Banks Articles

Sayari Analyst Insight: How Understanding Naming Conventions Can Enhance Investigations

Whether you’re running know your customer (KYC) checks, conducting supply chain due diligence, or investigating a cross-jurisdictional money laundering scheme, properly understanding naming conventions across the globe can help you cast your net wide to find the right...

Public Records Shed New Light on the Alleged Forced Bankruptcy of Serbia’s Termoelektro

Following the 2013 bankruptcy of the then recently privatized Serbian company Termoelektro JSC, the workers – many of whom had been laid off – filed a criminal complaint in 2014 alleging numerous abuses by the company’s new Russian management. At the time, much of the...

Indicted Paraguay-Based Money Launderer Linked to Broader Illicit Finance Schemes in South America’s Tri-Border Area

A Paraguay-based currency exchange operator indicted in two U.S. jurisdictions on several money laundering-related charges is linked to broader contraband and money laundering schemes in South America’s Tri-Border Area (TBA), according to public records. These cases...

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...