Financial Crime Risk Management (FCRM) in private and public organizations has undergone big changes due to paradigm shifts in business dynamics, emerging threats, regulatory climate and technological advancements. However, in the last few months, the world has been experiencing something unprecedented that has made all other changes somewhat secondary: The Coronavirus (COVID-19). This once-in-a-lifetime phenomenon will change the face of Financial Crime Risk Management (FCRM), compliance and sanctions forever. In this article, I will examine the far-reaching impacts of COVID-19 on financial crime and how private and public organizations can address them.
COVID-19 Pandemic: The financial crime threat for private and public organizations
Latest from Customized news & insights
Marital captivity occurs when a person is trapped in a religious marriage against her/his will because…
Mr. BAS A.S. VAN LEEUWEN, LLM, ESQ., attorney-at-law and founder of VAN LEEUWEN LAW FIRM, visited…
Do you own a small company and are you in need of a relatively small loan…
If you have a business in the Netherlands and employ no more than 250 workers (you…
The Business loan guarantee scheme (Garantie Ondernemingsfinanciering, GO) makes it easier for large and medium-sized companies…