Rot at the top: FinCEN lights on corrupt foreign PEPs

Denis O’Connor is a Fellow of both the Institute of Chartered Accountants in England & Wales and the Chartered Institute of Securities and Investment. He was a member of the British Bankers’ Association Money Laundering Committee from 2003-10 and a member of the Joint Money Laundering Steering Group’s Board and Editorial Panel between 2010 and 2016. He has been a frequent speaker at industry conferences on financial crime issues, both in the UK and abroad.

Financial crime staff would do well to review the recent Advisory from the US Financial Crime Enforcement Network (FinCEN) on human rights abuses enabled by corrupt foreign Politically Exposed Persons (PEPs) and their professional facilitators [1], says Denis O’Connor.