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Various methods are used to circumvent sanctions. Knowing what they are and how to spot them can help you avoid doing business with sanctioned entities. Following the Russian invasion of Crimea in 2014, the US imposed sanctions against Russia. Since then, the country’s elite have used various strategies to protect their financial interests.

KYC
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May 4, 2022

How to spot sanctions evasion

KYC
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Could crypto actually be enabling sanctions evasion, or is this just grabbing headlines? In the final discussion of our Sanctions Miniseries, David Carlisle, VP of Policy and Regulatory affairs at blockchain and analytics company Elliptic, weighs up the validity of this question.

Sanctions Miniseries Part 4: Sanctions & Crypto

KYC
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You may have looked data up and down and back again, but have you looked at it sideways? In Part 3 of our Sanctions Miniseries, host Alex Pillow is joined by KYC expert, Graham Barrow, host of The Dark Money Files podcast. Their discussion sheds light on the networks of those who are sanctioned and the risk indicators to look for.

Sanctions Miniseries Part 3: Networks Defeat Networks

KYC
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In Part 2 of our Sanctions Miniseries, Andréas Hobbelin, Head of Anti-Money Laundering & Financial Crime Prevention at ZTL Payment Solutions, guides us beyond sanctions lists by sharing the importance of ownership and control in relation to sanctions. Without complete and accurate data, subsidiary networks are more difficult to detect, and mistakes become more likely for vendors and practitioners. This conversation highlights ways organizations can take a proactive approach to mitigating sanctions risk.

Sanctions Miniseries Part 2: Going Beyond the Lists

KYC
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Russia’s invasion of Ukraine has had a profound impact on the compliance, KYC, and supply chain industries as governments around the world have issued sanctions at a rapid pace. In this first installment of our Sanctions Miniseries, host Alex Pillow provides an overview of sanctions, the subsequent responsibilities organizations have for staying compliant – and the consequences for not.

Sanctions Miniseries Part 1: The Pen is Mightier than the Sword

Sanctions recently imposed against Russia are severely affecting operations, transactions, and services for businesses globally. You must understand these sanctions so that you can put effective compliance controls in place.

KYC
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April 19, 2022

How to comply with Australian sanctions against Russia

To comply with sanctions rules, you must consider ownership and control of your customers and business partners – including indirect ownership and control, which can be difficult to determine.

KYC
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April 12, 2022

Sanctions Compliance: understanding the role of indirect ownership and control

Attitudes towards AI in the KYC and AML space are often riddled with disillusionment. It begs the question, are there ways to unlock the potential of AI technologies in a more productive way when combatting financial crime?

KYC
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April 8, 2022

AI & Transparent Boxes

The Australian Senate looks to strengthen the country’s money laundering and terrorism financing laws by broadening their scope to cover many more organizations, including those in the real estate sector.

KYC
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April 5, 2022

The Tranche 2 Anti-money Laundering reforms in Australia

When it comes to analyzing the financial crime industry, are you overwhelmed by data points? The more pressing concern is likely how to gain deeper insight into data that lead to more valuable business decisions. In this episode, host Alex Pillow and Jamie Hutton, CTO of Quantexa, discuss how entity resolution can be a powerful tool on your journey toward more impactful and affective KYC.

KYC
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March 23, 2022

Entity Resolution + Data = ?

Sanctions screening is a critical part of an effective compliance program. But looking beyond current sanctions lists reveals related risks that firms must also manage.

KYC
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March 22, 2022

Sanctions Screening: go beyond the lists

The scale of the restrictions against Russia may present compliance challenges. Moody’s Analytics can help you assess and mitigate your exposure to sanctions. Our checklist provides steps you can take to comply with new sanctions.

KYC
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March 17, 2022

Sanctions Compliance Checklist

The recent Suisse Secrets data leak from the Organized Crime and Corruption Reporting Project (OCCRP) exposed unethical business dealings within the global banking system. These leaks are the tip of the iceberg when it comes to widespread misconduct in the financial system. These suspicious transactions fuel a vast range of illegal activities like tax evasion, money laundering, drug trafficking, and modern slavery. Host Alex Pillow and Hugo Veazey, explore flaws embedded in the foundation of legal and banking systems around the globe and their devastating consequences. Listen along as they discuss the power organizations have to shift this dangerous and immoral paradigm by making systematic compliance changes to their tools, training, and accountability standards.

KYC
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March 16, 2022

Bonus Episode: Suisse Secrets Reaction

Ultimate beneficial ownership of a company is not as straightforward as it seems. This opaqueness begets a system where business structures are created legally, and yet are also the preferred vehicle for furthering financial crime like money laundering, human trafficking, and migrant smuggling. Follow along as host Alex Pillow dives deeper into the topic of UBOs with highly esteemed author and investigative journalist, Oliver Bullough, and Moody's Analytics Financial Crime Industry Practice Lead, Ted Datta.

KYC
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March 3, 2022

UBOs and Why They Matter

While unequivocally wrong, the global practice of modern slavery is yet to be completely eradicated. Host Alex Pillow is joined by Professor Zoe Trodd, Executive Director of Rights Lab, and Jakob Hahn-Petersen, Moody's Analytics KYC Product Strategist, to discuss the magnitude of the problem and the role governments, organizations, individuals, and technology can play to fight against it.

KYC
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February 15, 2022

Modern Slavery and How to Fight It

Keith Berry, General Manager of Moody’s KYC business unit, and Justyna Gudzowska, Director of Illicit Finance Policy at The Sentry share their thoughts on the demand for data and insights to help organizations better understand who they’re dong business with.

KYC
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February 9, 2022

Moody’s Analytics and The Sentry collaborate to drive greater transparency on criminal activities in business

This white paper covers the latest thinking on beneficial ownership, power and control. Find out how beneficial ownership can differ from ‘control’, how recent changes in regulations are affecting due diligence and how company ownership data can help you protect your company.

KYC
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January 27, 2022

Who are you really doing business with?

Culture, geopolitics, and media reporting all create challenges for name matching, even when software performs the matches. In the first of Moody’s Analytics KYC Anthrolinguistic Insights series, we show how GRID data and Review screening work against the background of these broader trends.

KYC
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January 25, 2022

That's not my name: challenges in KYC name matching

For companies operating in the global marketplace, especially those with large and diverse supply chains, the risk of inadvertently being involved with or implicated in modern slavery might be far greater than you realize.

KYC
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January 18, 2022

Six crucial facts you need to know about modern slavery

A brief overview of a combination of global changes transform the data ingested into our GRID database, therefore changing modern slavery-related alerts to our customers.

KYC
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January 7, 2022

Drivers of risk trends in modern slavery and human trafficking

It’s important for all companies in the financial sphere to understand AML KYC compliance solutions. But what do AML and KYC stand for, why are they important, and how do we use AML KYC compliance solutions to protect the world’s financial systems?

KYC
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December 15, 2021

What's the difference between KYC and AML

Moody’s Analytics KYC and compliance capabilities are expanding, delivering innovation and efficiencies to customers.

KYC
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December 3, 2021

Roadmap to next-generation KYC

Organizations are increasingly fighting modern slavery in supply chains, thanks to a decade of regulatory momentum. How can you eliminate parties connected to modern slavery from your network?

KYC
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December 1, 2021

Modern slavery: how to root it out of the supply chain

The Situation Modern slavery is a worldwide, profit-motivated problem that enslaves people from all walks of life and generates billions in illicit funds each year.

KYC
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November 12, 2021

Modern Slavery: A Financial Crime, A Global Humanitarian Crisis

The Pandora Papers have ignited a powerful response that has been felt around the world since their publication on 3 October 2021. Governments and the global financial community are reading the Papers with interest, looking for insights and intelligence.

KYC
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October 11, 2021

Pandora's box is open

KYC
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A recent surge of new modern slavery regulations has pushed financial institutions to update their compliance structure with an eye toward both legal obligations and risk management. Modern slavery screening is now about more than reputational risk.

Modern slavery: beyond reputational risk

KYC
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In the financial regulation industry, PEP stands for politically exposed person. It’s crucial for financial institutions to adhere to financial PEP regulations to prevent money laundering and terrorism financing. Read on to learn what a PEP is, how to screen for PEPs, and who qualifies as a PEP in anti-money laundering and combating the financing of terrorism.

What is a PEP?

KYC
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A 1970s law with current day ramifications. Learn about how BSA/AML compliance protects your organization

BSA AML Compliance

KYC
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In this paper, you’ll find answers to many of the questions currently being posed by compliance professionals and some additional context looking at the procedural but also the practical implications.

Put more PEP in your step

KYC
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The paper urges us to look beyond sanctions lists to find a growing number of connected and emerging risks.

Sanctions screening: Navigating today’s connected risk

KYC
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As of January 2019 we've performed one trillion screens for financial, FinTech and Fortune 500 clients. Here we share the lessons learned along the way.

12 Lessons from one trillion screens

One widely quoted estimate by the International Monetary Fund places the aggregate size of money laundering in the world at between two and five percent of global GDP1. And while the illicit nature of money laundering means no precise statistics are available, it is fair to say that bad actors have traditionally had the upper hand.

KYC
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July 1, 2021

Organized crimed disorganized compliance

Customer due diligence, or CDD, is the process of verifying customers’ identities and assessing their financial situations to understand their potential risk of involvement with financing crimes. The customer due diligence rule, also known as the CDD Final Rule, declared that a comprehensive set of risk-based customer due diligence policies are a pillar of a strong BSA/AML compliance program. Anti money laundering customer due diligence is one of the first roadblocks to financial crimes.

KYC
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June 1, 2021

Customer due diligence explained