Q&As On High Net Worth Individuals
There is no strict definition for a ‘High Net Worth Individual’ (HNWI) but it is commonly accepted worldwide that to become a HNW member a person will possess over one million dollars in liquid financial assets. With levels of wealth increasing over the decades, a person can also now be categorised as an ultra-HNWI: a person with available assets in excess of 30 million dollars.
Q&As On The 5AMLD For AMPS
Encrochat: An Introduction
Cheap, secure and easy technology has been a major enabler in the growth and expansion of organized crime networks in the last 25 years. Criminals no longer need to loiter in public phone boxes, talking in some kind of code: instead they can get a military grade encrypted communications device in the palm of their hand for the price of a few hours work.
Multistorey Money Laundering
This is a specific multistorey car park located in a provincial town in the United Kingdom. I know it well, as I frequently park there. It is built behind one of the town's main shopping streets and has an entrance inside to the back of a major chain store. So it is not really remarkable in any way….
The Curious Case Of Manni Hussain
Money Laundering Fundamentals
The perception that still endures of money laundering is of a suspicious character turning up at the counter of a bank with a suitcase (probably helpfully labelled swag) overflowing with used notes. Amazingly in some countries - and with some banks - this may still happen, but nowadays most money launderers run very sophisticated global operations.