Cyber laundering can occur in two ways:Instrumental cyber laundering When at least one of the three stages of laundering occurs digitally. Online cyberwashing When all three stages occur digitally.in the case of online cyberwashing, the funds that are used to...

By: Jorge Domingo Samayoa Jr. Mobility is now an integral component of daily business, from taking notes in a meeting to conducting online banking transactions is nowadays part of our clients' activities....

By: Giovanni Castellanos Many people believe that every touch point involves a personal interaction, but this is increasingly distant from reality, since with the incorporation of technology into our daily lives, our activity is done through the use of touch points....

By: Jorge Diéguez Risk management in institutions (in the financial or non-financial sector) has long ceased to be an issue related to occupational or financial risks and should now be seen as a strategy for the entire financial sector.

By: Martín Rago In this 3rd Industrial Revolution, the radical change is that we now have algorithms capable of learning by themselves. We are not only witnessing, but are participants in the 3rd industrial revolution. In the 1st one, human power was replaced by...

By: Ilian Vasco This is a summary of the guide published on 9 May by The Financial Crimes Enforcement Network, which many of us have probably seen but have not had time to read. In principle, it does not deal with new regulations, but rather extends the existing ones....

By: Jorge Diéguez Corporate governance is a set of rules and management tools that guide organisations, which must have adequate rules compatible with the characteristics of the company and line of business. The implementation of a corporate...

By: Martín Rago The current generation has the rare privilege of living through the biggest change in human history in the business world, here and now: the industrial revolution based on Machine Learning technology. This is the...

By: Omar Veliz Digitisation has encouraged banking to change its approach and offer the best services available to its customers. The password era has ended with an estimated 7,858,136,197 of these made available on the black market. How do you know if your...

By: José Ruiz Cybercrime is a US$600 million annual industry that is projected to be worth US$6 trillion in damages by 2021 according to The Cybersecurity Hub. One of the most common forms of this type of crime is phishing, a threat that pretends to...

By: Ilian Vasco The increasing volume of digital transactions, the ubiquity of the internet and the possibility of mass application of digital solutions prompted FATF to offer a guide to better understand how individuals are being targeted and how they are being...

By: Ilian Vasco In previous entries, we have discussed the approaches used in different jurisdictions to the treatment of virtual assets. To date, the most popular adoption is a risk-based approach that imposes requirements on the providers of virtual assets....

By: Álvaro Arzayus In addition to health rules (washing hands, social distancing and quarantine), a new rule of this pandemic should be digital hygiene: be vigilant and wary of online attacks and scams, which have grown in recent years....

By: Ilian Vasco With the understanding that current accounts should enable (i) end-users to meet most of their payment needs, (ii) securely store some value and (iii) serve as a gateway to access new services....