Category: Opinion

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INSIGHT: GDPR revamp the opportunity for EU bank data-sharing to fight financial crime

OPINION: Key tips for businesses to improve their AML recruitment

OPINION: Will the United States continue to be the world’s fincrime regulator?

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OPINION: Why de-banking is now set to become a thorny issue for US banks

INSIGHT: EU AML reforms and beyond -how Polish and European FIs are preparing for new regulatory landscape

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INSIGHT: Now Szego is incoming chief, who are the five who may join her on AMLA Executive Board?

OPINION: Journalism Matters – Why ‘AML Intelligence’ is backing ‘Choose Truth’ campaign

OPINION: Why Egmont must be transparent and tell us rationale behind reported move to Qatar

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OPINION: ‘There’s still more to come’; why TD Bank scandal is still far from over and why the board must atone

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NEWS: US preferred hub for corrupt financial transactions; Dubai, Hong Kong replace Panama as OCG centres, claims UK university report

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OPINION: In fight against financial crime, compliance is our superpower – the foundation for resilience and sustainability

OPINION: How FATF can act against deepening Russia-North Korea alliance with tougher measures

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Press Statement: SCUML Certificate Is Not CLEARANCE BY EFCC
EFCC
April 22, 2025
ST Technologies (not CBEX) registered with the Special Control Unit against Money Laundering, SCUML in line with Section 17 of the Money Laundering (Prevention & Prohibition) Act, 2022. Registration is a statutory requirement for all Designated Non-Financial Businesses and Professions, DNFBPs, in Nigeria in consonance with Nigeria’s Anti-Money Laundering/ Control of Financing Terrorism, AML/CFT regime. The EFCC is not a clearing house or regulatory authority of online businesses. But financial fraud of any kind is the remit of the Commission, and it is committed to ensuring justice for victims of the CBEX scam.
Fraudulent website and internet banking login screen related to Shanghai Commercial Bank Limited
HKMA
April 22, 2025
The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public to a press release issued by Shanghai Commercial Bank Limited relating to a fraudulent website and an internet banking login screen, which have been reported to the HKMA. A hyperlink to the press release is available on the HKMA website.
SEC Awards $6 Million to Joint Whistleblowers
SEC
April 21, 2025
Washington D.C., April 21, 2025 —

The Securities and Exchange Commission today announced an award of approximately $6 million to joint whistleblowers who provided new information that led to the opening of an examination and provided a roadmap for an enforcement action that resulted in the covered action.
“Today’s award illustrates that the agency can leverage whistleblower information in various ways, including by prompting an examination,” said Jonathan Carr, Acting Chief of the SEC’s Office of the Whistleblower. “If that examination ultimately results in an enforcement action, the whistleblower may be eligible for an award.”