Series 2, Episode 4: Evolving impact of financial crime
Compliance Clarified – a podcast by Thomson Reuters Regulatory Intelligence
00:00
Introduction
The hosts discuss the changing stance on sanctions, FAFF's focus on trade-based money laundering, the implications of ransomware attacks, US anti-money laundering and sanctions enforcement, and the role of technology in financial crime.
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Episode notes
In the fourth episode of the Compliance Clarified podcast Susannah Hammond, Brett Wolf and Nathan Lynch discuss the evolving impact of financial crime on financial services firms and their compliance officers.
The wide-ranging conversation ranges from the changing stance on sanctions coming from the U.S. to the recent actions of the global AML-standard setting Financial Action Task Force which has vowed to continue to crack down on opaque transactions tied to cryptocurrencies such as bitcoin.
Ransomware, the use of technology and the implications of the U.S. AML Act of 2020 also all feature.
As discussed in the podcast here are a selection of articles by Brett and Nathan:
Colonial Pipeline hack highlights blockchain activity
https://www.linkedin.com/posts/amlwolf_colonial-pipeline-hack-highlights-blockchain-activity-6806178253544460288-_IEQ
Senior Biden administration official discusses approach to sanctions https://www.linkedin.com/posts/amlwolf_senior-biden-wh-official-discusses-sanctions-activity-6806178505458536448-ltDD
Inside AML: How Australia’s banks joined forces to break open a “cuckoo smurfing” syndicate
https://insight.thomsonreuters.com.au/business/posts/inside-aml-how-australias-banks-joined-forces-to-break-open-a-cuckoo-smurfing-syndicate
FinCEN leaks expose personal risk of AML/CTF compliance enforcement
https://insight.thomsonreuters.com/mena/business/posts/fincen-leaks-expose-personal-risk-of-aml-ctf-compliance-enforcement
Public-private sectors must work together to restore trust, manage risks post-COVID
https://insight.thomsonreuters.com.au/business/posts/public-private-sectors-must-work-together-to-restore-trust-manage-risks-post-covid
New Zealand central bank has failed on AML/CFT supervision, says FATF
https://insight.thomsonreuters.com.au/business/posts/new-zealand-central-bank-has-failed-on-aml-cft-supervision-says-fatf
WEBINAR: Beyond the FinCEN files: Building a better framework for financial intelligence
https://insight.thomsonreuters.com.au/business/resources/resource/webinar-beyond-the-fincen-files-building-a-better-framework-for-regulatory-intelligence
FinCEN leaks highlight need for “radical” approach to tackling financial crime
https://insight.thomsonreuters.com.au/business/posts/fincen-leaks-highlight-need-for-radical-approach-to-tackling-financial-crime
Cash Converters in AUSTRAC’s gunsights, as regulator sizes up next enforcement targets
https://insight.thomsonreuters.com.au/business/posts/cash-converters-in-austracs-gunsights-as-regulator-sizes-up-next-enforcement-targets
The wide-ranging conversation ranges from the changing stance on sanctions coming from the U.S. to the recent actions of the global AML-standard setting Financial Action Task Force which has vowed to continue to crack down on opaque transactions tied to cryptocurrencies such as bitcoin.
Ransomware, the use of technology and the implications of the U.S. AML Act of 2020 also all feature.
As discussed in the podcast here are a selection of articles by Brett and Nathan:
Colonial Pipeline hack highlights blockchain activity
https://www.linkedin.com/posts/amlwolf_colonial-pipeline-hack-highlights-blockchain-activity-6806178253544460288-_IEQ
Senior Biden administration official discusses approach to sanctions https://www.linkedin.com/posts/amlwolf_senior-biden-wh-official-discusses-sanctions-activity-6806178505458536448-ltDD
Inside AML: How Australia’s banks joined forces to break open a “cuckoo smurfing” syndicate
https://insight.thomsonreuters.com.au/business/posts/inside-aml-how-australias-banks-joined-forces-to-break-open-a-cuckoo-smurfing-syndicate
FinCEN leaks expose personal risk of AML/CTF compliance enforcement
https://insight.thomsonreuters.com/mena/business/posts/fincen-leaks-expose-personal-risk-of-aml-ctf-compliance-enforcement
Public-private sectors must work together to restore trust, manage risks post-COVID
https://insight.thomsonreuters.com.au/business/posts/public-private-sectors-must-work-together-to-restore-trust-manage-risks-post-covid
New Zealand central bank has failed on AML/CFT supervision, says FATF
https://insight.thomsonreuters.com.au/business/posts/new-zealand-central-bank-has-failed-on-aml-cft-supervision-says-fatf
WEBINAR: Beyond the FinCEN files: Building a better framework for financial intelligence
https://insight.thomsonreuters.com.au/business/resources/resource/webinar-beyond-the-fincen-files-building-a-better-framework-for-regulatory-intelligence
FinCEN leaks highlight need for “radical” approach to tackling financial crime
https://insight.thomsonreuters.com.au/business/posts/fincen-leaks-highlight-need-for-radical-approach-to-tackling-financial-crime
Cash Converters in AUSTRAC’s gunsights, as regulator sizes up next enforcement targets
https://insight.thomsonreuters.com.au/business/posts/cash-converters-in-austracs-gunsights-as-regulator-sizes-up-next-enforcement-targets
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