Tag: Financial Crime Compliance

Understanding Ransomware Financing: Exploring the Dark Side of Cybercrime

Understanding Ransomware Financing: Exploring the Dark Side of Cybercrime In recent years, ransomware attacks have emerged as a significant threat to organizations of all sizes, from small businesses to large corporations. These malicious attacks involve hackers encrypting a victim’s data and demanding a ransom payment in exchange for restoring access. While the technical aspects of […]

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Exploring the Economic and Social Consequences of AML

Exploring the Economic and Social Consequences of AML Money laundering is a significant concern for governments, financial institutions, and society as a whole. Anti-Money Laundering (AML) measures have been put in place to combat this illegal activity.   In this blog post, we will explore the economic and social consequences of AML and why it […]

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Unmasking the Shadow: Understanding the Impact of State Capture on South Africa💥

Unmasking the Shadow: Understanding the Impact of State Capture on South Africa💥 The concept of statecapture has garnered significant attention in recent years, and South Africa has unfortunately become a notable case study in this phenomenon. State capture refers to the manipulation and compromise of key state institutions by private individuals or entities for their […]

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The connection between AML and Organised Crime.

The connection between AML and Organised Crime. 💰   👉 Organized crime refers to a group of individuals or criminal enterprises that work together, often in a systematic and hierarchical manner, to engage in illegal activities. These activities can range from drug trafficking, human trafficking, arms smuggling, and fraud to corruption, cybercrime, and more. The […]

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AML Threats and Vulnerabilities

Navigating “Threat & Vulnerability Assessments” Legislation often requires organizations to conduct a “threat and vulnerability assessment”, but what does this mean practically in the context of financial crime? 🧐 A threat and vulnerability assessment seeks to identify potential financial crime risks and weaknesses in systems, infrastructure, and operations. The main objective being to identify threats […]

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