On July 27, the United Kingdom’s Office of Financial Sanctions Implementation (OFSI) at her Majesty’s Treasury released financial sanctions guidance for entities and individuals in the maritime sector. This guidance follows on the May 14 release of the U.S. Government’s comprehensive Global Sanctions Maritime advisory, which outlined the compliance measures the U.S. Government expects financial institutions, […]

The Financial Action Task Force (FATF)—the global AML/CFT standard setting body and watchdog—held the third and final Plenary meeting under the Chinese Presidency on June 24, 2020. Due to the COVID-19 pandemic the meeting was held virtually, but nonetheless the Plenary outcomes were numerous. Among the important outcomes of the Plenary are the publication of: […]

On May 14th, the U.S. Departments of State and the Treasury and the U.S. Coast Guard released a comprehensive Global Sanctions Maritime advisory, outlining the compliance measures the U.S. Government expects financial institutions and corporations in the maritime sector to put into place to limit sanctions risk. These new expectations raise the compliance bar substantially […]

The Financial Action Task Force (FATF)–the global AML/CFT standard setting body and watchdog–recently published its third follow-up report of the United States’ progress in implementing the FATF standards since the latest U.S. mutual evaluation (2016). Notably, the FATF upgraded the United States’ rating on Customer Due Diligence (Recommendation 10) in recognition of substantial work the […]

Overnight, the Covid-19 pandemic has fueled the flames of financial crime policy debates that have been burning for a number of years – including what effective identification should look like in a digital era. We now are faced with the question: will this crisis accelerate changes or alter the trajectory of compliance risk management? Regulators […]

In this webinar, K2 Intelligence Financial Integrity Network’s Eric Lorber—former senior advisor to the Under Secretary for Terrorism and Financial Intelligence at the U.S. Department of the Treasury—will discuss some of the key sanctions developments in 2019, to include efforts by the Trump Administration to ramp up pressure on Venezuela and Iran, in particular by […]

This panel of expert practitioners from K2 Intelligence Financial Integrity Network–with decades of experience in the public and private sector technology industry–will discuss new innovations and technologies being developed and applied in the financial crimes compliance realm, as well as the potential policy and regulatory implications associated with these technological advances. Please contact us for […]