Jake Plenderleith

This post has been provided courtesy of ICA

April 13, 2022

Your questions, answered: Russia sanctions FAQs.

Russia’s invasion of Ukraine has initiated an unprecedented political and humanitarian crisis not seen in Europe since the Second World War. In response, governments worldwide have introduced a massive package of sanctions designed to curtail Russian aggression and to bring …

January 25, 2022

CPI 2021: Looking beyond a high score

Transparency International’s (TI’s) Corruption Perceptions Index (CPI) 2021, [1] released this morning, reveals an unwelcome deterioration in the world’s fight against corruption. The annual index ranks countries based on public sector corruption through a series of metrics, rating countries from …

September 13, 2021

Nord Stream 2: A study in sanctions complexity

Nord Stream 2 is an offshore gas pipeline that runs from Russia under the Baltic Sea to Germany. Near completion, it has the potential to transform how Europe’s strongest economy obtains its energy.    From Germany’s perspective, the pipeline will allow …

August 9, 2021

5 tips to help you file more effective SARs

What could you be doing to file more effective suspicious activity reports (SARs)? That was the focus of a recent ICA roundtable for compliance officers in Asia-Pacific, which saw a fascinating exchange of ideas and experience from industry practitioners.    Hosted …

July 7, 2021

Roundtable highlights: best practice in risk assessment   

A recent roundtable on best practice for risk assessment, sponsored by OneTrust and organised by ICA, uncovered some fascinating insight from those on the front line of compliance.    Delegates were invited to share their experiences, as well as the methods …

December 9, 2020

The new moral urgency of the UN’s corruption rhetoric

Absorbing bribery and corruption statistics provided by the UN is, even during gentler times, a sobering experience. This year’s figures were as bold and quietly unsettling as ever, in a neat symmetry of the year itself. But the accompanying comments …

October 20, 2020

Is human trafficking financial services’ blind spot?

It is generally acknowledged that great strides forward have been made over the last decade in the fight against money laundering and financial crime. Few, however, would claim that there remains little to be done. But a remarkable new report …

July 20, 2020

Twitter cyberattack should be a wake-up call for firms

The cyberattack directed at Twitter last week [1] was the online equivalent of an explosive device being detonated.  Around 130 high-profile accounts were hacked last Wednesday in an attempt to solicit bitcoin. Barrack Obama, Bill Gates, Apple and Uber were …

July 16, 2020

Commerzbank’s FCA fine demonstrates danger of AML lapses

The Financial Conduct Authority (FCA) fine of almost £38 million on Commerzbank AG’s London branch for anti money laundering (AML) failures [1] is a reminder that the most fundamental risk-based AML controls are still not being implemented in some financial …

July 6, 2020

AI is here and compliance needs to respond

Automation and artificial intelligence (AI) are set to pose a unique challenge to the future workplace, including the compliance profession. How should compliance respond to such innovation? Handwringing over technology and automation replacing human beings in the workplace has a …

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