Sigma Insights

From our experts to yours

  • All In It Together
    November 21, 2020 at 4:00 AM

    In the wake of recent media reporting and annual reaffirmation that the international community catches only a small percentage of estimated global money laundering, FinCEN solicited comments as part of its Read more

  • Sigma Ratings Wins ‘Best Data Analysis Tool’ Award at 2020 Benzinga Global Fintech Awards
    November 17, 2020 at 9:00 AM

    Sigma Ratings has won Best Data Analysis Tool at the 6th Annual Benzinga Global Fintech Awards.

  • More With Less
    November 13, 2020 at 11:00 PM

    Sigma Ratings is thrilled to have been named the Best Data Analysis Tool at the 6th Annual Benzinga Global Fintech Awards this week and “recognized for the change [we] are making in the financial space.”

  • Governance Gains Ground
    November 6, 2020 at 11:00 PM

    Over the last 8 months, the pandemic has brought significant uncertainty in global markets and in short and long term economic outlooks. Yet, despite the general uncertainty, it is predicted that COVID-19 will result in accelerated investing in at least one key industry....

  • Stronger Together!
    October 30, 2020 at 11:00 PM

    After senior careers in the U.S. Treasury Department and in law and development finance, we founded Sigma in 2017 while studying at MIT to bring forward a new, data-driven risk view of companies globally...

  • Fitch Group Invests in Sigma Ratings
    October 29, 2020 at 9:00 AM

    Sigma Ratings announce that Fitch Group, the parent company of Fitch Ratings, as an investor in Sigma alongside FinTech Collective, Contour Ventures, and Barclays plc.

  • De-Listed
    October 23, 2020 at 11:00 PM

    This week, the United States agreed to remove Sudan from its terror blacklist on the condition that the country’s transitional government compensate the victims of the East African U.S. embassy bombings.

  • Remote Controls
    October 17, 2020 at 3:00 AM

    This week, the Wall Street Journal reported that many companies are experiencing “new risks or that existing risks have been exacerbated by the coronavirus.”

  • Not So Cooperative!
    October 9, 2020 at 11:00 PM

    This week, the Council of the European Union published its latest EU list of non-cooperative jurisdictions for tax purposes, with two jurisdictions removed and another two added.

  • The United Nations of (Money Laundering)
    October 2, 2020 at 11:00 PM

    In the wake of the FinCEN Files , lawmakers and regulators around the world have reacted to the unprecedented leaks. Beyond the $2 trillion headlines, the shock to some partly stems from the sheer scale of jurisdictions exposed...

  • Product Update: September 30, 2020
    September 30, 2020 at 7:00 PM

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

  • Embracing A New Era of Transparency
    September 25, 2020 at 11:00 PM

    The leak and subsequent investigation of the FinCEN Files hit the financial services industry hard this past week - resulting in sharp declines in banking shares on Monday and a flurry of leaders calling for reform.

  • FinCEN Files: SARs
    September 23, 2020 at 12:00 PM

    Among the startling findings in the FinCEN files were details on the time it took financial institutions to files SARs with FinCEN. Under regulation, banks are required to file SARs within 30 days of criminal activity being detected (and up to 60 days in some cases).

  • The FinCEN Files: Address Risk
    September 21, 2020 at 1:00 PM

    With the release of the FinCEN Files, what was a common denominator related to an international money laundering network, sanctioned in September 2015, that laundered billions of dollars for the world's biggest drug cartels and armed groups, including the Taliban and al-Qaeda?

  • The Blockchain of 2020
    September 18, 2020 at 10:00 PM

    Early in the pandemic, the FT, in response to the UK regulator sanctioning a digital KYC process, highlighted that “checking new client identities remotely amid the coronavirus lockdown makes financial firms more vulnerable to attempted money laundering, and regulatory guidance to accept ‘selfies’ and emailed documents amounts to ‘a fraudster’s charter’.”

  • PPPerpetual Fraud
    September 11, 2020 at 11:00 PM

    This week, reports emerged that JPMorgan, in an internal memo, stated they’re investigating their own employees for “misusing Paycheck Protection Program loans.”

  • Watch Out!
    September 4, 2020 at 11:00 PM

    This week, the WSJ reported that trade sanctions were placed on dozens of Chinese firms in the last week. While the term ‘sanctioned’ might be construed as a prohibition on dealing with the entity in its entirety, the reality is more nuanced.

  • 300+ Million Pages
    August 29, 2020 at 3:00 AM

    This week, Greece’s anti-corruption prosecutor, Eleni Touloupaki, confirmed to the OCCRP that her home was burglarized in what she consid...

  • It Takes Two
    August 21, 2020 at 10:00 PM

    This week, the United States, in coordination with Panama, announced the formation of a new task force that will tackle financial crime in the Central American nation, and brings together prosecutors, regulators and law enforcement.

  • Get on Board
    August 14, 2020 at 10:30 PM

    Last week, the International Journal of Finance and Economics published a study that appears to indicate that financial crime enforcement actions are correlated with an increase in bank risk on several measures of risk.

  • Do I Really Know You?
    August 7, 2020 at 1:00 PM

    Last week, we reported on the newly released 2020 Basel AML Index and the importance of a more dynamic approach to country risk ratings, and risk in general. In Malta, which finds itself in the spotlight again this week in connection with the ongoing Wirecard scandal...

  • What's Wrong With This Picture?
    July 31, 2020 at 11:00 PM

    Last week, the Basel Institute on Governance released its 2020 edition of the Basel AML Index. And what a surprise it was to discover that the country identified as having the lowest risk of money laundering was Estonia...

  • From Macro to Micro
    July 24, 2020 at 10:00 PM

    This week, global firms find themselves in the crosshairs of increasing geopolitical tensions between the United States and China.

  • It All Came Crumbling Down
    June 20, 2020 at 3:00 AM

    This week, the share price of Wirecard fell more than 60%, less than 2 years after its debut on the prestigious Dax index of the country’s 30 leading listed companies. Ironically, at th...

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