Wicked Games
Casinos are a convenient money-laundering venue. Discover effective strategies gaming venues can use to structure a robust AML compliance program and avoid being exploited by illicit actors.
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Entries by IFI
Biden Takes Final Shot at Russia’s Energy
The Biden administration on January 10, 2025, imposed the most severe sanctions on Russia’s energy sector since the start of Russia’s full-scale invasion of Ukraine. What should financial institutions and other firms know about these new designations, and how can they mitigate their risks?
The Chips Are Down
Recent enforcement actions indicate regulators are tightening their focus on the illicit cash that traverses the gaming industry. This article explores why casinos are a convenient money laundering venue and recent enforcement cases that highlight the risks the gaming industry faces globally.
2024’s Top 10 Major Developments
Explore the highlights from our recent webinar including an overview of the current illicit finance landscape, major events in 2024 as well as noted possible future developments as the global illicit finance regime grows and evolves.
Syria Sanctions Relief
The U.S. Treasury has issued a Syria General License to provide gradual sanctions relief for the Syrian people after the regime of Bashar al-Assad was toppled in December 2024. What does this sanctions relief mean to financial institutions and other firms hoping to transact in the country?
The Green Gold Rush
Explore the corruption risks in the green transition mining and minerals sector, a rapidly growing industry fraught with challenges that expose businesses to bribery, fraud, and reputational damage. Discover strategies to protect your operations and ensure compliance in the race for sustainable energy solutions.
Shell Companies as an Enabler of Export Control Violations
Shell companies are a key enabler of export control violations, which represents an extension of their well-established use in other financial crimes. This article provides red flags financial institutions can use to identify shell companies in the export control context and to take action accordingly – which can provide one element in an export control compliance program.
Lessons from the Frontlines of AI in Compliance
Explore how financial institutions can leverage gen AI responsibly through strategies that prioritize data quality, transparency, user education, and ongoing testing.