Martin Woods, Compliance Week

This post has been provided courtesy of ICA

October 14, 2020

Back to the drawing board on transaction monitoring

Even though the FinCEN Files  provide evidence confirming banks and regulated firms comply with legal requirements to report suspicious transactions, the individual reports themselves suggest there are a lot of faults and failings within the anti-money laundering (AML) frameworks in …

June 23, 2020

Shining a light upon our AML failings

The answer to being more effective at stopping money launderers is to challenge the value of processes that are clearly failing. Financial crime expert Martin Woods explains. Earlier this year, David Lewis, the Executive Secretary of the Financial Action Task …

May 13, 2020

A case study on why ABC compliance is so important

If there is an A-Z compliance procedure to follow, don’t stop at X or miss out LMN. Adhere to the procedure and preserve the integrity of your firm and those honest people who work within the rules. Anti-bribery and corruption …