Awards

Sigma Ratings named in the Chartis RiskTech100®

History of Anti-Money Laundering Laws

As the Biden administration prioritizes the recently enacted Anti-Money Laundering Act of 2020 (2020 AMLA), the [..]

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  • AML
  • 02/10/2021

What is OSINT and how is it used for investigations?

As the Internet has come to play an increasingly central role in people’s lives across the globe, the [..]

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Sigma Ratings Adds Former Citigroup Risk Executive to its Board

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The Smallest Country You've Never Heard Of

8 miles off the coast of Britain lies the Principality of Sealand, the world’s smallest self-proclaimed state. [..]

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Afghanistan and the March of Time

I served as the U.S. Treasury Department’s Financial Attache to Afghanistan during the eighth, ninth and tenth [..]

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The €6,500 billion Grand Duchy

€6,500 billion. It is the amount of assets managed by sometimes secretive investment funds in Luxembourg, the [..]

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Kabul via Khartoum

This week, as the Afghan peace deal went into effect, which includes the potential removal of economic [..]

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Reflections & Predictions

What you should be paying attention to in 2021:

For ease of reading, we divide predictions between highly [..]

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Pandora's Box

This week, the world was rocked by revelations from the Pandora Papers, the largest leak of records from tax [..]

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  • AML
  • 04/08/2021

The Role of International NGOs in the Fight Against Financial Crime

At first glance, one may not think that NGOs are big players in the anti-money laundering (AML) space. One may [..]

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AML Investigations - How the Game is Changing in 2021

With estimates of up to $2 trillion being laundered through the global financial system and only 1% being [..]

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The World [Is Not Enough]

Every day, millions of articles are published to the Internet across multiple platforms, languages and focal [..]

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The Three Silos of Defense

With the SEC whistleblower program setting new records in 2020 and with a renewed focus on whistleblowers as a [..]

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Governance Risk For Banks: Joint Research with Fitch Ratings

The co-authored report titled “Governance Risk for Banks: Drawing on Experience and External Expertise to [..]

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From the Balance Sheet to the Value Sheet

This week, the World Economic Forum kicked off its annual summit with the theme of "A Crucial Year to Rebuild [..]

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Memes & Dreams

The world has changed.  

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FinCEN Fires Shot Across Bow of US Firms and Financial Institutions

This advisory is suited for executive management, board of directors, risk and compliance executives and the [..]

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Take The Drama Out

During a recent industry workshop, several leading institutions, including Goldman Sachs, HSBC and Citi, among [..]

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The Man Behind the Curtain

This week, the WSJ rightly highlighted that the biggest impediment to the U.S. Treasury’s plans to implement a [..]

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Fitch Group Invests in Sigma Ratings

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Level 1 vs Level 2 Investigations

“Two heads are better than one”, as the old saying goes. However, in anti-money laundering and risk review, [..]

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5 Years Ago...

This week, the International Consortium of Investigative Journalists (ICIJ) marked the 5th anniversary of the [..]

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Gabrielle Haddad named in Women In Fintech Powerlist 2020

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The Bulgarian Banksy

Last month, the U.S. State Department and U.S. The Treasury Department sanctioned Vassil Bojkov, a well-known [..]

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FT Feature: Fitch invests in AI start-up to improve bank misconduct detection

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Fire & Ice

This week, the outgoing U.S. administration has continued its “aggressive use of sanctions” with a flurry of [..]

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Getting On Board

Over the last decade, gender diversity on corporate boards has become one of the most talked about trends and [..]

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Improved Filters for the Modern Investigator

We are excited to announce a number of new features that are purpose built for the modern investigator as we [..]

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Survey Says

Last month, David Lewis, the executive secretary of the Financial Action Task Force (FATF), called for a change [..]

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Canary in the [Gold] Mine

This week, Monzo, an early fintech unicorn, disclosed in its annual report that it is facing a potential civil [..]

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New FinCEN recommendations on environmental crimes

Last week, the U.S. Treasury Department’s anti-money laundering watchdog, the Financial Crimes Enforcement [..]

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Rather Grim

It is that time of the year when Transparency International puts out its latest country ratings around the [..]

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COVID-19: How to Set Up Your Compliance Function During Crisis

COVID-19’s rise has created significant shocks to the global financial and economic landscape. On April 9, [..]

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Seamless Access to Global Risk News and Insights

We are excited to announce a host of new features that significantly improve the experience and ease of use for [..]

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The e-New Normal

This week, the Financial Action Task Force (FATF), a global AML/CFT watchdog founded by the G7, published its [..]

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Owning Up

Last week, Reuters reported that “as the Biden administration pushes ahead with an effort to combat global [..]

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Putting You On Notice

Corruption and money laundering go hand-in-hand.  

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The Coming Storm!

This week, German digital bank N26, the country’s highest valued start-up, was fined $5M for AML failings by [..]

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A More Powerful User Experience

We are delighted to announce the release of our upgraded Sigma Open Search capabilities. This release is the [..]

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Too Big To Fail...Small Enough To Jail

The Association of Certified Anti-Money Laundering Specialists (ACAMS) released the ‘ACAMS Compliance [..]

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Sigma's Guide to AML Investigations

As the world’s complexity increases, financial systems are changing rapidly, regulations are developing across [..]

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Sanctions Flex

This week, the United States, EU, UK and Canada announced coordinated sanctions against key Chinese officials [..]

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Rome Wasn't Built In A Day

This week, as the United States’ Senate held the confirmation hearings on presidential nominations, Janet [..]

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Out of the Shadows

Earlier this week, cryptocurrency found itself at the center of a heated U.S. Congressional debate over the [..]

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No Representation Without Taxation

This week, the Tax Justice Network, a “group funded by donations and campaigning for transparency,” released the

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Sigma Ratings Wins ‘Best Data Analysis Tool’ Award at 2020 Benzinga Global Fintech Awards

Firm Recognized for Its Revolutionary Cloud-Based Data Intelligence Platform and Customizable Entity Risk [..]

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The Financial Action [Tech] Force

Last week, following its latest plenary, the Financial Action Task Force (FATF), the global AML watchdog, [..]

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  • AML
  • 07/01/2021

Trade-Based Money Laundering

One might imagine the surprise a Customs Official has when viewing an invoice for toilet paper imported from [..]

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A Digital Goldmine!

This week, the European Central Bank, in its push for supervisory technology, stated that “national bank [..]

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From "Trade War" to "Tech War" and Back Again

Last week, the U.S. Department of Commerce announced it added 7 Chinese companies in the supercomputer space to [..]

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Politically Exposed Person

So, an ex-banker’s wife walks into a British department store…

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State of the Unit

This month, a new report titled the ‘True Cost of Financial Crime Compliance Global Report’ revealed that [..]

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The Culture War

This week, the Association of Certified Anti-Money Laundering Specialists (ACAMS) released a report outlining [..]

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A Universal Downgrade

This week, the Basel Institute on Governance published the 10th annual edition of the Basel AML Index for 2021, [..]

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When The Feds Come Knocking

This week, media reports alleged that both the U.S. Department of Justice and the FBI were investigating Danske [..]

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Fitch Ratings Chooses Sigma Ratings’ Monitoring Solution

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ESG: Enabling Solid Governance

Last week, Reuters reported that investor groups have asked for more ESG disclosures from the US Securities and [..]

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New Rules, Old Goods

This week, the OCCRP reported that an “owner of a swanky Manhattan art gallery, who sold ancient artifacts to [..]

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Heightened Scrutiny on Broker Dealer Compliance Following Court Ruling and Regulatory Action

Last week, the U.S. Supreme Court rejected a petition for review from Alpine Securities in its bid to argue [..]

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It’s Not Me, It’s €.U

This month, the European Union revealed its plan to set up a new agency, the Anti-Money Laundering Authority [..]

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The End of Intuition: The Value of Independent Validation

Sigma asked executives at asset management firms and large financial institutions how they make investment [..]

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Never Again.

Today, we mark the 20th anniversary of September 11th, 2001. With 33.2% of the world’s population under the age [..]

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The Return of the Czar

This week, the FT reported that the Department of Justice (DOJ) is preparing to launch a crackdown on corporate [..]

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Getting The Priorities Straight

This week, the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) released the inaugural national [..]

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Take the Drama Out of Periodic Reviews With Perpetual Relationship Monitoring

The traditional approach to client reviews for KYC and AML purposes has been to invest in teams of people who [..]

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Heightened Scrutiny On Prime Brokers Following KYC Failure at Archegos

This week, Credit Suisse announced it will exit the hedge fund business as the Swiss bank looks to revamp [..]

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Sigma Ratings named in the Chartis RiskTech100®

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  • AML
  • 02/24/2021

Shell Companies

For years shell companies have been at the heart of both legitimate business activity and money laundering [..]

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How Compliance Professionals Should Be Thinking About Afghanistan

From a financial crime perspective, financial institutions, fintechs, and others should proactively seek to [..]

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  • AML
  • 12/01/2020

AML Act 2020

Sigma Ratings has reviewed the history of anti-money laundering legislation in the United States and [..]

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Navigating Risk in Crisis Virtual Compliance Round Table

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The New Frontier: Modernizing Sanctions in a New Geopolitical Stage

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KYI - Know Your Influencer

Last month, the Council on Foreign Relations reported that an arrest warrant issued by U.S. law enforcement for [..]

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Product Update: December 9th, 2020

Sigma releases API to detect and score financial crime risk at scale

Hello Sigma network!

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A Digital Cold War: Dual Use & The New Frontier

Last month, the announcement of Germany’s arrest of a businessman suspected of purchasing “sophisticated [..]

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Reimagining Normal: ESG Priorities Post COVID-19

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Product Update - More Clarity, Transparency and Efficiency!

Today, we are releasing the following updates to improve the clarity of our insights, transparency of results [..]

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A New Regime

This week, from the U.S sanctions against SUEX OTC, the first time the Treasury Department has sanctioned a [..]

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  • AML
  • 06/29/2021

What Is an AML Analyst?

An alert in a bank’s transaction monitoring system notifies that there is a large amount of money being [..]

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Unparalleled Global Coverage and Configurability

In addition to unrivaled coverage and configurability, Sigma News is now further aligned to recent FATF, [..]

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Product Update: September 30, 2020

Sigma expands Address Risk coverage, releases new matching algorithm and improves search speed by 5x

Hello [..]

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FIMBank p.l.c.’s Rating Upgraded to ‘BBB+’ with Neutral Outlook

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Ultimate Beneficial Owner (UBO)

The concept of “Ultimate Beneficial Owner” (or UBO) is a critically important one in corporate law and [..]

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The FinCEN Files: Address Risk

With the release of the FinCEN Files, what was a common denominator related to an international money [..]

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Shifting The Burden

This week, both the United States House of Representatives and Senate, through the “must-pass” annual defense [..]
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Where Do We Go From Here?

This week, with the world’s eyes on Kabul, the Group of 7 announced that they agreed on a plan to deal with the [..]

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Governance Gains Ground

Over the last 8 months, the pandemic has brought significant uncertainty in global markets and in short and [..]

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Suspicious Activity Reports (SARs)

A Suspicious Activity Report (SAR) is a report made by a regulated institution in a variety of finance-related [..]

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Embracing A New Era of Transparency

The leak and subsequent investigation of the FinCEN Files hit the financial services industry hard this past [..]

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Baltic International Bank SE’s Rating Affirmed at ‘BBB+’ with Neutral Outlook

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EU Export Control Modernization

Throughout the last few years, export controls have taken heretofore unseen prominence in news media headlines. [..]

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ACFCS - Fincrime Virtual Week August 3-7, 2020

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From Macro to Micro

This week, global firms find themselves in the crosshairs of increasing geopolitical tensions between the [..]

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Broker Dealer Compliance: Preparing for 2022

In October 2021, the Financial Industry Regulatory Authority (FINRA) published Regulatory Notice 21-36 to [..]

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FinCEN Files: SARs

Among the startling findings in the FinCEN files were details on the time it took financial institutions to [..]

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It All Came Crumbling Down

This week, the share price of Wirecard fell more than 60%, less than 2 years after its debut on the prestigious [..]

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More With Less

Sigma Ratings is thrilled to have been named the Best Data Analysis Tool at the 6th Annual Benzinga Global [..]

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The United Nations of (Money Laundering)

In the wake of the FinCEN Files , lawmakers and regulators around the world have reacted to the unprecedented [..]

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Extended Sanctions Risk

Not everybody has a glass-half-full kind of mentality, but when it comes to ownership by sanctioned entities, [..]

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Global News Coverage

What if you need the latest about business developments in Mongolia or better continuous monitoring of an [..]

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  • AML
  • 02/04/2021

Challenges of OSINT

Open-source Intelligence (OSINT) is an incredibly powerful tool for both the public and private sectors alike. [..]

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A Pandemic of Corruption

Last week, following weeks of investigative reporting, The Washington Post compiled their various [..]

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FinTech Week

In recent years, the term “FinTech” has been swirling around media reports and economic discourse with [..]

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HS Codes and Trade-Based Money Laundering

Previously, we have discussed the large, though often overlooked, role that trade-based money laundering (TBML) [..]

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New AML Requirements for Art and Antiquities Dealers

The AML Act of 2020 is placing new regulatory requirements on art and antiquities dealers with revisions to [..]

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Sigma Ratings is named in the Global AIFinTech100

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Not So Cooperative!

This week, the Council of the European Union published its latest EU list of non-cooperative jurisdictions for [..]

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Dirt Strings

While perhaps not having the most pleasant-sounding of names, “dirt strings” are a critical tool in financial [..]

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ESG’s Next Frontier

Compliance is Missing from the Equation

More than $22 trillion assets are now invested according to ESG [..]

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Error: This Person Does Not Exist

First Fake News, Now Fake People

Alexa Altos operates a web design firm in California, has a number of [..]

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Stronger Together!

After senior careers in the U.S. Treasury Department and in law and development finance, we founded Sigma in [..]

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Do I Really Know You?

Last week, we reported on the newly released 2020 Basel AML Index and the importance of a more dynamic [..]

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Cruising Along... But For How Long?

This week, France, following similar moves by Poland and Denmark,  announced that companies that base their [..]

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Using Soccer to Explain Country Risk Mapping

Not to be outdone by Goldman Sachs’ AI-generated World Cup predictions (spoiler alert: Goldman Sachs predicts [..]

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Watch Out!

This week, the WSJ reported that trade sanctions were placed on dozens of Chinese firms in the last week. [..]

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300+ Million Pages

This week, Greece’s anti-corruption prosecutor, Eleni Touloupaki, confirmed to the OCCRP that her home was [..]

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The Search for an Updated Wolfsberg Questionnaire

On pushing forward broader adoption

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What the experts are saying about the value of Sigma Ratings

Q & A with Mark Batts

Former Managing Director, Financial Institutions Group Head of Enhanced Due Diligence [..]

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De-Listed

This week, the United States agreed to remove Sudan from its terror blacklist on the condition that the [..]

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Remote Controls

This week, the Wall Street Journal reported that many companies are experiencing “new risks or that existing [..]

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Banking in Antarctica

Mapping financial networks to the edge of the world.

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Norvik Banka Achieves BB+ Business Integrity Rating

Norvik Banka Achieves BB+ Business Integrity Rating  

Sigma Ratings Inc. announces its first-ever Sigma Rating [..]

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The Blockchain of 2020

Early in the pandemic, the FT, in response to the UK regulator sanctioning a digital KYC process, highlighted [..]

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It Takes Two

This week, the United States, in coordination with Panama, announced the formation of a new task force that [..]

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What's Wrong With This Picture?

Last week, the Basel Institute on Governance released its 2020 edition of the Basel AML Index. And what a [..]

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  • AML
  • 11/11/2021

Country Risk

While KYC stands for “Know Your Customer” and is at the heart of AML efforts, for compliance teams it can be [..]

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Get on Board

Last week, the International Journal of Finance and Economics published a study that appears to indicate that [..]

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What Does Transparency Look Like?

Transparency Does Not Need to Be Hard 

 “To achieve an equitable, inclusive, and more prosperous future for [..]

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New Ratings Firm Measures Banks’ Financial-Crime Vulnerability

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PPPerpetual Fraud

This week, reports emerged that JPMorgan, in an internal memo, stated they’re investigating their own employees [..]

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Holding Corporations (and Sovereigns) to Account

Why Sigma Ratings?

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72% De-Risk vs. Manage Risk

A problem with few solutions

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The Data Problem

According to KPMG, 1 in 3 business leaders don’t trust the information they use to make decisions. How can you [..]

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Sigma Middle East Poll Follow Up

Many of you were so kind as to fill out our poll on risk in the Middle East . As you’ll see below, perception [..]

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Scoping LEI Data Availability

In 2014 the Financial Stability Board (FSB) set up a standardized way to label and find the legal identity of [..]

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Feature Story: World's First 'Integrity Rating' Agency Launched

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Stuart Jones Jr. explores global financial institutions’ perspectives on de-risking and the impact of de-risking on the region’s banking industry

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Sigma Ratings Middle East Poll

Perception vs Data

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Inconvenient Truths

A New Hub for Money Laundering

Last week the Wall Street Journal highlighted a new, burgeoning money laundering [..]

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Sigma Ratings Releases Breakthrough Features to Become the World's Most Comprehensive AI-Powered Business Risk Intelligence Platform

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Sigma to Present on AI at Parliamentary Intelligence-Security Forum

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Sigma Ratings, the world's first non-credit risk ratings agency, closes $2.4 million Series Seed funding

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Mapping Risk

Nothing is more constant than change.

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Perception & Reality

During recent travel in the Middle East, we met with senior executives at leading banks, exchange houses and [..]

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Predicting ‘19…

In a few weeks, it will be the year of the pig, but I’m not so sure that its going to be that generous.  Much [..]

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Globally Focused Asset Management Firm Rated 'A' with Positive Outlook for its Governance and Control Effectiveness

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Sigma's Gabrielle Haddad Presents at Innovate Finance in London on Future of Regtech

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Stuart Jones, Jr. Presents at NYU's Volatility Conference on the Importance of Non-Credit Risk

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Canada's money laundering problem in the 'hundreds of millions': Financial crimes expert

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Former U.S. Treasury official and compliance executive Robert Werner joins Sigma Ratings

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AI-Driven Ratings Start-Up Brings Transparency To Banks

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Financial institutions in Middle East seem to be lower risk than others: CEO

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Sigma Ratings is featured in August 2018 issue of Euromoney magazine

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Sigma Ratings findings: Gulf countries’ banking transparency on the rise

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Sigma Rating’s emerging market expertise is featured in Brazil’s top newspaper Valor Econômico

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Business Extra podcast: How can we assess risk in a world growing more complex?

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Sigma COO Gabrielle Haddad on Bloomberg Middle East

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