In the “Weekly Round-Up” we summarise and give extra reading suggestions for some of the past weeks financial crime news headlines, powered by Acuminor’s crime universe ThreatView® .
Another great week comes to an end, and we are extremely busy at Acuminor with many exciting things in our pipeline. Of course, the steady influx of information is worth sharing for some spring reading over the weekend.
Starting in the United Kingdom, the Financial Conduct Authority has released its review on the effectiveness of preventing financial crime at challenger banks. Including examples of good practice and areas of improvement observed
FCA – Financial crime controls at challenger banks
The International Consortium of Investigative Journalists has produced a lengthy article on the Irish Kinahan organized crime cartel. The Kinahan cartel is heavily involved in drug trafficking, using several companies based out of the middle east to manage their illicit business.
The Organized Crime and Corruption Reporting Project has written a summary of the massive operation that has been conducted by authorities in Brazil to shut down a notorious money laundering network
OCCRP – Brazil Arrests 58 in Massive Operation against Gang Members
One article from Blockcrypto has investigated the sanctions imposed on the Russian based Bitcoin mining company BitRiver and their links to a sanctioned Oligarch.
To round up this week’s stories with some excellent reports. From Transcrime, the joint research centre on transnational crime, has worked with Crime&tech to track and identify those companies owned by Russian oligarchs sanctioned during the last few weeks.
From Europol, the first report produced through the Observatory function of the Europol Innovation Lab has released a report that provides a detailed overview of the criminal use of deepfake technology
Europol – Facing reality? Law enforcement and the challenge of deepfakes
Interpol has released a report on illegal gold mining in Latin America, showing apparent involvement of organized crime in illegal gold mining.
Interpol – The devastating impact of illegal gold mining in Latin America
