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.
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?
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.
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.
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.
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.