This week, the WSJ reported that Latvia is seeking to rebuild its reputation in face of Russia sanctions given prior scandals like Danske Bank and the investigation into the Russian Laundromat.
Learn the difference between shell companies, shelf companies, and front companies and how they can be used for illicit purposes such as money laundering and fraud.
Today, Sigma Monitoring has been further enhanced to offer new self-service capabilities that allow for end to end oversight of large volumes of entities at scale with minimal overhead.
Last week, the Consumer Financial Protection Bureau (CFPB) announced that it will start using a largely unused legal provision to examine nonbank financial companies that pose risks to consumers.
In the aftermath of the 2016 Panama Papers data leak, the term “shell company” rapidly emerged in news coverage of political corruption and financial crime.
Today, Sigma has added over 1,000 of the top higher-risk addresses, which brings total coverage to 10,000 addresses worldwide.
Need some inspiration for fincrime, compliance and risk podcasts in May 2022? Here’s what the Sigma team is listening to.
The Financial Action Task Force (FATF) released its first public report on the state of global efforts to combat money laundering and terrorist financing. Learn more!
Last week, FinCEN, the U.S. Treasury’s anti-money-laundering (AML) unit, “warned financial institutions against efforts by kleptocratic regimes and corrupt public officials to launder their illicit gains, and cited Russia as a particular area of concern,” noting that combating corruption is a priority of the U.S. government.
In recent years, regulators across Europe have imposed massive fines on banks that have failed to implement effective anti-money laundering procedures.
Need some inspiration for fincrime, compliance and risk podcasts in April 2022? Here’s what the Sigma team is listening to.
An investigation by Buzzfeed revealed that Russian oligarch Roman Abramovich allegedly utilized a network of anonymous shell companies to funnel $1.3 billion in private investments with U.S. firms.
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