Stenn Collapse: Fintech Crime and Regulatory Risk
The UK fintech company Stenn collapsed after indirect involvement in a US money laundering case triggered investigations by its lenders, highlighting the significant risks of indirect exposure to fina...
20 Jan 202513min
SEC $18 Million Order Against LPL Financial
The SEC issued an $18 million penalty against LPL Financial for repeated violations of anti-money laundering (AML) regulations, specifically concerning its Customer Identification Program (CIP) and on...
19 Jan 202515min
Building an Effective Operational Risk Management Framework
The episode explores the challenges of creating effective Operational Risk Management (ORM) frameworks. It highlights common pitfalls such as overcomplication, siloed responsibilities, and a reactive ...
19 Jan 202521min
BitMEX's $100 Million AML Fine
A US court fined cryptocurrency exchange BitMEX $100 million for violating the Bank Secrecy Act between 2015 and 2020 due to insufficient anti-money laundering (AML) and know-your-customer (KYC) measu...
19 Jan 202519min
Europol's Global Asset Seizure Operation.
Europol’s Groundbreaking Operation to Seize Criminal Assets: Project A.S.S.E.T. 🔍In a major step forward in the fight against organized crime, Europol has launched Project A.S.S.E.T. (Asset Search & ...
18 Jan 20255min
Brutal AML Truth: We’re WAYYY Too Slow to Adapt! Learning from Startups
This podcast episode, "Brutal AML Truth: We’re WAYYY Too Slow to Adapt," argues that Anti-Money Laundering (AML) programs are too slow to counter evolving criminal tactics. It advocates for AML teams ...
18 Jan 202514min
Volkswagen Data Breach Exposes 800K EV Owners' Data
A data breach exposed the personal information of approximately 800,000 Volkswagen electric vehicle owners. The breach, initially reported by a German publication and confirmed by the ethical hacking ...
18 Jan 202511min
Financial Crime Audit Fieldwork & Testing Techniques
This podcast episode outlines the crucial fieldwork and testing phases of a financial crime audit. It details key steps, including data collection (transaction records, customer information, and inter...
17 Jan 202510min
