The Wolfsberg Group has released version 1.4 of its correspondent banking due diligence questionnaire (CBDDQ) and version 1.2 of its financial crime compliance questionnaire (FCCQ), along with updated supporting guidance, glossary and FAQs documents. The association of global banks that… Read More ›

Financial crime compliance
TBML top of emerging financial crime risks in Asia-Pacific says LexisNexis
Trade-based money laundering (TBML) has ranked top of the list of emerging financial crime risks in the latest LexisNexis True Cost of Compliance Study – Asia-Pacific Edition. Crimes involving digital payments and cryptocurrency, third parties – including TBML, money mules,… Read More ›
Trade-based financial crime transformed by invasion of Ukraine, pandemic impacts and digitalisation
Russia’s invasion of Ukraine, pandemic-related supply chain disruptions, digitalisation and online trading have transformed the nature and scope of trade-based financial crime according to panellists at a recent Regulation Asia webinar. The webinar aimed at banks in the Asia-Pacific region… Read More ›
Financial crime specialists expect to benefit from Danske Bank’s trade finance collaboration with Conpend
Danske Bank has announced plans to digitise its trade finance processes through a collaboration with Conpend for use of its Trade AI app to automatically check against anti-money laundering (AML), know your customer (KYC) and sanctions regulations. Trade AI employs… Read More ›
SAS a leader in trade-based anti-money laundering says Chartis
Analytics, software and solutions provider SAS has been named a RiskTech Quadrant Category leader in trade-based anti-money laundering (TBAML) by Chartis, which provides research and analysis on the global market for risktech and fintech. The SAS solution combines data extraction, data… Read More ›
Russia’s military action in Ukraine triggering slew of new financial crime compliance, sanctions and security measures
A multilateral transatlantic task force to identify, hunt down, and freeze the assets of sanctioned Russian companies and oligarchs has been launched by a coalition of western allies – the European Commission, France, Germany, Italy, the UK, Canada, and the… Read More ›
Case study focuses on bank financial crime compliance team
S&P Global Market Intelligence has published a case study describing how it provided a solution for an Asian-based Asian Financial Crime Compliance (FCC) team tasked with screening trade transactions for signs of trade-based money laundering (TBML) and identifying any direct… Read More ›
Financial crime compliance tackled by Envoy and Pole Star’s screening and vessel tracking
Maritime and regulatory technology provider Pole Star and Envoy, which harnesses blockchain technologies to bring efficiencies to global supply chains have teamed up to offer compliance screening and vessel tracking. By using Pole Star’s PurpleTRAC regulatory technology solution, Envoy says its… Read More ›