August 2021 2nd Edition

Featured Articles

How to write the perfect “Suspicious Activity Reports” (SAR)?

Suspicious Activity Reports (SAR) drafted by financial institutions contain some of the most valuable information available to law enforcement agencies in the fight against financial crime. Yet, the FinCEN Files scandal of 2020 has shown that major banks have consistently failed to write and submit proper reports over the years. What can we learn from their mistakes to be able to compose the perfect SAR? In 2018, more than 2.100 SARs leaked from the U.S. Treasury’s Financial Crimes Enforcement Network

August 4, 2021

Deutsche Bank, Standard Chartered Sued Over Afghanistan Dead

Deutsche Bank AG, Standard Chartered Plc and Danske Bank A/S were sued by the families of Americans killed and wounded during the war in Afghanistan who claim they “knowingly facilitated transfers of millions” of dollars that provided aid to terrorists in the region. The banks and two money transmitters functioned as “laundromats,”

August 6, 2021

Cars, funerals and home improvements: EU to crack down on large cash payments

Cash payments over €10,000 for transactions such as car purchases, home improvements or funeral bills will be banned under EU rules expected to come into force within three years. The EU legislation is being considered in an attempt to clamp down on cross-border money laundering on a wider European basis. The

August 4, 2021

Newsletter

August 2021 2nd Edition

Featured Articles

How to write the perfect “Suspicious Activity Reports” (SAR)?

Deutsche Bank, Standard Chartered Sued Over Afghanistan Dead

Cars, funerals and home improvements: EU to crack down on large cash payments

Money laundering widespread in the Dutch horse-trading business, Tax Authorities say

Italy Probes Cyber Attack as an Act of Terrorism

Covert Operator: 10 Signs You Might Be A Gray Man

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