Accuity Insights Blog

  • Filter Results by Topic

  • Filter Results by Brand

  • Clear

15 December 2017 - 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 […]
Find out more
22 November 2017 - 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 […]
Find out more
16 August 2017 - Accuity Insights

Brazil: Is international collaboration the solution in the fight against corruption?

By Carolina Lessa, Director, Government Affairs – Latin America, RELX Successive corruption scandals coupled with a debilitating economic crisis have crippled and discredited Brazil. Every single day, there is news of yet another conviction, like the recent sentencing of former President Luiz Inacio Lula da Silva[1]. However, there is a positive story to be told that […]
Find out more
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.
Find out more
11 May 2017 - Accuity Insights

Odebrecht: Can the Largest Foreign Bribery Case in History Lead to More Compliance?

Odebrecht probably sounds familiar to the majority of us, either as a great example of internationalization or for its infamous financial crime allegations. This colossal bribery scandal has been running in the headlines of major newspapers in Latin America for years, bringing to light several related corruption cases. But, let’s take a step back and […]
Find out more
30 March 2017 - Accuity Insights

The Panama Papers first anniversary: Have we increased transparency and reduced corruption?

As we approach the first anniversary of the Panama Papers scandal that broke around the world on 3rd April 2016[1], it is useful to reflect on the impact this scandal has had in improving transparency and reducing corruption.  The scale of the leaked data was massive, including 11.5 million records with details on more than […]
Find out more
16 January 2017 - Accuity Insights

What will 2017 hold for the world of payments?

Few would argue that the payments sector suffered or enjoyed – depending on the perspective – extreme levels of disruption during 2016. The pace of change in the industry is extraordinary and we are only halfway through the digital transformation journey. What can we expect to come next in 2017? No signs of slowdown in […]
Find out more
4 January 2017 - Accuity Insights

End of year wrap up – Why “Annus Horribilis” & the Chicago Cubs matter for the financial services sector

Amidst the angst and upheavals in 2016, one event for certain brought huge joy to certain residents of Chicago and its sports fans – the Cubs win the World Series! [1] For those outside Cubs Nation, the win ended a 108 year losing streak in baseball which is perhaps one of the longest on record […]
Find out more
6 December 2016 - 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 […]
Find out more
1 November 2016 - Accuity Insights

The need for speed: Accuity solutions improve mBank’s delivery to customers

With many financial institutions still using labourious and time consuming manual processes for managing payments, automation systems and smart solutions are a hot topic. Globalization has enhanced the need for cross-border/cross-currency payments, and a rise in technical capabilities means that your customers now also have higher expectations for the speed, efficiency, and simplicity of payments […]
Find out more