What is the Difference between Shell, Shelf and Front Company
After the release of the Panama Papers in 2015, the terms “shell company” or “shelf company” became...
Regulators Turn Focus on Consumer Duty and Controls at Challenger Banks
Last week, the Consumer Financial Protection Bureau (CFPB) announced that it will start using a...
How to Identify a Shell Company and the Associated Red Flags
In the aftermath of the 2016 Panama Papers data leak, the term "shell company" rapidly emerged in...
FATF Effectiveness Report
Last week, the Financial Action Task Force (FATF) released its Report on the State of Effectiveness...
FinCEN Releases Advisory on Kleptocracy and Foreign Public Corruption
Last week, FinCEN, the U.S. Treasury’s anti-money-laundering (AML) unit, “warned financial...
German Fintech’s Non-Compliance Stifling Growth
This month, the Bank of Italy banned N26 from taking on new customers or engaging in any...
Guide to Potential Russian Sanctions Evasion
Vladimir Putin's recent deadly aggression against Ukraine has put pressure on the international...
Russian Oligarch's Offshore Shell Company Network
This week, an investigation by Buzzfeed revealed that the Russian oligarch Roman Abramovich...
WSJ: U.S. Treasury’s Beneficial Ownership Rules Stirs Debate
This week, the WSJ reported that the U.S. Treasury is “facing a wide range of views on the details...
U.S. Treasury Releases Report on Money Laundering and Terror Financing in the Art Market
Last week, the U.S. Treasury released a highly anticipated report on money laundering and terror...
Swiss Court Demanded Compensation of 45M From Credit Suisse
Last week, a Swiss court demanded compensation of $45 million from Credit Suisse in a money...
Transparency International’s 2021 Corruption Perceptions Index Reveals a Decade of Stagnation in Anti-Graft Efforts
This week, the global anti-corruption watchdog Transparency International (TI) released its annual...
UAE ‘At Risk’ of Inclusion on Global AML Watchdog FATF’s Gray List
This week, the FT, citing a senior government official, reported that the UAE has significantly...
Sigma releases new enhancements to its global monitoring capabilities
In our effort to further enable customers to control their own Sigma platform and data experiences,...
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...
