Scholarship Spotlight: Three ‘Ps’ propel Festus Aisagbonhi in fight against human trafficking – Prevention, protection, prosecution

By Brian Monroebmonroe@acfcs.orgSeptember 11, 2019  Festus Aisagbonhi knows that one of the greatest allies for criminals is when people – whether they are compliance professionals, investigators and even potential victims – don’t even understand the crime, or know the underlying human and financial red flags. That’s why as Head of Conduct and Compliance at Access Bank […]

Scholarship Spotlight: Stronger bank information sharing, public-private partnerships key to countering human trafficking, says Rosie McWhorter

By Brian Monroebmonroe@acfcs.orgSeptember 10, 2019 Trying to counter a crime as complex and nuanced as human trafficking – with criminal networks in recent years more aggressively weaving transactions in crypto coins and dispersing them through seemingly unconnected credit and prepaid cards and bank accounts – is a team effort, says Rosie McWhorter.   As a senior […]

Fincrime Briefing: Congress scrutinizes Deutsche Bank on AML, fines fuel EU de-risking, malware hijacks crypto blockchain, and more

By Brian Monroe September 9, 2019 Quote of the Day: “Let us make our future now, and let us make our dreams tomorrow’s reality.” – Malala Yousafzai In today’s ACFCS Fincrime Briefing, Congress grills Deutsche Bank on anti-money laundering, counter-corruption controls, flurry of EU bank AML fines prompts new wave of de-risking, virulent malware […]

CipherTrace tackles impending FATF crypto ‘travel rule’ obligations with ‘Travel Rule Information Sharing Architecture’ whitepaper

By Brian Monroebmonroe@acfcs.orgAugust 29, 2019 Several powerful regulatory and economic bodies have issued guidelines, guidance and statements in recent months that could fundamentally change the nature of crypto transactions and how virtual currency exchanges and other related entities share information on users with each other in a bid to counter financial crime. But these initiatives, […]

SEC penalizes embattled Deutsche Bank more than $16 million to settle graft failings tied to China, Russia ‘referral hires’ – third bank to fall

Securities and Exchange Commission

By Brian Monroe August 28, 2019 The country’s top securities watchdog has penalized beleaguered behemoth Deutsche Bank AG more than $16 million to settle charges it violated domestic corruption laws by hiring the relatives of foreign government officials in order to illicitly influence them and snare new investment banking business deals. For nearly a […]

Fincrime Briefing: Embattled Estonia tops new AML index, CipherTrace tackles FATF crypto ‘travel rule,’ and more

By Brian Monroebmonroe@acfcs.orgAugust 26, 2019 Quote of the Day: “Believe you can and you’re halfway there.” – Theodore Roosevelt In today’s ACFCS Fincrime Briefing, in an ignoble irony, Estonia is crowned king of an annual AML index, CipherTrace offers an architectural lesson on how to potentially comply with FATF’s crypto “Travel Rule,” SEC fines Deutsche […]