A lesson in financial crime and the compliance laws designed for modern financial institutions sounds like a slow day in history class. However, you may be surprised to know that the origins of customer identification legislation began with a variety of dangerous crimes like mob activity, drug trafficking, and even terrorism. International KYC policies are […]
In the previous BusinessForensics article, we discovered that approximately 61% of financial service professionals find it difficult to spot signs of human trafficking. Therefore, aside from explaining what human trafficking looks like, and how to identify various red-flags, it’s also important to elaborate on which approach and technologies one should use to combat human trafficking. How to start detecting human trafficking In order to monitor and detect financial crime, as a whole, and human trafficking, specifically, […]
December 10th, 2020 was Global Human Rights day. Three days earlier, the European Union adopted a new global human rights sanctions regime. The new regime is the EU’s attempt to take the first steps towards creating a “Global Magnitsky Act” based on the first Magnitsky legislation, installed in the United States in 2012. What is […]
The Hague/Munich, September 30, 2020 – cleversoft group, the Munich-based RegTech software provider for financial institutions and insurance companies, together with Software Investor Main Capital Partners announces the 100% acquisition of BusinessForensics B.V., a provider of financial and economic crime prevention solutions based in The Hague, Netherlands. BusinessForensics was established in 2010 and has built […]
Editorial Note: Last week, we conducted a LinkedIn poll regarding Wirecard. The following article is a response to that poll and its results, offering a less frequently discussed perspective. When news of the Wirecard scandal first broke, it was clear that it was not the result of days or months gone wrong, but instead years. And, as information surrounding Wirecard’s misdealings became more widely known, many businesses and professionals began sharing their opinions. To be fair, the inspiration […]
The story of a future financial crime specialist Finding purpose One of the beliefs I share with most of my generation is that the job I fulfill has to have a purpose. I need to work in a position where – even if minor – I can contribute to making the world a better place. […]
Our participation in Globaliser 2020 helps us walk in lock-step with new EU money laundering and terrorist financing directives. A few weeks ago, we were selected to participate in a 12-week program called The Globaliser. Specifically, we’re participating in The Cyber Security Globaliser 2020 — a program designed to support us in our endeavor to expand […]
Last week de Volksbank and BusinessForensics signed the contracts for a collaboration. De Volksbank will use the ForensicCloud of BusinessForensics to facilitate their investigative work within the Financial Economic Crime domain. Compliance & Security Director of De Volksbank, Security Affairs Manager Frank van Dam and BusinessForensics CEO Tames Rietdijk gave the go-ahead for a joint […]
BusinessForensics Klantendag 2019 Wij kijken uit naar een bijeenkomst met onze relaties waarbij we kennis kunnen delen en van gedachte wisselen over actuele vraagstukken. Er is een mooi en relevant programma in de maak, waarmee we hopen zowel iets toe te voegen als op te halen bij onze belangrijkste graadmeters in de markt; onze klanten. […]
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