Fraud Threats during the Pandemic situation

I wrote last week about fraud, and the Dark Money Files, in particular. This week, I caught up with the final presentation on Fraud. Business has adapted to Covid-19. Logically, fraudsters have too. Compliance teams have been completing risk assessments, and criminal teams are conducting opportunity assessments. There’s a lot of stress out there –Continue reading “Fraud Threats during the Pandemic situation”

The Dark Money Files

Day three of the Big Compliance Festival was all about fraud. Compliance is seldom considered thrilling or exciting, but fraud is the only element about which movies are made. All three presentations were excellent. Actually, that’s a guess. I have, as yet, only watched two. The third is on my to-do list. One presentation inContinue reading “The Dark Money Files”

Keeping Up-to-date

2018 was a busy year for Lime. In addition to looking after clients, Stuart got re-certified in Anti Money Laundering by the International Compliance Association (ICA) and attended the Annual Conference in London. The ICA runs multiple events, seminars and webinars as part of their BIG Compliance Conversation. Keeping up-to-date is an important part ofContinue reading “Keeping Up-to-date”

De-risking – an epidemic?

I was talking to an estate agent. He was negotiating his exit from his current firm to set up on his own. “All going smoothly?” I asked. “Well, apart from the Bank.” I assumed that the Bank was exercising caution over extending a loan to a new business. “No, they are happy to lend meContinue reading “De-risking – an epidemic?”

When consensus fails.

I wrote here in thanks for the antics of “The Donald”, which served as a useful way of engaging an audience that otherwise was less than enthused by AML Compliance Training. However, his new, combative approach to, well, pretty much everything, does undermine the concept of international consensus being at the core of the globalContinue reading “When consensus fails.”

HMRC MSB Review

More properly, the title is; ‘HM Revenue and Customs AML/CTF Thematic Review of anti-money laundering compliance in the Money Service Business. The report in itself is worth reading, but my interest was piqued by the following; ‘Due to concerns that MSBs may be easily abused by criminals and terrorist financiers, some banks have withdrawn servicesContinue reading “HMRC MSB Review”