Author: Nicola Sharp 7 October 2020
Rahman Ravelli’s Nicola Sharp told Thomson Reuters’ Regulatory Intelligence that any person or company connected to those mentioned in the FinCEN Files needs to be carrying out reviews of their transactions.
She also emphasised that they also need to be investigating why it was that no concerns were identified at the time. Such an investigation may, she warned, be of value if a company or individual is ever asked to explain their actions.
The huge leaks of information in the FinCEN Files have prompted the need for many to conduct customer risk reviews. The thousands of leaked documents detailing banks’ suspicions of money laundering have revealed the extent to which huge sums have been moved internationally with little or no scrutiny.
Nicola's comments can be read here.
Nicola is known for her fraud, civil recovery and business crime expertise, her experience of leading the largest financial disputes and multinational investigations and her skills in devising preventative measures and conducting internal investigations for corporates.