Financial Crime Academy Blog
Learn, understand, and identify illicity behavior and fight financial crimes.
Featured Posts
Top 5 Famous Money Laundering Cases: Lessons Learned From Last Year’s Money Laundering Fines
Compliance is a defensive wall against financial crime and money laundering, but it places quite a toll on banks and financial institutions. A failure to comply with applicable laws and regulations might result in hefty fines. Most of last year’s fines relate to non-compliance with AML or KYC legislation. However, there are lessons learned that can be taken away!
Cryptocurrency Money Laundering Red Flags
As online transactions become more widespread, vendors have to watch out for increasing threats every day – especially money laundering red flags arising from the use of cryptocurrencies like Bitcoin and others!
Money launderers are acquiring more and more ways to exploit systems anonymously – especially with cryptocurrencies.
How Money Mules Contest Anti-Money Laundering Laws
The Covid-19 pandemic has affected lives in a multitude of ways. Since March 2020, the rate of cyber-crimes has been estimated to increase by 42%, making substantial use of money mules.
Video Games: A Gateway To Online Money Laundering
With the continuing rise of technology, it comes as no surprise that video games are an expanding source of profit. Video game fanatics are finding even more ways to enjoy their favourite games – buying characters online for billions of dollars every year.
The Least Corrupt Countries As Money Laundering Targets
With the issue of “dirty money” seemingly being worldwide, it comes as no surprise that even the least corrupt countries come face-to-face with the problem. Money laundering spares no countries and seems to find its way into less corrupt nations, even more so than others.
An Essential Guide to Blockchain Technology
With this blockchain technology guide you’ll become a compliance professionals that understands blockchain technology from a compliance perspective.
3 Money Laundering Examples That Criminals Still Use And That You Should Be Aware Of
There are several common money laundering examples that criminals still use in 2021, including cash business schemes, casino schemes, and smurfing schemes.
The Essential Guide to Prepaid Card Money Laundering, 17 Red Flags, and Examples
Prepaid cards have made the lives of consumers and the general masses very easy. However, this technology has facilitated prepaid card money laundering and fraud.
Serious about fighting financial crime?
Sign up here and join the Financial Crime Academy Community to receive the latest updates