Governments need to consider taking more “radical” measures to tackle financial crime threats in the wake of the FinCEN Files, even if there is a risk of “intelligence leakage”, an industry poll has found.
Read moreFinCEN leaks mark inflection point for international AML regime, says former DEA agent
The leak of the FinCEN Files has highlighted the ineffectiveness of the international anti-money laundering (AML) regime in terms of securing law enforcement outcomes and should trigger a fundamental review, a former senior U.S. law enforcement supervisory special agent has said
Read moreFinCEN leaks expose personal risk of AML/CTF compliance enforcement
An unprecedented leak of thousands of files from the U.S. government’s most confidential financial intelligence database has shone a spotlight on the world’s $2 trillion-a-year dirty money habit.
Read moreANALYSIS: FinCEN leaks will shine spotlight on “effectiveness” of global AML/CFT regime
The unlawful release of thousands of files from the U.S. financial intelligence unit’s database will shine a spotlight on the effectiveness of the international anti-money laundering (AML) regime, according to consultants with decades of experience in global banks and law enforcement agencies.
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