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The gambling world! Prevention by FATF and victims

Excerpt:In this blog i'm sharing my personal experiences regarding the risks related to the gambling industry. I pinpoint the multifaceted impact; on victims but also refer to the recent FATF report following an investigation into the risks associated with the gambling industry and money laundering.
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ECB sanctions J.P. Morgan for misreporting capital requirements

JP morgan fined
Excerpt: In my lectures i predicted this next step that also banks are fined by the ECB for to little risk measures on capital reporting. What should we do as a financial institution? What is the importance of a high degree of skepticism in risk weighting and how do you implement it.
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Webinar FATF on inclusion in a risk based approach

fatf webinar
Excerpt: Inclusion and a risk-based approach go hand in hand. However, the regulations (WWFTfor Netherlands sometimes seem to have a effect to exclude organisations. What are the developments in this area and where can you obtain information so that you do not unnecessarily exclude organisations and individuals?
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Detecting crime through data analysis.

Excerpt: More details on the sanctions example used at the FPC conference of Zanders and why i am critical of all those who see AI and data analysis as the holy grail of compliance. I still support the 2021 FATF document stating that IT developments can certainly help us, but that human intervention remains essential. This examples may proof it.
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Abuse charities as a criminal facilitator?

Excerpt: In lectures we use a video animation to demonstrate the reasons why and how a charity is used. It helps to understand why NPO's / charities are a ideal money laundering instrument. Wondering if you would participate in this NPO project like everyone else did? Read more and watch the animation.
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Turnover; difference money laundering or tax fraud

Omzetverantwoording; Het verschil bij fiscale fraude en witwassen
Excerpt: The Zembla broadcast indicates that the ATMs are used for tax fraud. This is certainly possible, but there is a big difference whether you are looking at an entrepreneur who wants to commit tax fraud or who works as a money launderer. We discuss the differences here.
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Final verdict in Panama on Panama Papers case

Panama Papers de einduitspraak
Excerpt: In this contribution the final verdict in the legal case in Panama related to Mossac and Fonseca and others involved. This case was really a new testcase if a money laundering case was possible to be successfully prosecuted in Panama but even more if it involved a facilitator. It was not a succes for more than one reason.
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International articles on money laundering with ATM

Excerpt: The Dutch undercover TV documentary on international money laundering operation(s) using mobile ATM's did also involve other countries. More information about the Danish and Spanish articles published on this subject and some background context.
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Legal procedure Panama Papers a Update

legal procedure panama papers before final verdict
Excerpt: Read more and stay tuned on the recent developments in the Panamese lawsuit against Mossack & Fonseca and others
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