Wire Transfer Rule

On 17 June 2020, Dr. Daniel Eisermann, Senior Partner of Berlin Risk, explained in an audio interview with Compliance Channel E&CW UG (haftungsbeschränkt) what the Wire Transfer Rule is about and how the risk of money laundering and terrorist financing through crypto-currencies should be assessed. Dr. Daniel Eisermann referred his current study “Kryptowährungen als Risiko…

Regulating a Game Changer—Europe’s Approach to Cryptocurrencies

Cryptocurrencies are seen as bringing innovation to the payments-services sector; furthering financial inclusion; and facilitating greater efficiency in cross-border transactions. However, as with other financial products and services, cryptocurrencies are also exposed to financial crime risks. The following article provides some background in relation to cryptocurrencies in general, and some insights into ongoing regulatory approaches and discussions in Europe.

Ultimate Beneficial Ownership and the Fourth EU AML Directive

The Fourth EU Anti-Money Laundering Directive has now been implemented and with it comes the launch of the new ultimate beneficial ownership registry across the 27 EU member states. Here is a detailed look at the new registry and the drive for increased transparency.

Know your customer: Enhanced requirements

KYC/CDD requirements have been the focus of regulatory revision in 2016, leading to changes in understanding, approaches and tools needed to meet these requirements.

Enhanced Due Diligence in Managing Sanctions Risks

Jennifer Hanley-Giersch elaborates on the sanctions in force against Russia, Syria and Iran as well as those recently lifted against Belarus, highlighting the risks still associated with the countries.

Financial crime risk assessment

Legislation in force to prevent financial crime has become more risk focused, requiring organizations to fully understand the risks their organization faces based on their business model and strategy.

Analyzing the Role of Politically Exposed Persons in Tender Projects

A major concern for a company getting engaged in a tender project in a foreign country is the opaque role that Politically Exposed Persons (PEPs) might play through the relationship between business and politics surrounding the project. This article builds on previous explorations of approaches to political risk research, and ties in with the recent…