Evidence of Corruption Found in Spanish Degrees

Last Monday, Spanish Judge Carmen Rodríguez-Medel found evidence that the new leader of Spain’s opposition party, the conservative Partido Popular (People’s Party, “PP”), Pablo Casado, received a master’s degree in regional public law from Universidad Rey Juan Carlos in 2009 under questionable circumstances. Earlier last week, a student at the university who had a file traced to Casado admitted that …

Social Media Screening

As businesses scan the social media profiles of both prospective and current employees, companies are increasingly turning to partnerships with screening providers to avoid undesirable associations and mitigate headline risk. Leveraging a third party with expertise in comprehensively scanning profiles can not only help businesses identify red flags, but it can also reveal employees divulging sensitive company information. Moreover, turning …

Cryptocurrency Compliance

The United States Securities and Exchange Commission recently raised concerns about cryptocurrencies. Notably, in recent months, the SEC’s division of internal management sponsors to refrain from initiating registrations for funds investing in cryptocurrencies and related products, due to concerns about how such funds could comply with laws and regulations. Fiduciary Duties In particular, the internal management division noted the opportunity …

Billions in Illicit Cash Reportedly Entered Peru’s Financial System

According to a Peruvian investigative journalism news source, more than USD 2.2 billion linked to suspected criminal activities has entered Peru’s financial system since 1998 through clients with alleged ties to corruption, drug trafficking, illegal gold mining, and tax evasion. Two of the country’s largest banks reportedly did no respond to questions regarding their client acceptance process, referring to financial …

Knowing Your Customer in 2018

Data, technology and automation have transformed the modern compliance program during a time in which financial institutions are confronted with greater complexity than before. Emerging risk categories, including narrative sanctions, beneficial ownership, and crypto currencies, and fintechs present financial institutions with increasingly difficult challenges to confront. Narrative Sanctions Historically, government sanction bodies provided the industry with a set list of  …

Vcheck Global Announces Launch of Advanced AI to Scan Social Media Data in Connection with Background Checks and Due Diligence

VCheck Global, a leading provider of business to business due diligence background checks, has launched its new application to utilize advanced AI to scan social media data. The Company is offering this solution for corporate clients and financial institutions to gather and review an individual’s entire online identity which will generate an easy to read report based upon pre-set criteria …