About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Briefs

AML Specialist SmartSearch Slams FinCen Leak

Subscribe to our newsletter

John Dobson, CEO at AML experts SmartSearch, has expressed outrage at the revelations contained in the FinCEN files of criminal cash being moved around by the world’s biggest financial institutions, including the UK’s HSBC. “This is nothing short of a betrayal for all those thousands of businesses doing their bit in the global fight against money laundering and financial fraud,” he said.

“If these documents can be believed, one of the world’s biggest banks has effectively turned a blind eye and enabled criminals to take full advantage. These revelations couldn’t have come at a worse time of course, with so many businesses reeling from the ongoing affects of the Covid 19 pandemic, and the extra security threats that has created. Events like these are hugely damaging for the banks involved but also for all the other banks who are trying to stamp out money laundering, and it cannot go unpunished.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: How to develop a reporting framework for ESG disclosure regulation

ESG reporting is a challenge and additional burden for many financial institutions as regulations continue to evolve, ESG data management is complex, and global standards remain elusive. Helpful solutions include reporting frameworks that support the collection, understanding, and management of ESG data for disclosure. This webinar will provide practical guidance on how to build a...

BLOG

AI Everywhere at A-Team Group’s RegTech Summit (NYC) 2025

Artificial intelligence was the recurring theme this year’s A-Team Group RegTech Summit in New York. Across conversations on AI governance, agentic workflows, crypto compliance, surveillance, AML transformation and regulatory reporting, a single theme cut through: AI is becoming embedded in the regulatory fabric of financial services, but its adoption must remain grounded, explainable, and anchored...

EVENT

Data Management Summit New York City

Now in its 15th year the Data Management Summit NYC brings together the North American data management community to explore how data strategy is evolving to drive business outcomes and speed to market in changing times.

GUIDE

Regulatory Data Handbook 2025 – Thirteenth Edition

Welcome to the thirteenth edition of A-Team Group’s Regulatory Data Handbook, a unique and practical guide to capital markets regulation, regulatory change, and the data and data management requirements of compliance across Europe, the UK, US and Asia-Pacific. This year’s edition lands at a moment of accelerating regulatory divergence and intensifying data focused supervision. Inside,...