The functioning and non-functioning of FIUs
January 08, 2020 - Kasai Law

Financial Intelligence Units (FIUs) are supposed to be hubs of financial intelligence and the main authorities to help coordinate and move forward investigations of financial crimes such as money laundering and terrorist financing. With such an important function and a crucial position in the fight against these criminal activities, one would think they are fully prepared, with the highest level of technology possible available for them to use and staffed with a number of competent employees. While these would be the desirable circumstances, the sad truth is far from the ideal. Problems with the functioning – or rather non-functioning – of FIUs arise on local, EU and global levels and in some cases, they go as far as causing serious danger to public safety.

The Past, Present and Future of Anti-money Laundering in the EU
January 08, 2020 - KassaiLaw

Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) seem to be all the rage now. Even those not particularly interested will inevitably read these words and abbreviations every now and then. However, not many know what they actually mean. With the implementation deadline for AMLD5 just around the corner, it is important to lay down the basics and introduce their meaning and the most important ground rules and changes within the EU.

Potential Consequences of Failure to Comply with Anti-Money Laundering Regulations
January 06, 2020 - Eversheds Sutherland Sweden

In the last article in this series, we cover the consequences of not complying with anti-money laundering regulations. Read to find out what could happen.

Ways of Combating Money Laundering
January 06, 2020 - Eversheds Sutherland Sweden

In the third article in our series, we delve deeper into anti-money laundering and into the ways of combating this type of financial crime, with a focus on Sweden. Read on to find out!

Anti-Money Laundering - Regulations, Penalties, and Reporting
December 18, 2019 - Eversheds Sutherland Sweden

In the second article in our series covering an introduction to AML, we go into anti-money laundering and the regulations surrounding it. What laws apply, and to whom? What is the purpose of the regulations? Have a read and find out!

Money laundering - An Introduction for Fintech Companies
November 21, 2019 - Eversheds Sutherland Sweden

What is money laundering? How does money from financial crime make it into our financial ecosystem? This and other questions around money laundering will be answered in this series of articles that we're presenting together with the law firm Eversheds Sutherland Sweden. Click on to begin reading and understanding what money laundering is, and how to prevent it.

Make Room for Creativity (So You Can Combat Financial Crime)
April 30, 2019 - Siam Choudhury

With great innovation comes great risk. The fintech industry has seen great leaps of innovation in the past few years. That’s definitely not a bad thing. However it is also a reality that as more services, products, and platforms emerge, so do avenues for potential financial crime. It’s unfortunately too easy to forget that bad actors adopt innovative technologies as eagerly as consumers and businesses do; they just do it for more malicious reasons.Increased innovation in fintech will increase risks of financial crime.