Learn how to identify shell companies using 8 FinCEN red flags, from opaque wire transfers to shared registered addresses, and when to file a SAR.
How to Identify Shell Companies: 8 FinCEN Red Flags
read more
Financial Crime Industry Insights
Discover articles, analysis, and industry insights on financial crime compliance, sanctions, KYC, AML, AI and risk management in Sigma360’s hub.
Back to the Newsroom
Industry Intel
Sigma Expands Address Risk Coverage with Top 1,000 Shared Addresses
Today, Sigma has added over 1,000 of the top higher-risk addresses, which brings total coverage to 10,000 addresses worldwide.
Top 10 Compliance Podcasts for May 2022
Need some inspiration for fincrime, compliance and risk podcasts in May 2022? Here’s what the Sigma team is listening to.
FATF Effectiveness Report
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!
FinCEN Releases Advisory on Kleptocracy and Foreign Public Corruption
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.
German Fintech’s Non-Compliance Stifling Growth
In recent years, regulators across Europe have imposed massive fines on banks that have failed to implement effective anti-money laundering procedures.
Top 10 Compliance Podcasts for April 2022
Need some inspiration for fincrime, compliance and risk podcasts in April 2022? Here’s what the Sigma team is listening to.
Russian Oligarch’s Offshore Shell Company Network
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.
Sigma Ratings Makes Key Russia Data Available to Help Users Uncover Hidden Risks
At Sigma, our expertise is risk intelligence data and the most valuable resource we can offer to support is our unique, data-driven insight.
Top 10 Compliance Podcasts for March 2022
Need some inspiration for fincrime, compliance and risk podcasts in March 2022? Here’s what the Sigma team is listening to.
Why This is Different
In last week’s newsletter from @Sigma Ratings, our CEO, @Stuart Jones, a former senior official in the U.S. Treasury Department, shares his thoughts on the recent sanctions imposed against Russia.
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 of a corporate ownership database, more than a year after the agency was tasked with implementing a law that Congress hopes will help curtail the use of anonymous shell companies.”
Engage with us
Our Risk Intelligence Specialists can get you the answers you need.