Free Beneficial Ownership Mapping Tool

Posted by & filed under Beneficial Ownership, Research & Investigation.

Anyone who has spent time in a KYC group knows the challenges of trying to identify the beneficial owners of companies with complex structures.   Even when new clients are cooperative about providing ownership information during onboarding, there are many cases when there is just no simple way to understand the ownership structure without breaking… Read more »

News, News, and More (Fake) News – Vetting Online News Sources

Posted by & filed under Negative News, Research & Investigation.

The amount of digital information available to us at all times is continually increasing, and it is not all Pulitzer worthy. It is almost impossible to watch cable news and not hear about fake news.  Often a hyper-political term that is interpreted different ways, actual fake news describes stories presented as true, but have no… Read more »

Six Considerations when Investigating Foreign Correspondent Banking Clients

Posted by & filed under AML General, Negative News, Research & Investigation.

correspondent banking investigation

It is well known that correspondent banking relationships result in heightened money laundering and terrorist financing risks, and deficiencies in AML programs relating to correspondent banking clients have led to billions of dollars in regulatory fines. While there is a multitude of literature and commentary on the AML risks and challenges associated with foreign correspondent… Read more »

Terrorism Links in UK Customer Populations

Posted by & filed under AML General, Negative News, Research & Investigation.

It has recently been reported that a leaked draft document from HSBC’s monitor identified 13 British customers linked to Islamic terrorist groups in Syria.  While it is impossible to make any determination on HSBC’s AML policy without the full details of the report, this leak highlights a challenging topic for all banks. There is no… Read more »

7 Free Open Sources to Find PEP Information

Posted by & filed under Research & Investigation.

While most financial institutions subscribe to a Political Exposed Person (PEP) list, there are many cases where these lists lack coverage or additional research is required.  Below is a list of seven free additional open sources to help you track down PEP information. 1. CIA World Leaders List An online directory published by the CIA… Read more »

What “Negative News” Should Mean to Current AML and Compliance Professionals

Posted by & filed under Negative News, Research & Investigation.

As part of their work, due diligence analysts and suspicious activity investigators must properly search for “negative news” information.  If they do not, an AML program cannot be considered effective.  Recent enforcement actions, fines, and personal penalties against AML Officers prove this point. What, however, is meant when AML professionals refer to “negative news?” The… Read more »

AML and Investigative Resources

Posted by & filed under Research & Investigation.

Need help tracking down the link to the Hong Kong Companies Registry or the U.S. Postal Inspection Service’s Most Wanted List (here and here)? We have just updated the free investigative resources section on our main site.  Some of the more popular categories are the sections for International Corporate Registries, Sanction/Watch Lists, and Visualization Tools…. Read more »

Panama Papers Data File Overview

Posted by & filed under Research & Investigation.

Just over a week ago, the International Consortium of Investigative Journalists (ICIJ) released a searchable database of companies, people, and addresses named in the Panama Papers.  In addition to the online search tool, the ICIJ also released a downloadable version of the same information.  Below is a brief overview on how to download the database, and… Read more »