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.

Business Partner Compliance

“The practice of Business Partner Compliance in German companies – results of a recent survey.”

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”…