundering, alleged bribery, and even Donald Trump’s convicted former campaign manager Paul Manafort. The network of more than 100 firms shows that despite promises by successive British prime...
August 17 2018 On the long list of cybersecurity threats facing corporate leaders, romance scams would at first glance hardly seem to crack the top 10. What could cons of lonely middle-aged singles have to do with the business email compromise (BEC) attacks increasingly targeting American corporations? Plenty, it turns...
July 26 2018 A number of key agencies are involved in the different stages of combating financial crime, and the organisational models adopted by these agencies vary from country to country. These models form the framework around which arrangements for interagency co-operation are built. Taking into account the different agency models...
August 13 2018 THE Sinaloa drug cartel was once the largest and most powerful in the world. The Mexican organised crime body at one point controlled so much of the illicit drug trade across Mexico and the United States that taking them down is a process that began in the...
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:...