PPP Fraud: A Look Back at the CARES Act

In April of 2020, amid shutdowns and with the first wave of the COVID-19 pandemic hitting the United States, Congress passed the CARES Act authorizing the first allotment of funding for the Paycheck Protection Program, or PPP. The PPP provided funding for financial institutions to make forgivable loans to businesses large and small, to pay […]

Hemp and Commercial Banking: Risks, Opportunities, Confusion

The global industrial hemp market is projected to grow from $4.7 billion in 2019 to $26.6 billion by 2025. This represents an opportunity, but also a potential compliance headache, for financial institutions interested in servicing this space. Why a headache? As you might know, hemp comes from the cannabis plant, the same source of a […]

Inside the Lazarus Group – North Korea’s Crypto Crime and Risks to the Financial Sector

In conversation with Jonathan Levin, co-founder and Chief Strategy Officer, Chainalysis Pressured by sanctions, the government of North Korea has turned to an unexpected outlet to generate funds and move money – Cryptocurrency crime. Cyber threat groups tied to North Korea, have targeted cryptocurrency exchanges in recent years, with considerable success. Last August, a UN […]

Crypto and the Legacy Financial Sector – One World or Worlds Apart?

Presented by BAE Systems Applied Intelligence By now, most in the financial crime compliance space (though certainly not all) have accepted that cryptocurrencies are not a passing fad or a scam but are here for the long haul. That doesn’t mean they know exactly what to make of this brave new world of digital assets, […]

Financial CrimeCast – FinCrime Focus on Asia-Pacific, Part Two

Hear guidance on data management in sanctions risk, cryptocurrencies in the APAC region, AI and machine learning adoption, and changing regulatory expectations. Listen to Part One here. In the second half of this special two-part podcast series, Steven Scheurmann takes you across the Asia-Pacific (APAC) region to provide insights and highlights on key considerations in […]

Financial CrimeCast – FinCrime Focus on Asia-Pacific, Part One

Hear guidance on North Korea sanctions risk, AML enforcement perspectives, and real-time payments The Asia-Pacific (APAC) region, home to approximately 60% of the world’s population, is a burgeoning area full of innovation in financial technologies, nations with bustling economies, and growing populations. Yet accompanying these trends is inevitable financial crime risk, including trends and issues […]

Financial CrimeCast: KYC Transformation – From Dream to Reality, Part One

Part 1 of a two-part series examining KYC transformation through automation, in conversation with Dalbir Sahota, VP of Bankers Almanac: Financial Counterparty KYC with Accuity. Listen to Part 2 here. KYC starts with a question that’s seemingly quite simple – Who is my customer? Yet as anyone in the compliance field knows, the devil’s in […]

Human Slavery: Recognizing the signs of modern sex trafficking

Part two of a three-part series focused on modern slavery, presented by Thomson Reuters. Hear part one on slavery and global banking, or part three on slavery in the fashion industry.  Although slavery was abolished over 150 years ago, by some estimates there are more people enslaved today than at any time in our history. […]

Modern Slavery in the Garment Industry

How one fashion brand empowers women in the world’s most impoverished places through self-sustaining jobs that change lives Part two of a three-part series focused on modern slavery, presented by Thomson Reuters. Hear part one on slavery and global banking, or part two on sex trafficking and exploitation.  Globally over 40 million people are trapped […]