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23 September 2020 - Accuity Insights

What the FinCEN Files Say about the State of Financial Crime Compliance

This week saw the International Consortium of Investigative Journalists (ICIJ) expose thousands of confidential documents, known as the FinCEN Files. Here, we provide some initial observations on what the leaked documents say about the current state of the global financial crime compliance landscape.
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21 September 2020 - Accuity Insights

What are Suspicious Activity Reports?

Suspicious Activity Reports (SARs) are confidential records of unusual financial activity detected by financial institutions as part of their financial crime compliance obligations. The Financial Crimes Enforcement Network (FinCEN) received more than 12 million SARs between 2011 and 2017 – and more than two million in 2019 alone.
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24 August 2020 - Accuity Insights

Combining Rich History with Innovation to Solve Contemporary KYC Needs

Vito Cinesi, Head of Correspondent Banking and Foreign Financial Institutions at Banca Monte dei Paschi di Siena – the world’s oldest bank – discusses how Bankers Almanac KYC has helped the institution to thrive.
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12 August 2020 - Accuity Insights

Escrow in Real Estate: A Honeypot for Money Launderers

The real estate industry is frequently used as a conduit for money laundering activities. Every year, around $1.6 trillion of dirty money moves through this market – equivalent to 3% of the world’s GDP. In this article, we explore an important element within this topic – escrow (or trust) accounts.
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29 June 2020 - Accuity Insights

5MLD and the Role of Adverse Media Screening in Proactive Risk Management

The EU’s Fifth Anti-money Laundering Directive has extended the list of sectors that fall within the scope of the updated regulations. These new ‘obliged entities’ are required to implement financial crime prevention processes, including adverse media screening, in line with the practices carried out by banks and other regulated sectors.
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12 June 2020 - Accuity Insights

Ask the Expert: Q&A with Principal Attorney Hdeel Abdelhady (Part 2)

In the second part of our Q&A with Hdeel Abdelhady, Principal Attorney at MassPoint Legal and Strategy Advisory PLLC, we ask her about the impact of the COVID-19 pandemic on international sanctions and supply chains.
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5 June 2020 - Accuity Insights

Ask the Expert: Q&A with Principal Attorney Hdeel Abdelhady (Part 1)

As part of our ‘Ask the Expert’ series, we ask Hdeel Abdelhady, Principal Attorney at MassPoint Legal and Strategy Advisory PLLC, about international sanctions, enforcement trends, and the role of lawyers as gatekeepers of the financial system.
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26 May 2020 - Accuity Insights

ISO 20022: A Positive Force in the Fight Against Financial Crime

By providing more detailed information about all parties involved in a payment, the ISO 20022 message format will not only speed up payments, but increase transparency, improve sanctions screening and help organisations better detect and prevent financial crime.
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28 April 2020 - Accuity Insights

Enforcing Sanctions During a Global Pandemic

As the current humanitarian crisis unfolds, how are governments adapting their sanctions regimes – and how can organisations keep up?
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22 April 2020 - Accuity Insights

Ask the Expert: Q&A with Lawyer and Sanctions Blogger Nicholas Turner

As part of our ‘Ask the Expert’ series, we ask Nicholas Turner, Of Counsel with Steptoe & Johnson in Hong Kong and author of the weekly Sanctions Top-5 blog, about the trends he’s seeing across the global sanctions landscape.
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