Risk Assessment

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.

RegTech and Financial Crime Prevention

Berlin Risk Managing Director, Jennifer Hanley-Giersch, gives a short update on the RegTech market and how it can be a cost-saving solution for financial crime prevention in today’s regulatory environment.

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.

The Fourth EU AML/CTF Directive

This article will focus on one of the most recent initiatives by the EU, which underlines the continued importance of revising and improving existing anti-money laundering/ counter-terrorist financing (AML/CTF) legislative frameworks both within the individual member states and also in a cross-border context in terms of the cooperation between relevant national authorities.

Corruption Risk Assessment

Transparency International and Berlin Risk Institute conducted a corruption risk assessment of the European Economic Area (EEA) and Norway Financial Mechanisms. The report “Addressing Corruption Risk in the EEA and Norway Grants” is downloadable here.

Europe’s upcoming Fourth AML/CFT Directive

In February 2013, the European Commission adopted two proposals: the Fourth AML Directive and a complementary regulation on what information must accompany fund transfers to ensure traceability. The European Parliament’s and European Council’s so-called “draft directive on the prevention of the use of the financial system for the purpose of money laundering and terrorist financing”…