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Cargo ships docked on harbour
30 May 2018 - Accuity Insights

Shipping technology is making trade finance more transparent

Versions of this article originally published in Global Banking & Finance Review and Trade Financing Matters. In the twelve months from January to December 2017, over 4,500 vessels in the container, bulker and tanker fleet completed 30,000 visits to OFAC sanctioned terminals (Iran, Cuba, North Korea, Sudan, Syria and the Crimea). Whilst not every vessel visit […]
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7 May 2018 - Accuity Insights

The future of air cargo compliance screening

Recent news that a Maersk company carried arms components from North Korea to Egypt, in a violation of international sanctions, acts as a fresh warning for those facilitating global trade to be diligent in monitoring and reporting suspicious activity. The transportation of electrical components by a Maersk subsidiary, which had the potential to be used […]
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10 August 2017 - Accuity Insights

Trade finance: is your screening up to scratch? Survey findings from our recent webinar with UK Finance

In June, the fight against nuclear proliferation in rogue states took an interesting turn when China’s Bank of Dandong was blacklisted by the US for ‘facilitating financing’ for companies linked to North Korea’s nuclear programme. This signalled firmly that regulators aren’t only chasing organisations that breach sanctions – those financing the trade will be held equally responsible.
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10 August 2016 - Accuity Insights

Why financial institutions based in Africa should have robust compliance systems in place

Alfred Pobi, Key Account Manager at Accuity, presented on the challenges facing African banks and the importance of having the right Anti Money Laundering (AML) system in place within those banks during the GIABA Commission (Inter-Governmental Action Group against Money Laundering in West Africa) at Praia, Cape Verde where 17 countries from Africa were represented. […]
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27 July 2016 - Accuity Insights

Will Hong Kong’s crackdown on money laundering harm the economy?

The announcement in June by Hong Kong’s securities regulators related to the spike in breaches of the Anti-Money Laundering (AML) rule is provoking discussions in the regional financial community as to how these crackdowns impact Hong Kong’s future economic growth. As it stands, the IMF recently cut Hong Kong’s economic growth forecast from 2.7% to […]
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20 May 2016 - Accuity Insights

Henry Balani: The RCBC heist – the need for reform

By Henry Balani, Global Head of Strategic Affairs, Accuity & FircoSoft The Rizal Commercial Banking Corporation (RCBC) case continues to generate worldwide interest, as the issue has highlighted significant gaps in the regulatory coverage and enforcement of potential money laundering instances. Many central banks have accounts at the Federal Reserve to facilitate cross border settlements […]
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26 April 2016 - Accuity Insights

The Future of Compliance in Africa – How major sanctions lists affect African banks

Round Table Discussion on the Future of Compliance in Africa Part 1 of 4 – How major sanctions lists affect African banks The Future of Compliance in Africa was the theme of a roundtable discussion jointly convened by Ernest Honya, President of the Association of Certified Compliance Professionals in Africa (ACCPA), and Hugh Jones, President […]
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24 March 2016 - Accuity Insights

Henry Balani: Trade compliance – digitising the flow

As trade finance progresses towards a digital delivery model, new opportunities to reduce fraud and fight financial crime are opening up. Henry Balani, Global Head of Strategic Affairs, Accuity, talks to FX-MM about reducing manual workflows and creating a safer trade finance environment. Download the full FX-MM article here:
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21 March 2016 - Accuity Insights

4th Anti-Money Laundering Directive – how does it affect you?

By Nina Kerkez, Senior Product Manager, KYC Solutions, Accuity Ten years on since the passing of the Third Money Laundering Directive, the EU 4th Money Laundering Directive (4MLD) was finally approved in May 2015 by the European Parliament. During those ten years, the financial industry has faced many challenges and changes which have put more […]
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4 March 2016 - Accuity Insights

Trade Finance: The new frontline in the battle in the prevention of money laundering & terrorist financing

Combatting trade-based money laundering (TBML) gains momentum in Asia-Pacific.
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