Thomas Belousek

A pleasure to contribute to this important piece from Banking Risk and Regulation on the mounting concerns surrounding Huione Group and its financial services arm, HuionePay. I shared thoughts on how the platform’s opaque structure and limited regulatory oversight can create blind spots that are exploited by illicit networks — a challenge that underscores the critical role of cross-border cooperation, investigative research, and robust AML/CFT compliance frameworks. Many thanks to David Whitehouse for spotlighting this evolving risk environment. 🔗 https://lnkd.in/eDxMD227 #AML #Compliance #IllicitFinance #RiskManagement #Cryptocurrency #cybercrime

23

Money laundering is evolving, but so is the way we fight it. Get a quick glimpse into how our AML monitoring helps businesses detect suspicious activity, stay ahead of evolving threats and make risk management smoother, faster and smarter. 🚀

28

Why does the AML world follow FATF so closely? Because every major shift in our field was shaped by a real-world crisis and then codified by this institution. 📜 In 1989, global leaders created FATF to stop dirty money from drug cartels. That turned into the first global AML rules. 📔 In 2001, after 9/11, it took just 40 days for FATF to release the 8 Special Recommendations that would redefine terrorism financing controls. 💼 By 2003, lawyers, real estate agents, and casinos were pulled into scope. Compliance moved beyond banks. ✍🏼 Then in 2012, FATF rewrote its standards again. The risk-based approach we all apply today. 🚩 Fast-forward to 2023: FATF tackled crypto-driven ransomware. It published red flags and warned about mixers and privacy coins. That guidance is what analysts use today. FATF adapts every time the money changes. And that makes it essential for every AML professional, regulator, and fintech builder. At Reform, we study the past to understand today’s AML reality and the rules that shape it. In the next post, we’ll look at FATF’s leadership over time.  

115

7 commentaires

The Treasury Department has recently called for a focus on quality, not quantity when it comes to suspicious activity report filings. A weak SAR is a burden on all parties, wasting valuable time and resources for both the bank and law enforcement. This ebook offers insight into how to leverage corporate and trade data to support clear-eyed analysis. It also details how organizations are using Sayari to provide the crucial context that makes their SARs more actionable and effective: https://lnkd.in/ekUXe4UE #SAR #financialcrime #bsa #treasury #compliance

12

Financial crime investigations are only getting tougher—and manual processes aren't helping. Discover how to modernize investigations for faster outcomes, lower risk and greater efficiency. In this eBook, learn: ✅ Proven strategies to boost accuracy and consistency ✅ 5 critical areas to strengthen investigations ✅ How to spot gaps in your current system Take your investigations to the next level. 📖 Download now: https://bit.ly/3EOIV9J #FinancialCrime #RiskManagement #Compliance #FraudPrevention #AML

4

Too much in AML builds on anecdotes, speculation, and theory-without-data. That's how we ended up with the snappy but false claim that "money laundering has three steps" (it does not). It's also why I'm proud to share that the latest work by me, Sebastian Holmby, and Kalle Johannes Rose has been accepted to the 7th Research Conference on Financial Crime hosted by the Central Bank of The Bahamas. The conference is the world's leading forum for data-driven, empirical AML work. To get accepted, it's not enough to have a good idea or story. You need to have data, and your work needs to be reviewed and selected by the world's leading academics in AML. Our work asks: "Do More Suspicious Transaction Reports Lead to More Convictions for Money Laundering?" Spoiler alert: the answer appears to be a qualified no. Our full paper can be found here: https://lnkd.in/d-YHhBH6 Anyone interested can read more about the conference here: https://lnkd.in/d3486TW9 If you are planning to attend or happen to be in the Bahamas in January, I’d be happy to connect and talk more about data-driven AML! #AML #FinancialCrime

38

2 commentaires

Regulatory convergence is great for the industry, but it puts a massive spotlight on data quality and processing speed. With the new AMLA framework, the "margin for error" in financial crime detection is shrinking. Manual processes won't keep up with the new reporting and transparency requirements. At AVOS Tech | A Prosegur company, we are helping banks, insurance companies and Fintechs bridge this gap. By using AMLcheck to automate the "noise", compliance teams can focus on what actually matters: high-value analysis and risk mitigation. Great update from AMLA on the road to 2027/2028. #AMLcheck #AVOS Tech

9

Traditional payments stack: ✗ Multiple providers ✗ Manual reconciliation ✗ Different rules per region AXON: ✓ One infrastructure layer ✓ Consistent records ✓ Built for cross-border use

5

The next milestone for the ITFA Financial Crime Compliance Initiative ... we are delighted to share a new guidance paper on the operationalisation of technology by financial institutions and FinTechs. This paper was developed by members of ITFA’s Financial Crime Compliance initiative (FCCi) which was established a year ago by ITFA’s Fintech Committee. The paper is entitled “Advanced Technology Operationalisation Framework for Financial Institutions & Vendors” and was authored by Elizaveta Savinykh and Aurelia Bucicoiu. https://lnkd.in/e5mPUNKz The paper outlines a common framework for financial institutions (FIs) and vendors for the operationalisation of advanced technology, such as artificial intelligence (AI) and machine learning (ML), as well as sophisticated deterministic rules-based models. The proposed framework consists of five guiding principles with an overview of how these principles should be embedded in the advanced technology deployment lifecycle. The adoption of this framework by both FIs and vendors is expected to lead to stronger model risk management (MRM) outcomes while also increasing vendor competitiveness, efficiency, and reputation and enabling FIs to strengthen governance, enhance transparency, and accelerate adoption of new technologies. The paper usefully includes appendices with questionnaires and data-mapping templates which can be used by members to assist in the implementation of new technologies and systems. The paper will be presented during our next FCC Initiative in-person seminar that we aim to organise for trade compliance specialists in November. In the meantime, please don’t hesitate to join our group calls and to engage with FCCi co-chairs, Ben Arber and Dr Graham Baldock or with the ITFA Fintech Committee chair, André Casterman. ITFA Complidata #quantexa

25

1 commentaire

Customer due diligence isn’t a checkbox, it’s a strategic lens tailored to your industry. In our new video, discover how leading firms go beyond static KYC to:  – Spot hidden risks before they surface  – Automate continuous intelligence from millions of sources  – Turn complex ownership webs into clear, actionable insights Watch now to see CDD transform from a compliance task into a proactive shield. Read the whole article here → https://lnkd.in/esz5KQB5 #CDD #OSINT #RiskIntelligence

16

Risks don’t wait for your annual review cycle. That’s where perpetual KYC (pKYC) comes in. Instead of relying on static, point-in-time checks, pKYC gives you a real-time view of your customers—so you can spot changes, flag risks, and stay compliant without missing a beat. It’s not just about ticking boxes. It’s about being proactive, protecting your business, and building stronger, more trusted relationships. At Moody’s, we’re helping financial services teams rethink compliance and client lifecycle management with smarter, more dynamic tools. https://lnkd.in/d6dfuntG #pKYC #compliance #riskmanagement

14

RegTech Analyst news you can't afford to miss from yesterday - RegTech leaders explore AI’s role in compliance - Can AI unlock billions for Sweden’s economy? - Basel 3.1: What UK deposit takers need to know - StellarPay partners with Flagright for AML and monitoring - Why smaller FIs are struggling with AML complianc Joseph Ibitola Baran Ozkan, CAMS Consilient Laurence Hamilton Napier AI Mariya Pattara ALMIS International Julie Duncan FCIM

9

1 commentaire

Fragmented intelligence slows down the fight against money laundering. AMLTRIX unifies definitions, frameworks, and communication – empowering every stakeholder to act faster and more effectively. 👇 Swipe through to see who it’s built for.

11

Every institution defines money laundering risk differently. Different names. Different frameworks. Different blind spots. What if there was a single, open, structured classification system? Find out Tomorrow.

2