2022 Predictions
Every year, we highlight predictions for the year. We are doing so again this year, though it seems...
FinCEN Issues Proposed Rule for Beneficial Ownership Reporting to Counter Illicit Finance and Increase Transparency
Last week, during the U.S.-led Summit for Democracy, the Biden administration released a new...
Advocacy Groups Urge Biden Administration to Expand AML Rules to Private Investment Industry
Last week, the WSJ reported that Senator Sheldon Whitehouse along with a collection of...
New Research Study Suggests Poor AML Oversight of Shell Companies by Financial Industry
This week, the ICIJ reported on a new study by a group of renowned academics that revealed that,...
FinCEN Issues Advisory on Environmental Crime
Last week, the U.S. Treasury Department’s anti-money laundering watchdog, the Financial Crimes...
Heightened Scrutiny on Broker Dealer Compliance Following Court Ruling and Regulatory Action
Last week, the U.S. Supreme Court rejected a petition for review from Alpine Securities in its bid...
The Return of the Czar
This week, the FT reported that the Department of Justice (DOJ) is preparing to launch a crackdown...
Know Your Country | KYC goes beyond Know your Customer in AML Analysis
While KYC stands for “Know Your Customer” and is at the heart of AML efforts, for compliance teams...
Heightened Scrutiny On Prime Brokers Following KYC Failure at Archegos
This week, Credit Suisse announced it will exit the hedge fund business as the Swiss bank looks to...
The New Frontier: Modernizing Sanctions in a New Geopolitical Stage
Last week, the WSJ reported that the Biden administration plans to limit the use of sanctions in a...
More Clarity, Transparency and Efficiency with Sigma Terminal
Today, we are releasing the following updates to improve the clarity of our insights, transparency...
Owning Up
Last week, Reuters reported that “as the Biden administration pushes ahead with an effort to combat...
FinTech Week
In recent years, the term “FinTech” has been swirling around media reports and economic discourse...
New Rules, Old Goods
This week, the OCCRP reported that an “owner of a swanky Manhattan art gallery, who sold ancient...
How Do Pandora Papers Impact AML
This week, the world was rocked by revelations from the Pandora Papers, the largest leak of records...
The Coming Storm!
This week, German digital bank N26, the country’s highest valued start-up, was fined $5M for AML...
Trade-Based Money Laundering & HS Codes
Previously, we have discussed the large, though often overlooked, role that trade-based money...
A New Regime
This week, from the U.S sanctions against SUEX OTC, the first time the Treasury Department has...
A Universal Downgrade
This week, the Basel Institute on Governance published the 10th annual edition of the Basel AML...
Never Again.
Today, we mark the 20th anniversary of September 11th, 2001. With 33.2% of the world’s population...
KYI - Know Your Influencer
Last month, the Council on Foreign Relations reported that an arrest warrant issued by U.S. law...
