Sanctions
Energy firms grapple with rising customer risk
A case study on developing dynamic risk-based customer screening
New applications in Asia’s financial crime analytics
Financial crime is a fast-growing problem for Asia‑Pacific financial services firms. Working with outmoded systems and patched-up processes to detect, monitor and eliminate potential threats, banks are spending millions on sophisticated new solutions to…
Burden of implementing US sanctions now firmly on energy firms
Energy firms must now screen operations of every vessel they deal with, writes maritime data expert
Risk FX Briefing: Event insights
What lies ahead for investment managers
Making machine learning work for AML
Banks’ anti-money laundering teams are starting to utilise machine learning to combat financial criminals. Risk hosted a webinar in association with NICE Actimize to explore whether these bots can be trusted
Legal fines dent StanChart profits
The bank put aside $900 million last year to cover penalties related to a series of investigations
Malta’s crypto assets plan means greater AML risks, IMF warns
Authorities must rapidly improve AML regime and guarantee FSA’s independence, mission says
Trade finance under new stress as commodity markets realign
Higher tariffs, sanctions and Brexit are leading to a reassessment of trade finance arrangements
A call to arms – How machine intelligence can help banks beat financial crime
The revolution in artificial intelligence promises new leads in banks’ fight against dirty money. Alexander Campbell of Risk.net hosted a live online forum, in association with NICE Actimize, to investigate the applications of this emergent technology
Top 10 op risks in 2018: IT disruption heads poll
Cyber risk dominates three of top four categories; model risk and mis-selling re-enter top 10
Russian crypto-currency will threaten AML efforts
Targeting individuals and companies could be impossible with digital currency, write academics
Top 10 operational risks for 2017
Risk.net presents the top 10 operational risks of 2017, as chosen by risk practitioners
Eiopa signals soft-launch of Priips
Regulator looking at solutions for firms that can't meet 'very challenging' timeline
KYC rules force banks into costly off-boarding exercise
Shedding unprofitable clients drains operational and IT resources
End of sanctions offers chance to fix Iran’s banking sector
Complex political situation makes reform more challenging
Top 10 Operational Risks for 2016
Risk.net presents the Top 10 Operational Risks of 2016, as chosen by risk practitioners
Best financial crime product: Swift
Swift offers firms assistance in avoiding entities and individuals hit by sanctions
Iran deal takes sanctions compliance into unfamiliar territory
Banks likely to be cautious even after trade restarts
Spotting the patterns of terrorist financing
Banks must recognise weak points and likely signs of Isis funding
Bank reforms starting to reduce risk of reputational damage
Losses illustrate scale of reputational exposure
Commerzbank fiasco offers lessons to compliance and boards
Governance failures and weak compliance at heart of $1.45bn fine
Banks struggle with tough rules on beneficial ownership
New systems and processes necessary to prevent illicit money flows