September – November 2023

Cleaning Up Dirty Money in the Art Trade
ACAMS Connection, ACAMS Today Europe, ACAMS Today Europe Digital, Global Financial Crime Review, September – November 2023

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The art market’s vulnerabilities to financial crime have recently become a growing concern in the U.S., Europe and the U.K. Increasingly, authorities have turned their attention to art market transactions, acknowledging that—like other high-end assets—the art trade is ripe for money laundering.1 Scrutiny has been...
Germany’s New AML Authority and Its Uphill Battle
ACAMS Today Europe Digital, Europe Express, Featured Chapter, Global Financial Crime Review, September – November 2023

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When Lisa Paus, a financial expert in Germany’s Green Party, tried to identify the owners of the Kundamm-Karee ‘Fürst’ project, she hit a wall. The approximately 635,071-square-foot urban area that would house office spaces, retail stores and art galleries at Kurfürstendamm, one of Berlin’s most...
Building a Robust AML Compliance Program: Key Components for Success
ACAMS Connection, Compliance, September – November 2023

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With the growing complexity of our regulatory environment, financial institutions (FIs) and businesses continue to be subject to ever-increasing scrutiny and legal obligations to combat money laundering and terrorist financing. In the Caribbean, there is no difference. For Caribbean compliance practitioners who have oversight of...