A key concern and critical risk for financial institutions (FIs) remains the possibility of unknowingly becoming complicit in money laundering actions where illegitimate money is moved into legitimate institutions. In order to mitigate such risk, FIs have strengthened their internal control systems by increasingly making...
What an extraordinary year! There is much to be said about the year so far and how it has been an unprecedented experience for every person – child and adult, every organisation and business, irrespective of size and sector, and every country around the world! Although...
EIMF is dedicated to making education totally accessible by removing learning obstacles and offering a fully comprehensive eLearning experience. Professionals can enjoy easy access to a global community and attain the highest standards of knowledge or qualifications needed to be successful in their respective fields. EIMF’s approach to online learning focuses on the...
Without a doubt, COVID-19 has had a huge impact on the way we do business. During this pandemic, many physical offices closed, pushing people to work remotely and adopt technologies that, while already in existence, were not predominantly used. And just like the business world,...
Teens and Young Learners Join the EIMF Family This Summer Through an inspiring Programming Live-Online Course, 13–17 year olds are offered the opportunity to spend an exciting few week this summer, learning coding and enhancing their computer literacy. The 2-week camp may even prove to be...
According to the European Anti-Fraud Office, fraud is considered to be ‘a deliberate act of deception intended for personal gain or to cause a loss to another party’. Fraudulent practices have existed since ancient times, but, in more recent years these have become more complicated and,...
Corporate Governance is widely accepted to cover how a company is directed and controlled while placing emphasis on the role of a company’s management, its board, its shareholders and other stakeholders and the relationships between these actors. Several codes and papers, along with academic research,...
Corruption is “the abuse of entrusted power for private gain”. It can be classified as grand, petty or political. Grand corruption occurs at a high level of government, through acts that distort policies or the central functioning of the state. These acts enable state leaders to...
Until the latter part of the 20th century, financial crime had a limited scope and was understood to include corruption, bribery, fraud, money laundering (ML), the proceeds of drug trafficking and other serious crimes. The term has expanded to include laundering the proceeds of any...
The imposition of sanctions at the international level in recent years, is considered to be a key component of a revived geopolitical rivalry between the West and the East; one that has had significant adverse effects on many industries and economies. In this new era of...