Your destination for insightful blogs showcasing our insights. As industry experts, we pride ourselves on delivering exceptional content that captures the essence of our collective knowledge and experience. Through our articles, we strive to provide you with a deeper understanding of the ever-evolving landscape of Financial Crime. Our mission is to equip you with knowledge, empowering you to make informed risk mitigation decisions. Join us on this journey as we unravel the intricacies and share our unique insights, all aimed at unlocking new horisons and driving your business forward.
In the ever-evolving landscape of law enforcement and forensic investigations, the integration of data analytics and specialised tools has brought about a paradigm shift in the way these investigations are conducted. This transformative approach, empowered by data analytics, with its ability to sift through vast amounts of data, extract meaningful insights, and uncover hidden patterns, has revolutionised how investigators approach and solve complex cases.Read More
In today's digital interconnected world, the importance of cybersecurity cannot be overstated. As we mark Cyber Security Awareness Month, it's crucial to highlight the ever-evolving landscape of digital threats and the proactive measures we can take to safeguard our online presence. The undernoted points highlight some of the most pressing cybersecurity topics and effective mitigation tactics:Read More
In the world of Financial and Accountable Institutions, compliance with regulations is not just a best practice—it's a legal obligation. One such crucial regulation is the Financial Intelligence Centre Act (FIC Act), designed to combat money laundering, terrorist financing, and other illicit financial activities. Accountable Institutions that fail to comply with the FIC Act and its regulations can face severe consequences, including sanctions and fines. To understand the gravity of non-compliance, let us delve into potential sanctions and fines, along with lessons from regulatory actions in different jurisdictions.Read More
The Financial Intelligence Centre (FIC) has recently issued Directive 7 aimed at strengthening anti-money laundering and counter-terrorism financing measures in the trade of high value goods. This directive, effective from the date of publication (31 March 2023) in the Government Gazette, introduces new requirements for High-Value Goods Dealers (HVGD) to mitigate the risks associated with cash transactions and ensure compliance with the Financial Intelligence Centre Act.Read More
In the fight against money laundering, terrorist financing, and proliferation financing, accountable institutions play a crucial role. To mitigate the risk of these illicit activities, it is now a Financial Intelligence Centre Act (FICA) Regulatory Compliance requirement for such institutions to screen their employees for competence and integrity. Directive 8, issued by the FIC, outlines the necessary steps for accountable institutions to implement effective employee screening measures.Read More
In today's Digital Age, information is abundant, and data sources are vast and diverse. Organisations, analysts, and investigators face the daunting task of extracting valuable insights from this vast sea of information. This is where the next-generation OSINT (Open-Source Intelligence) digital solutions come into play, leveraging the power of Social Media, Blockchain, Cryptocurrency, Darknet data sources, and advanced search methods. These cutting-edge tools offer numerous advantages, enabling users to quickly identify hidden links or connections, saving costs, mitigating corruption, bribery, and fraud, automating investigations, and optimising digital forensics.Read More