Blog / Money laundering and fraud prevention (2)

Money laundering and terrorism financing are similar phenomena, but with multiple differences. Here we explain the main distinctions. A systemfor the prevention of money laundering and terrorism financing must take into account the particularities of each of these crimes. Although …

One of the oldest banks in the world and the largest in the United States has been involved in various legal proceedings due to its poor risk management. For financial institutions, reputation is one of the most important factors, because …

A history of prestige Barings Bank, one of the oldest in Britain and the world, was created in 1792. Throughout its history, it had financed the Napoleonic wars for the British Crown and the purchase of Louisiana by the Americans …

Money laundering is characterized by the placement, concealment and integration of illicit resources. Knowing what it consists of is important in risk management. An adequate system for the prevention of money laundering and terrorism financing must be aware of the …

There are many notorious cases of large companies that have collapsed due to internal mismanagement, financial fraud and lack of measurement of operational risk. One of these flagship cases is the fall of the telecommunications firm, Worldcom, which led the …

The case of this brokerage firm shows that financial malpractice can drive a company into bankruptcy and leads to mistrust in the market. The million-dollar disaster of Interbolsa, whose liquidation was ordered by the national government in November 2012, remains …