So, you’re running an awesome company and want to expand to the UK. Makes sense, it’s still the financial hub of Europe despite Brexit and all that. So, you set things up: A UK Limited company, tax registration, payroll, an office and all other things… Read More »UK de-risking – The impact on legitimate business
What is Correspondent Banking? The Wolfsberg Group defines Correspondent Banking as: “the provision of a current or other liability account, and related services, to another financial institution, including affiliates, used for the execution of third-party payments and trade finance, as well as its own cash… Read More »Correspondent Banking and how it can be misused
On the 5th of January 2022 the European Banking Authority (EBA) published their opinion on de-risking (EBA/Op/2022/01). The EBA is taking a critical stance towards the de-risking strategies used by many institutions today. The authority sees the broad application of de-risking as an indication that… Read More »Financial and social inclusion at risk due to blanket de-risking
How important is environmental crime in developing effective AML risk indicators and controls
We don’t really care about the environment in the financial crime industry! No, that comment is too harsh. Ethically and morally as individuals we care, of course. But is the environment sufficiently prioritized from a professional perspective?
Don’t let anyone tell you otherwise. As a founder you must run your business while spending most of your time talking with investors. In our case we are fortunate to have five founders and an extremely skilled team that knows what to do, when to… Read More »Raising capital is pretty intense
When I think about transaction monitoring rules, I like to imagine a mess of spider’s webs – overlapping and tangled together. The webs are so large and tangled that they catch many flies, more than the spiders can eat. Attracted by the success of the… Read More »THE SPIDERS WEB OF THREAT DETECTION: How to find out which threats you are catching?
Before Christmas we hosted a seminar together with one of our partners, Pliance, at Norrsken House in Stockholm. The topic was “Financial crime regulations – cost or opportunity for FinTech’s in the Nordics?”
An Over-The-Counter (OTC) broker is a company or individual that help to facilitate private transactions between two parties that want to trade with virtual currencies, in a higher volume and with more anonymity.
October is the month of Cybersecurity awareness, initiated by the European Union in order to promote cybersecurity among EU citizens. Read our CISO Johan Landströms text about QQAAZZ and get an insight to the world of cyber laundry specialists. The fall of the organised money laundering… Read More »Cyber Laundry Specialists – QQAAZZ