TrustSphere
 

Mule herding is not an incidental feature of fraud; it is the logistics industry that makes fraud pay. Every authorised push payment scam, every...

The most expensive mistake in financial crime vendor selection happens after the RFP closes. A shortlist of three to five vendors is selected, each...

The Economic Crime (Anti-Money Laundering) Levy has quietly become a much bigger bill for the largest AML-regulated entities, and TrustSphere's view...

The FATF's fifth round of mutual evaluations is often described as a methodology refresh. TrustSphere's view is that this undersells it badly: the...

A great deal of vendor commentary over the past year has told financial crime teams that their AML and fraud detection systems will become "high-risk...

Refinitiv (the LSEG successor to Thomson Reuters financial data operations) occupies an unusual position in sanctions compliance: it is neither a...

A bustling urban market serving as a gateway for business expansion. Expanding into new markets can be one of the most exhilarating steps a business can take. Not only does it offer new opportunities, but it also poses a range of challenges. With the globalization of commerce, many businesses seek to broaden their horizons beyond their national boundaries. Whether you are a startup or an established brand, understanding the basics of market expansion is essential for reaching

In today's digital age, fraud has escalated to unprecedented levels, impacting businesses and individuals alike. As technology evolves,...

Expanding your business globally can be one of the most rewarding yet challenging endeavors you will face. As markets become more...

A quiet legislative milestone in Hong Kong this month may prove to be one of the most transformative anti-financial crime initiatives in...

Hong Kong has long been a titan in global finance, but its latest moves signal a seismic shift toward embracing the digital future. In...

The Wolfsberg Group's 2026 refresh of its core principles signals the most substantive evolution in correspondent banking guidance in several years. The update consolidates lessons from recent enforcement actions, recognises the operational reality of cross-border payment modernisation, and pushes member banks toward more risk-sensitive, data-driven due diligence. The implications extend well beyond the thirteen Wolfsberg members. Because non-member banks typically adopt Wolf

The sanctions designation of Tornado Cash was supposed to be a turning point in the fight against on-chain money laundering. In practice, it accelerated the diversification of obfuscation techniques rather than eliminating them. The mixer ecosystem of 2026 looks materially different from that of 2022, and compliance teams need an updated mental model. Criminals have adapted in four directions: decentralised alternatives, cross-chain bridges, privacy-preserving layer-2 protoco

The collapse of NFT trading volumes from their 2021 peak has produced the mistaken impression that NFTs are no longer a material AML concern. In reality, the typology has matured, diversified into gaming platforms and in-app economies, and continues to attract criminal proceeds at meaningful scale. Regulatory frameworks in most jurisdictions lag the sophistication of these laundering techniques. For compliance teams at financial institutions, platforms and regulators, the gap

The Economic Crime and Corporate Transparency Act has now been in force long enough to assess its real-world impact. The reforms to Companies House, the failure-to-prevent fraud offence, and the expanded identity verification requirements represented the UK's most ambitious anti-economic-crime reform package in decades. Two years on, the picture is mixed. Transparency has improved in measurable ways. Enforcement capacity has expanded. But structural weaknesses in verification

The first half of 2026 has produced some of the largest sanctions enforcement actions on record. Regulators on both sides of the Atlantic have moved decisively against institutions whose screening controls failed to keep pace with the rapid expansion of sanctions perimeters since 2022. The pattern of failure is remarkably consistent. It is rarely the absence of a screening tool that drives enforcement. It is almost always the quality of the data feeding that tool, the calibra

Hong Kong's Stablecoin Ordinance has moved the territory from permissive experimentation to one of the world's most detailed regulatory regimes for fiat-referenced stablecoin issuance. The HKMA now licenses issuers, sets reserve and redemption standards, and imposes direct financial crime obligations on a new class of regulated entity. For global banks, payment providers and fintechs with Asia-Pacific operations, the ordinance is not merely a local compliance exercise. It cre

Handling politically exposed persons in emerging markets remains one of the most nuanced challenges in financial crime compliance. List-based PEP screening tools have become commoditised, yet enforcement actions continue to highlight cases where screening was technically completed but the underlying risk was not meaningfully assessed. The gap is not the technology. The gap is the interpretive judgment that connects a name match to an understanding of the political, legal and

The geopolitical landscape of 2026 has produced a sanctions environment of unprecedented complexity. The sustained and expanded sanctions programmes against Russia following the invasion of Ukraine, the reimposition and tightening of Iran and North Korea sanctions, and the emergence of new designations targeting entities facilitating conflict in other regions have collectively created a dynamic, multi-regime sanctions challenge that stretches the compliance capabilities of ev

The battle against fraud has become a high-stakes race between technology innovators and malicious actors. The rise of advanced digital...