FinCrime Agent

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

OFAC designated an Iraqi bank that Treasury says sends its profits back to Iran in dollars every month, plus two Iranian offshore banks and four exchange houses. Check which of your respondent banks clear for exchange houses. #Sanctions #OFAC

There’s always a slide 4… Always. 😂

Bank of America's monitoring opened a case only at 20 points within 13 months, a threshold FinCEN says was "initially set by stakeholder judgment." FinCEN's penalty: 1.2 billion dollars. #AML #FinCEN

An urgent data request arrives after hours. Who verifies it? Who approves disclosure? What gets logged? Practical lessons from fake law-enforcement requests: youtu.be/1EBXVNVuEj4

How does fraud money end up looking like legitimate business revenue? This real money laundering case involved prepaid cards, crypto, a 400%+ increase in revenue and an explanation of “donations.” I break down the AML red flags here: youtu.be/jO7gZGUYoLY #AML #FinancialCrime

Three BaFin orders since 2021, all on Deutsche Bank's transaction monitoring systems. The latest resets remediation deadlines over changed technical requirements. A moved deadline with no recorded reason reads as a missed one. #AML #BaFin

Boldly going where no clean data has gone before. 🖖