Martin Kenney: Why is the pressure on compliance professionals so intense?
The pressure on compliance professionals is immense. The individuals charged with the responsibility will always have the sword of Damocles hanging over their heads.
Martin Kenney on UK enforcement: Repay what you stole, or stay in prison
Not only does the UK’s Proceeds of Crime Act seek to right wrongs, in doing so it discourages others from following in the offender’s footsteps and removes the allure of their negative and toxic role model.
Are public UBO registers a good or a bad proposition?
Public UBO registers are only as good as the information provided by those required to furnish it.
COMMENTARY — UK’s registry move draws fire
Having browbeaten the House of Commons into enacting a statute seeking to impose public ultimate beneficial ownership registers on the United Kingdom’s overseas territories, such as the Virgin Islands, there are moves afoot to legally fortify this legislative decision by declaring it under the heading of national security.
UK’s targeting of Russian oligarchs as a national security threat is a sham
Russia and its oligarchs are not alone in their kleptomaniac, money-laundering endeavours.
The UK order on UBO registries in overseas territories – a reply
It cannot be over-emphasized that the UBO information held in “controlled” transparent systems, like the one in the BVI, is of very great investigative value.
Martin Kenney: ConocoPhillips exposes the Venezuela kleptocracy
Many of us who operate in the Caribbean are not surprised by ConocoPhillips’ move to seize assets from Venezuela’s state oil company.
Martin Kenney: Who, then, detects the fraud?
The ACFE’s new report reveals overall losses to fraud of $7 billion+, with an incredible 22% of frauds accounting for losses in excess of $1 million.
Martin Kenney: Hey, the G-7 countries sell passports too
There are blue chip passports out there which are worth their weight in gold to those whose passports would usually red-flag them as being a potential risk.
Why do 99% of cybercrime fraudsters escape justice in the UK?
Some online frauds are so simple to execute it questions why criminals would even consider robbing a bank. A shocking report this month revealed that 99% of all cybercriminals escaped justice in the UK. This is a staggering figure and paints a gloomy picture for those victims falling foul of online scams. The country’s top […]