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Bankers Almanac delivers the data-enabled tools you need to validate payment codes, improve the certainty of a settlement, compress processing cycles, and reduce settlement risk for better rates of straight-through processing.
10 April 2018 - Accuity Insights

How tighter compliance can boost the reputation and value of ICOs

At the latest Financial Action Task Force (FATF) meeting, 35 countries, the European Commission and the Gulf Co-operation Council urged the international body to improve understanding of money laundering risk related to cryptocurrencies. In light of this, Michael LaScola, Business Solution Specialist at Accuity, discusses some AML best practices for ICOs and why they should […]
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2 March 2018 - Accuity Insights

Real Estate Spotlight Series: Tackling money laundering in Canada

The suspicion that runaway property prices in major Canadian cities are driven, at least in part, by illicit international investment won’t go away. According to a report by Transparency International, almost half of the most valuable residences in Greater Vancouver area are held through corporate structures that hide their ultimate owner, including a third that […]
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Accuity Insights

Real Estate Spotlight Series: A promising step forward for Asia in the fight against money laundering

As 2017 drew to a close, newspaper reports emerged in Singapore of charges filed against two real estate professionals, Kang Bee Leng, the managing director of Sterling Law Corporation, and Tan Yen Hsi, senior marketing director of CBRE Realty Associates[1]. The charges should send a shock wave through the real estate profession worldwide, as the […]
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Accuity Insights

What faster payments means for anti-money laundering compliance

- The global phenomenon of faster payments is having an impact on operational issues related to anti-money laundering (AML) compliance. Faster payments are a response to the need to modernise current payment settlement networks as a result of market, technology and demographic trends. Faster payment networks provide benefits to the three major participant groups: corporations, consumers […]
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Accuity Insights

Trade-Based Money Laundering: The US Ranks First in Destination for Illicit Money from Latin America

Trade-based money laundering, typically through trade mis-invoicing, has become the main vehicle for illicit financial flows (IFFs) around the globe. This form of money laundering involves deliberately misreporting the value of a commercial transaction on an invoice submitted to customs. Global Financial Integrity (GFI), the non-profit research and advisory organization focused on illicit financial flows studies, estimates that […]
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Accuity Insights

Paradise Papers or Panama Papers? Any change to the global financial system?

- The so-called Paradise Papers is another in a long list of leaks that forces money laundering into the open: The Panama Papers, Wikileaks in 2010, Luxembourg tax files in 2014 and HSBC in 2015. The Paradise Papers are essentially version 2.0 of the Panama Papers, albeit smaller with 1.4 terabytes of data leaked compared with […]
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Accuity Insights

Real estate and money laundering – spotlight on Canada

The real estate sector was at the centre of several discussions this year, mainly related to the perceived lack of transparency and high exposure to money laundering risk. Various initiatives have subsequently been initiated by US, UK and Canadian regulators related to high property valuations in New York, Miami, London and Vancouver respectively, including investigations […]
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