Course Duration: 23 minutes
Course Points: 20
In this episode of Fridays with Fintelekt, Shirish Pathak, Managing Director, Fintelekt Advisory Services is in conversation with Isabella Chase, Research Fellow at Centre for Financial Crime and Security Studies (CFCS), Royal United Services Institute.
Isabella speaks about the motivation behind RUSI’s latest research on understanding and evaluating the impact of the FATF framework on financial inclusion, and how the pandemic triggered a fresh urgency to understand the barriers to financial inclusion as governments around the world rushed to get disbursement and support payments to their populations. The risk-based approach allows for identification of low-risk scenarios and a proportionate application of due diligence controls, but in practice, there are several challenges to achieving the balance between robust financial crime controls with financial inclusion objectives.
The conversation continues on to the January 2020 AML regulations introduced in the UK and their impact on the high-value art world, the roller coaster of Non-Fungible Tokens (NFTs) and the similarities in risk characteristics with the early days of cryptocurrencies.
Watch this course until the end for Isabella’s choice of the top three areas that need immediate global attention in the fight against financial crime!