Banks Articles

U.S. AML Posture Tightening But Gaps Remain: Open, Connected Data Can Help Ease Challenges

The AML Act (“the Act”) enacted in January 2021 includes several measures to help financial institutions (FI) not only better understand their risks but also better mitigate their risks. However, gaps remain that raise important questions for FIs. In particular, quite...

Proliferation Financing: FATF Now Calls on Banks To Mitigate Risks

The Financial Action Task Force (FATF) in October 2020 adopted amendments expanding Recommendation 1 to include proliferation financing (PF) risk, in addition to money laundering and terrorist financing risks. Key PF typologies clearly demonstrate that certain open...

Tax Havens & Offshores: Public Registries & Network Analysis

While the lack of corporate transparency in offshore jurisdictions poses a significant due diligence challenge, not all offshores are as opaque as they seem. Easily accessible public registries from offshore jurisdictions combined with creative analytical techniques...

UK Property and Corporate Records Highlight Real Estate Holdings of Gulf Elites

Major business leaders and political figures from the Gulf Cooperation Council (GCC) monarchies invest billions of dollars into the UK real estate market annually. UK property records show that some investors are members of or even lead these royal families.  The UK...