Entries by IFI

Operation Mouse

Synthetic identities are increasingly used to perpetrate fraud. Delve into real-life examples of synthetic identity fraud in Canada, along with the actions financial institutions can take in response, in this article.

The BIS 50% Rule

Under the new BIS Affiliates Rule, any entity at least 50% owned by a listed party is subject to the same export control restrictions as the parent. The objective of the rule is to close a loophole and more effectively counter diversion of sensitive and restricted items.

The Rising Standard

This article explores why oversight matters more than ever, how accountability is evolving, and what boards can do to meet rising expectations.

Laundering Luxury

‘Daigou’ buyers purchasing luxury items in the U.S. for sale in China are often funded by Chinese Money Laundering Networks using financial proceeds of cartel activities. Learn how these methods operate, the red flags financial institutions can identify, and the actions to take in response.

Terrorist Drug Trafficking Organizations

This article provides background on designated cartels — their geographic reach, how they raise and move money, the risks they pose to financial institutions, and common red flags that may help financial institutions to identify suspicious activity.

FATF’s Recent Risk Map Update

FATF’s June 2025 update—new grey list additions and unchanged high-risk jurisdictions mean updated risk scores, stronger due diligence, and sharper monitoring for compliance teams. Here are three actions to take now.

Deepfake Deep Dive

Artificial intelligence (AI) can increase the volume, value, and effectiveness of fraud attacks such as CEO fraud. Financial institutions should take action to protect themselves – and their customers.

From Outdated to Aligned

Modern compliance risks require modern training. Discover how forward-thinking institutions are reshaping their programs to stay ahead of fast-evolving threats.