Good morning October! We are amid autumn and in one of our more intense periods with full-on development of our external and internal products, interacting with new partners and customers and ploughing through the avalanches of information.
Let’s start with the summary: The 6th EU Anti-Money Laundering Directive poses a potential threat towards EU’s fight against money laundering, terrorist financing and sanction violations. Worrying? Yes. Surprising? Not really. I’ll elaborate more on that below, but let’s start by explaining what a national… Read More »The rise and fall of the national risk assessment
Acuminor is delighted to announce it has engaged in a new collaboration with another international financial institution to provide its financial crime threat intelligence database, Threat View.
North Korea. Iran. Myanmar. Because it’s easy – Just take the FATF grey list, the EU high-risk third countries and top up with Transparency International’s Corruption Perception Index and we’re home free. Right? Turns out, it’s not that simple. At all. And here is why: … Read More »We all know our high-risk countries, don’t we?
Imagine that you are in a vast forest. It’s getting darker and you have no idea how to find your way back home. Without a map you’ll probably end up even more lost. Best case, you’ll find your way home after a month, stone cold… Read More »The Map: How to create effective Business-wide financial crime risk assessments
Child sexual abuse networks taken down by law enforcement On Monday, Europol came out with a press release about a joint police operation. Law enforcement in Germany, The Netherlands, Sweden, Australia, the USA and Canada successfully brought down one of the largest child sexual abuse… Read More »Weekly Round-Up May 7, 2021
The week has gone by fast. When doing a brief retrospect, we want to pass on a few pieces of information for your weekend reading. Our week started off with the OCCRPs article relating to the Italian police large, organised crime bust. The bust that occurred… Read More »Weekly Round-up May 3, 2021
To branch out a bit on our regular story reporting, we wanted to share a bit on what is happening @Acuminor. Things are moving fast! As usual, there has been quite an increase in the incoming information which means that the intelligence department is getting… Read More »Weekly Round-up April 30, 2021
JAK Members Bank and Acuminor initiates a partnership as a part of JAK’s strategy to battle financial crime
Press release: The global effects of financial crime – money laundering, terrorist financing and sanction violations – are devastating. According to Europol (2020), the revenue of criminal activities in the world is estimated to several billion euros annually. Criminal activities ruin the lives of millions… Read More »JAK Members Bank and Acuminor initiates a partnership as a part of JAK’s strategy to battle financial crime
In March 2018 the CEO of the Canadian company Phantom Secure was arrested. Phantom Secure provided secure cell phones that were purposely built to avoid law enforcement, facilitating the transnational smuggling and large-scale distribution of narcotics.