December 2021 – February 2022

Riddle Me This: To Whom is the Shipment Going?
AFC Challenges, Compliance, December 2021 - February 2022

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As discussed in a previous article, “Riddle me this: Export controls,”1 governments seek to accomplish national security and foreign policy goals through their control of exports. Understanding the framework and operational implications of export regulations is much like solving a riddle. Merriam-Webster defines riddle as...
2021: A Year of Positive Change
December 2021 - February 2022, Global Financial Crime Review

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While anti-money laundering (AML) professionals focused on finding and reporting pandemic-related fraud and adjusting to a virtual world in 2020, 2021 brought a sense of calm. Emphasis by governments and regulators on risk-based anti-money laundering/counter-terrorist financing (AML/CTF) programs, building solid frameworks for sanctions programs and...
Keeping Sanctions-Related Risk Assessments Effective and Current
December 2021 - February 2022, Practical Solutions

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The dynamic nature of sanctions risk—stemming from nuanced sanctions requirements, complex corporate structures and transaction protocols, and imperfect data insights on customers and related parties—makes operating a sanctions compliance program (SCP) no easy endeavor. Firms need to have a clear understanding of their inherent sanctions...