Author Archives for Imogen Nash

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. […]

The New York Department of Financial Services (NYDFS) released new Anti-Money Laundering (AML) requirements effective April 15, 2017. These aim to close gaps in the battle against money laundering through drug trafficking, human trafficking, terrorism, and similar illicit activities. While the NYDFS is tasked with overseeing the regulations of different types of institutions in New […]

In February 2016, the Bangladesh bank heist sent a massive wave of anxiety through the world’s commercial banking sector. The industry continues to ponder how this could have happened to the banking network when it is protected by highly sophisticated procedures and systems to manage their complex web of global payments. In March 2015 another […]

Pascal Aerens, Head of Innovation at Accuity, discusses the lucrative migrant smuggling business and its links to terrorist financing and money laundering. Originally published on GT News. A recent joint Europol/Interpol report on migrant smuggling networks stated that human trafficking was the second most profitable criminal activity after drug trafficking, with an average turnover of US$4.8bn. In […]

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 and CEO of Accuity. 19 people attended from organisations which included commercial banks, GIABA, central banks, FIUs and universities to discuss four […]

Round Table Discussion on the Future of Compliance in Africa Part 2 of 4 – How the notion of ‘PEP’ in Africa differs from that in the West 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 […]

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 […]

Money laundering comes in various guises – from the simple, where bags of ill-gotten cash are passed around, to the complex, where large sums of cash are laundered through complex trade finance instruments. Somewhere along this spectrum is money laundering through the buying and selling of real estate, particularly through all-cash transactions.  This phenomenon seems to […]

U.S. and European Union sanctions on Iran were finally lifted on Saturday, restoring the country’s access to world markets. So how can banks and businesses which were previously prohibited from dealing with Iranian entities, now take advantage of Iran’s re-entry to the global economy? Henry Balani, Head of Innovation at Accuity, was interviewed at the end of […]

Insights on why an integrated Accuity/Fircosoft solution was selected by Standard Chartered Bank.