FinCrime Protection Limited

07/05/2021

Cryptocurrency - how does it impact Anti-Money Laundering and Financial Crime activities?

If we consider the 3 stages of Money Laundering (Placement, Layering and Integration) the ownership of Cryptocurrency from an illegal perspective fits into the "Layering" stage. The initial purchase from a traditional bank account requires a debit card like £Sterling, $USD, Euros etc., commonly referred to as FIAT currency to be linked to a "Wallet" (Secure Wallets, Mobile Wallets, Cold Storage Wallets, Hosted Wallets, Desktop Wallets, Multi-signature Paper Wallets and Hot Wallets).

This is done in order to purchase crypto assets. Thus if the initial money derived from the proceeds of crime, then the funds are already in the financial system.

The ICA Demystifying Cryptocurrencies course is an excellent introduction to this fascinating topic and will supplement any Anti-Money Laundering / Financial Crime compliance programme.

05/05/2021

Put you and your staff in a position to protect your firm from financial crime and meet your regulatory obligations. Have the ability to identify potential financial crime and the tools to report suspicious activities to the law enforcement agencies.

Download our free guide and discover how five simple steps can help protect your business from Financial Crime.

https://lnkd.in/d77vJZV

27/04/2021

In today’s world, firms are required to take the appropriate steps to identify and assess the risks that could be used for money laundering and financial crime.

Policies, controls and procedures play an important role in addressing and mitigating these risks and documenting all of these aspects is critical.

Why not download our FREE ANTI-FRAUD POLICY Template to get you started?

https://lnkd.in/dxjqVuu

21/04/2021

FinCrime Protection Limited helps many businesses get up to speed with the latest regulatory obligations and provides tailored Anti-Money Laundering and Financial Crime material and training.

Dr. David Handy-Jenkins, the International Compliance Association Director of Quality Assurance Accreditation and Audit explains how FinCrime Protection Limited helps solve problems:

15/04/2021

Why is it so essential to have harmonisation between Correspondent and its Respondent Banks?

To enable an individual, corporate or a financial institution to pay money from one jurisdiction to another, the transfer of funds has to go through several stages.

From onboarding a downstream respondent Bank to opening up a LORO account.

Find out more about why the two should work closely together:

Understand the basics of correspondent and respondent banks.

13/04/2021

If you are required by law or regulation to have effective money laundering procedures in place then you will need our help.

- Protect your firm from financial crime
- Meet your regulatory obligations
- Enable your staff to identify potential financial crime
- Have the right tools to report suspicious activities

Download our FREE ANTI-FRAUD POLICY Template.

https://lnkd.in/dxjqVuu

09/04/2021

Through our partnership with the International Compliance Association, FinCrime Protection Limited offers a variety of ICA qualifications to help compliance professionals develop relevant knowledge and best practice for operating within the fields of governance, risk and compliance, financial crime prevention and anti-money laundering (AML).

Awarded in conjunction with the Alliance Manchester Business School, The University of Manchester, you can be assured that you are studying for a worthwhile qualification that is the benchmark of excellence.
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Explore our training courses: https://lnkd.in/dtp3ugF

07/04/2021

The Money Laundering Regulations and predicate legislation are more prescriptive regarding the approach organisations should take to managing financial crime risk.

At FinCrime Protection Limited, we follow the Virtuous Circle Model in our approach to helping organisations protect their business. Identifying five simple steps to ensure your business is protected from Financial Crime.

Get in touch with us to find out how we can help: https://lnkd.in/dZaqACs

10/12/2020

FinCrime Protection Ltd, provides independent and bespoke consultancy services to protect you against compliance risk globally.