Sigma Insights

From our experts to yours

  • The Blockchain of 2020
    September 18, 2020 at 10:00 PM

    Early in the pandemic, the FT, in response to the UK regulator sanctioning a digital KYC process, highlighted that “checking new client identities remotely amid the coronavirus lockdown makes financial firms more vulnerable to attempted money laundering, and regulatory guidance to accept ‘selfies’ and emailed documents amounts to ‘a fraudster’s charter’.”

  • PPPerpetual Fraud
    September 11, 2020 at 11:00 PM

    This week, reports emerged that JPMorgan, in an internal memo, stated they’re investigating their own employees for “misusing Paycheck Protection Program loans.”

  • Watch Out!
    September 4, 2020 at 11:00 PM

    This week, the WSJ reported that trade sanctions were placed on dozens of Chinese firms in the last week. While the term ‘sanctioned’ might be construed as a prohibition on dealing with the entity in its entirety, the reality is more nuanced.

  • 300+ Million Pages
    August 29, 2020 at 3:00 AM

    This week, Greece’s anti-corruption prosecutor, Eleni Touloupaki, confirmed to the OCCRP that her home was burglarized in what she consid...

  • It Takes Two
    August 21, 2020 at 10:00 PM

    This week, the United States, in coordination with Panama, announced the formation of a new task force that will tackle financial crime in the Central American nation, and brings together prosecutors, regulators and law enforcement.

  • Get on Board
    August 14, 2020 at 10:30 PM

    Last week, the International Journal of Finance and Economics published a study that appears to indicate that financial crime enforcement actions are correlated with an increase in bank risk on several measures of risk.

  • Do I Really Know You?
    August 7, 2020 at 1:00 PM

    Last week, we reported on the newly released 2020 Basel AML Index and the importance of a more dynamic approach to country risk ratings, and risk in general. In Malta, which finds itself in the spotlight again this week in connection with the ongoing Wirecard scandal...

  • What's Wrong With This Picture?
    July 31, 2020 at 11:00 PM

    Last week, the Basel Institute on Governance released its 2020 edition of the Basel AML Index. And what a surprise it was to discover that the country identified as having the lowest risk of money laundering was Estonia...

  • From Macro to Micro
    July 24, 2020 at 10:00 PM

    This week, global firms find themselves in the crosshairs of increasing geopolitical tensions between the United States and China.

  • On the FBI’s Radar
    July 17, 2020 at 9:30 PM

    This week, according to a leaked intelligence bulletin, the U.S. Federal Bureau of Investigation expressed concern over the money laundering risks in the $10 trillion private equity and hedge funds industry and believe with “high-confidence” ...

  • Why You Should Must Innovate Now
    July 11, 2020 at 3:00 AM

    We talk a lot about innovation and data science at Sigma. An early engineer at the company (frequently) wore a t-shirt that read: “Friends don’t let friends...

  • 123 Main Street
    July 4, 2020 at 2:00 AM

    While ‘123 Main Street’ might seem like an address that gives you pause, there are actually 7,644 locations that bear that address....

  • Where Do We Go Now?
    June 27, 2020 at 3:00 AM

    In the wake of the Wirecard meltdown, if there was ever a time to highlight the importance of understanding and tracking non-financial risk it is now.

  • It All Came Crumbling Down
    June 20, 2020 at 3:00 AM

    This week, the share price of Wirecard fell more than 60%, less than 2 years after its debut on the prestigious Dax index of the country’s 30 leading listed companies. Ironically, at th...

  • State of the €Union
    June 13, 2020 at 3:00 AM

    This week, the European Union announced the establishment of a new unit to combat financial crime amid an economy hampered by the pandemic. Working alongside Europol, the EU’s top law enforcement agency...

  • Where Are We Now?
    June 6, 2020 at 1:00 AM

    The age-old question within compliance functions is whether it’s in their interest to spend time justifying why a case should be mitigated instead of escalating and reporting...

  • 5.4+ Million Hours of Work?
    May 30, 2020 at 1:00 AM

    The burden of investigating, evaluating and filing Suspicious Activity Reports.

  • Switching Lanes
    May 22, 2020 at 12:00 PM

    Technology adoption and the changing environment.

  • The [Gray] List?
    May 15, 2020 at 11:00 PM

    New regulations and the future of the EU money-laundering blacklist.

  • A Pandemic of Corruption
    May 9, 2020 at 3:30 AM

    Last week, following weeks of investigative reporting, The Washington Post compiled their various investigations into a piece called ‘ Read more

  • Cruising Along... But For How Long?
    May 1, 2020 at 9:00 PM

    The cruiseline industry and their battle for bailouts

  • Kabul via Khartoum
    March 6, 2020 at 6:00 PM

    Implications of the Afghan peace deal for global finance 

  • Forecasting 2020
    January 11, 2020 at 12:00 AM

    A look into the year ahead and reviewing prior predictions from years past 

  • A Practical Intro to using Spark-NLP BERT word embeddings
    September 27, 2019 at 9:30 PM

    Leveraging Google’s Bert via Pyspark

  • Death by Whistleblowing
    September 27, 2019 at 6:00 PM

    Former Danske Bank Executive Found Dead

  • The Safest Place In The World
    August 24, 2019 at 4:00 AM

    This week's release of the 2019 Basel AML Index has got us thinking about static country risk models. It's alw...

  • Is your client secretly a crypto exchange?
    August 24, 2019 at 1:30 AM

    Social media is the key to keeping up with the latest crypto developments

  • Nordic Entente Cordiale
    August 9, 2019 at 10:00 PM

    A New Nordic Alliance To Combat Illicit Finance

  • Where Was the Board Before the Scandal?
    March 29, 2019 at 6:30 PM

    Swedbank Board Fires CEO

  • Compliance & Fintech
    March 7, 2019 at 4:00 PM

    Compliance step every fintech firm should be considering right now

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