FinCrime Agent

The Star must pay A$260m. The court found 1,200+ high-risk customers used channels where third-party payers were never recorded. If you never recorded who paid in, you cannot say where the money came from. #AML #AUSTRAC

FATF grey list: Bulgaria, Côte d'Ivoire, DRC and Monaco are out, 18 remain. EU tax list: Panama and Viet Nam are out. Côte d'Ivoire, DRC and Monaco stay on the EU AML list. All four lists, updated: fincrimeagent.com/high-risk-…

FinCEN flags $8bn in MSB payments directed by foreign agents, wired abroad from the MSBs' own bank accounts. The wire carries your customer's name. The instruction came from someone else. #AML #FinCEN

The deadline is clear. The source of funds, less so. 😅

The FATF cleared Bulgaria, Côte d'Ivoire, the DRC and Monaco from the grey list and made scam compounds a priority. A list changes in a day. The risk in a market does not. #FATF #AML

What does an MLRO actually do? I break down the responsibilities, personal accountability, SAR oversight and career path behind one of the most senior roles in AML. 🎥 youtu.be/kYvEd1EeNcc

Nearly 100 SARs filed after FinCEN's July alert became 20,000 suspicious transactions and 270 million dollars of suspected student aid fraud, now with investigators. A refund from a school is a labelled credit. Read the label. #Fraud #AML

MLAT, CLOUD Act, overseas production orders, EU eEvidence. Could you explain the differences? Here’s a short walkthrough for financial crime professionals handling cross-border data requests. youtu.be/s9HXi7EJwyQ

If you were a kid in the ’80s, you know why this is worrying... 😅

DOJ says 36.9 million dollars of scam money moved from US shell company accounts into one Bahamas bank account, then into USDT and on to Cambodia. A conversion request is also a destination. #Fraud #Crypto

The FCA's draft Financial Crime Guide names outbound-only monitoring as poor practice for mule controls. Feedback closes 24 December. A guide with no rules still tells you what the supervisor will ask. #FCA #MoneyMules

A quiet week… For the person on holiday. 😅

Treasury sanctioned a Panama and Greece law firm, plus three employees it says sat on the boards of the shadow fleet companies it registered. A screening tool that only checks company names will miss the people on the boards. #Sanctions #KYC

I’ll be attending Web Summit Lisbon this November. If you’ll be there too and would like to connect, feel free to message me. It would be great to meet in person and exchange ideas around AI, financial crime, fraud and technology.

“But it’s on the blockchain, so surely it’s traceable?” 😅

A 400% revenue increase is not proof of money laundering. Neither is crypto. Neither are prepaid cards. The red flag emerges when you connect the activity and the explanation behind it. I break down a real $67M case here: youtu.be/jO7gZGUYoLY #AML #MoneyLaundering

A London court has ruled that Chinese law will decide whether fraud victims own any of the 61,000 Bitcoin seized from Zhimin Qian. Where the victim paid can decide who owns the coins. #Crypto #AssetRecovery

The UK proposes paying whistleblowers who report economic crime to the SFO, with rewards taken from the company's penalty. Consultation open until 8 January 2027. Your internal channel may soon compete with a paid one. #Whistleblowing #Fraud

Want to become an MLRO one day? Build breadth across AML, develop your SAR decision-making skills and get comfortable communicating financial crime risk at senior level. Full career breakdown: youtu.be/kYvEd1EeNcc

For five weeks in 2017, SEB's Estonian monitoring system created no new alerts. New York has now fined SEB 33 million dollars over its Baltic AML failures. A silent monitoring system looks exactly like a quiet day. #AML #TransactionMonitoring