This episode of Fridays with Fintelekt features a conversation between Shirish Pathak, Managing Director, Fintelekt and Antoine Karam, United Nations Office on Drugs and Crime (UNODC).

In this episode, Antoine speaks about -

discussion about the software – goAML – developed by UNODC and being used by various Financial Intelligence Units globally; Benefits of using the software; Support provided by UNODC while implementing the software in various countries; Challenges faced during such implementations, Future plans.

This episode of Fridays with Fintelekt features a conversation between Shirish Pathak, Managing Director, Fintelekt and Diphat Tembo, Director - Supervision and Prevention Department, Financial Intelligence Centre, Zambia.

This episode of #FridayswithFintelekt features a conversation between Shirish Pathak, Managing Director, Fintelekt and George Pearmain, Director - Financial Crime Strategy, Government of Jersey, covering a range of topics including -

- the key highlights, findings and recommendations of the recent National Risk Assessment (NRA) that will be useful in other countries gaining a better understanding of the threats and vulnerabilities facing Jersey;

- managing the risk of international finance centres (IFC) facing being used either as placement centres or as transit points for large funds related to money laundering or corruption;

- impact of the NRA on revision or formation of regulations and laws related to financial crime compliance for various sectors; and

- differences in running n NRA for an IFC, as compared to a ‘mainstream’ jurisdiction and critical success factors for a successful NRA.

This episode of #FridayswithFintelekt features a conversation between Shirish Pathak, Managing Director, Fintelekt and Alma Angotti, Partner and Co-Leader of the Global Investigations and Compliance Practice at Guidehouse.  In this episode, Alma speaks about -  

- learnings from her long career spanning regulation, advisory and law enforcement;  

- the ‘tone from the top’, building a culture of AML/CFT compliance, and reinforcing this across levels within the organisation; understanding where the breakdown in compliance usually happens; 

- the challenges that regulators are facing and what might be required to create a more effective system bearing in mind recent incidents such as the FINCEN leaks; 

- systemic deficiencies caused by current regulatory approaches at financial intelligence units and possible solutions; 

- best practices that banks and other reporting entities should follow when dealing with regulators and law enforcement agencies; and 

- advice to the compliance community to ensure that they can still be effective and efficient at their jobs.

This episode of "Fridays with Fintelekt" features a conversation between Shirish Pathak, Managing Director, Fintelekt Advisory Services and Daniel Thelesklaf, AML/CFT and Anti-Corruption Expert and Former Director of the Swiss FIU and Moneyval on:

- Top expectations from banks and other reporting entities and the regional evolution AML/CFT;

- Regulatory arbitrage exploited by money launderers due to differences in regulatory/compliance maturity amongst nations and discussion on specific areas of international co-operation that might result in more consistency in AML frameworks applied across the globe;

- Scope for improvement in effective implementation of global standards, and whether the FATF process for mutual evaluations is democratic;

- Thoughts on modern slavery and the Liechtenstein initiative;

- Challenges that come up while setting up public private partnerships, realistic expectations and best practices; and

- Advice to compliance officers in reporting entities to deal with the currently volatile regulatory, political and social environment.

This episode of "Fridays with Fintelekt" features a conversation between Shirish Pathak, Managing Director, Fintelekt Advisory Services and Tanya McCartney, CEO and Executive Director, Bahamas Financial Services Board on the role and responsibilities of the Bahamas Financial Services Board; the current level of compliance and effectiveness with the FATF Recommendations and the follow up or remediation work that is underway or specific reforms that have been undertaken towards strengthening the integrity of the AML/CFT regime; whether the FATF process for mutual evaluation and ranking of countries is democratic; practical difficulties that banks and other reporting entities in The Bahamas face while complying with regulatory reporting requirements and implementation of the right AML frameworks in their institutions; what are regulators doing to play a dual regulatory and developmental role to shepherd the reporting entities to comply better; and the position of banks, financial institutions and other types of reporting entities in the country on the increased regulation and efforts to prevent financial crime in The Bahamas.  

The book mentioned in this episode - Strategies for Success: A Roadmap for the Compliance Professional in Financial Services, authored by Tanya McCartney is available at https://www.amazon.com/Books-Tanya-McCartney/s?rh=n%3A283155%2Cp_27%3ATanya+McCartney

This episode of "Fridays with Fintelekt" features a conversation between Shirish Pathak, Managing Director, Fintelekt Advisory Services and Philip Hunkin, Director - Financial Intelligence Unit, Isle of Man, on bringing together the financial sector and other reporting entities, both from a regulatory and development point of view; steps that have been taken to strengthen beneficial ownership controls; views on imposing penalties; risk assessment on the impact of COVID-19 in respect of financial crime on the Isle of Man; experiences around public private partnerships; the critical success factors for Isle of Man in ensuring that risks emanating due to money laundering and terrorist financing are minimised in a sustainable manner; and ongoing expectations from reporting entities.

This episode of "Fridays with Fintelekt" features a conversation between Shirish Pathak, Managing Director, Fintelekt Advisory Services and Ian Pemberton, Criminal Intelligence Officer, INTERPOL, on the challenges for policing agencies due to the recent surge in fraud and cybercrime; trends on professional money laundering; critical success factors for public private partnerships; how banks should improve the quality of reporting on terror financing in a way that it is useful for law enforcement agencies to investigate better.

This edition of "Fridays with Fintelekt" features a conversation on Modern Slavery, between Shirish Pathak, Managing Director, Fintelekt Advisory Services (https://www.fintelekt.com) and Matt Friedman, CEO, The Mekong Club (https://www.themekongclub.org) on the most challenging aspects of working in the area of countering modern slavery; changes required in the perception of bank compliance officers to detect suspicious transactions and better preparing banks to implement red flag indicators or conduct due diligence more effectively; the nexus between criminals, politicians and the police; and advice to compliance teams on tangible steps they should take to help stop modern slavery.

This edition of "Fridays with Fintelekt" features a conversation between Shirish Pathak, Managing Director, Fintelekt Advisory Services (https://www.fintelekt.com) and Dr Elena Scherschneva, Independent Expert (https://www.scherschneva.at) & Former Head of Austria FIU, on the most effective regulatory parts of the Anti-Money Laundering Directive; the priority areas that banks and financial institutions need to address to make their AML/CFT programmes more effective; pointers to improve the quality of suspicious transaction reports; the importance of financial information sharing and public private partnerships; and advice to AML/CFT compliance officers to become more successful in their careers.