London Governance & Compliance Academy
SOUTH AMERICA In South America, the landscape of financial crime is complex, and money laundering constitutes a significant part of this problem. The Global Financial Integrity’s report in 2021 estimated that the illicit financial flows from developing countries, which include a substantial number from South America, amount to approximately $1 trillion annually. High-profile […]
In July 2022, the Financial Conduct Authority (FCA) established the definitive regulations and advice pertaining to a fresh Consumer Duty, designed to instate elevated and more distinct standards of consumer protection across the sphere of financial services, whilst also necessitating firms to prioritise the needs of their clientele above all else. This new set of […]
ASIA In Asia, financial crime continues to be a pervasive concern, with money laundering being particularly problematic. The UN Office on Drugs and Crime (UNODC) estimated that the annual amount of money laundered globally is approximately 2 to 5% of global GDP, or $800 billion to $2 trillion USD in 2021 (UNODC, 2021). Given […]
