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Criminals are smart, and detection capabilities need to be smarter and always adapting to stay one step ahead. Time to drive out pointless investigations and finding true malignancies hidden from existing rules and machine learning techniques. Join us for conversations and articles on how to refocus financial crimes investigations into actually stopping crime.
A big topic for this Sibos (and most past ones too) is how to stamp out financial crime without disrupting or degrading high quality service experiences for the vast majority of honest (and very impo...
In talking with clients about their strategy around perpetual or event based know your customer (“KYC”) risk approaches there are two different groups: firms that have started implementing an event b...
Like a lot of other people, I love going to the gym and having a swim and sauna afterward. Going to the gym helps me to relax for a while away from the day-to-day grind. After the gym, I may go to the...
To safeguard consumers, investors, and the market itself, the EU has for the first time put forward laws for bitcoin service providers. These measures will also promote fair competition and financial ...
The banking sector was named the most trusted overall by UK consumers in a recent study into digital trust by LexisNexis Risk Solutions. Banks got the highest share of votes (86%) from consumers when ...
Up to $2 trillion is laundered every year according to the United Nations. Shockingly, they also estimate that banks help catch less than 1% of this crime. And, sadly, the UK ranks second in the mon...
By Rodrigo Zepeda, CEO, Storm-7 Consulting GLOBAL AND NATIONAL ESTIMATES OF TAX EVASION The most recent estimates of the cost of global tax evasion to governments around the world is nearly $500 bill...
By Rodrigo Zepeda, CEO, Storm-7 Consulting INTRODUCTION The pro forma template ‘Model Mandatory Disclosure Rules for CRS Avoidance Arrangements and Opaque Offshore Structures’ (MMD Rules) were publi...
By Rodrigo Zepeda, CEO, Storm-7 Consulting INTRODUCTION The ‘Model Mandatory Disclosure Rules for CRS Avoidance Arrangements and Opaque Offshore Structures’ (MMD Rules) were published by the Organis...
By Rodrigo Zepeda, CEO, Storm-7 Consulting This multi-part series of blogs will introduce readers to what have been generally referred to as the ‘Model Mandatory Disclosure Rules’ (MMD Rules). Their...
Mental health is the latest aspect of our lives that is quite rightly being destigmatised, and next on the list should be being scammed. This isn’t a problem that only faces the old and vulnerable, th...
Following Russia’s invasion of Ukraine, the UK has been quick to join its Western allies in condemning Vladimir Putin’s regime and issuing economic sanctions. These sanctions have been swift, severe a...