Author: Emmanuel Udoye

Whether you are trying to lose weight or improve muscle strength, adding high protein foods can make all the difference, but do you often find it confusing to decide between which is the best protein-rich food to add to the diet? In fact, when it comes to choosing between avocado and eggs as part of a healthy diet, it may seem like a tough task to decide between two of the most protein-rich foods: avocado and eggs. Let’s find out… Which is more nutritious?Avocado is a nutrient-dense fruit high in healthy fats, specifically monounsaturated fats, which are heart-healthy and help…

Country AML Risk Assessments are the foundation for the risk based approach. Whilst many countries have improved in their latest published reported, improvements are still needed. Many countries use the WB model which is a great start, but the model and the outputs from it can be further improved. See below: Country National AML Risk Assessments – 11 Improvements (Based on the WB Model) 1. World Bank ML Risk Assessment Model – The model is a very useful tool for countries to assess ML threats and vulnerabilities, but it can still be improved, as well as used more effectively. For more details see call outs…

After taking a massive tumble in February, crypto markets rallied on Sunday following Donald Trump’s announcement that he would create a national crypto strategic reserve. Trump wrote on Truth Social that a working group would “move forward” on facilitating the strategic federal purchases of Bitcoin, Ethereum, and three other smaller cryptocurrencies. The announcement comes ahead of the White House’s first cryptocurrency summit on March 7, and builds on Trump’s fixation on crypto over the past year, which has included a crypto venture, a “crypto czar” position in the White House, and a TRUMP meme coin which has fallen in price from $70 to $13 within a month and a…

AML and Sanctions related Major fines (exceeding US$10 million) reached US$45.679 billion for the 21st Century (2000 – end 2024). 85 AML related fines generated US$27.886 billion and 26 sanctions related cases generated US$17.793 billion. 2024 was a bumper year for the value of AML fines (US$3.3 Billion from 8 cases) whereas 2023 saw only one major fine (US$186 million). AML related fines are also on the increase as more countries come under pressure to impose fines and for fines to be ever larger. Sanctions enforcement is up outside of the US, with the EU, UK and Switterland becoming more active. Whilst…

Scams made the front cover of the Economist’s Feb 8, 2025 edition titled “Scam Inc”. It claims, “every year US$500bn is stolen in online scams” and now it “rivals the international drugs trade”. The source is an “expert in Chinese organised crime who was a police officer in Hong Kong for 11 years. That puts scamming on a par with the illegal drugs trade as one of the world’s biggest illicit industries”. The source named in the piece is well credentialed but he left the HK Police in 1999. Is the Economists claim that online scams or on a par…

Two Reports have been published recently on Payment Fraud across the EU/EEA with data for 29 countries from the ECB & EBA. They provide key insights and also can be used to compare where EU/EEA countries are compared with some other important third countries, like Australia, the UK & USA. They also help provide estimates as to which countries can be considered payment fraud hotspots and to suggest what action can be taken to improve the response including mandatory fraud information sharing. Both these reports show the importance of identifying, collecting, analysing and reporting on relevant data for probably the…

Bank of America (BoA) has been slapped with a Cease and Desist Order by the OCC requiring that it must do better and quickly. BoA has one of the best reputations and perceived as one of the leaders in the industry in AML/CTF. Whilst rumours of pending regulatory action and remedial action long underway at BoA has been circulating for some time, not least with the onboarding of significant additional resources, the OCC has now detailed its findings. Whilst the contents of the Order remind the Bank of what’s needed to comply with US BSA and Sanctions Compliance, the levels…

A new report reveals that malicious actors are exploiting APIs in DocuSign to send fake invoices. These invoices appear authentic and leverage legitimate DocuSign accounts to impersonate reputable companies, making this campaign stand apart from other phishing attempts. This method can deceive both users and traditional security measures. John Waller, Cybersecurity Practice Lead at Black Duck, shares his thoughts on the scheme. “What stands out in this scheme is not just the abuse of the API itself, but the specific way attackers are leveraging DocuSign’s API capabilities to send requests that blend seamlessly with typical business operations. By using paid accounts, attackers gain…

Email security trends were analyzed in a recent report by At-Bay. One finding from the report shows that email incidents increased in the U.S. in 2023, with the frequency of email claims jumping by nearly 25%. Larger companies, with annual revenue greater than $100M, saw the highest overall increase in frequency, experiencing three times more email claims than companies under $25M. The three top most targeted industries for email crime in 2023 and the first half of 2024: Manufacturing, Finance, and Law Firms. Financial fraud was the most common cybercrime committed over email, accounting for three of five email claims in 2023…

The National Automotive Design and Development Council (NADDC) has launched Nigeria into global recognition in the automotive industry. Nigerian youths are being trained in different aspects of vehicle parts production while Nigerian-built vehicles and vehicle parts made in Nigeria are swiftly gaining global respect and patronage. Innovation and international best practices rule in the NADDC. Financial Risk Future Magazine UK spoke with the auto icon driving this revolution in Nigeria’s automotive industry, Mr. Oluwemimo Joseph Osanipin, the erudite Director-General and Chief Executive Officer of the NADDC. What are the NADDC’s current priorities and initiatives to promote the development of the…