Learning and Risk Management Videos

Compliance at Your Fingertips: One-Click Sanctions Compliance
In The News
Are you worried about business risks posed by global sanctions and anti-money laundering regulations? ThreatSTOP has partnered with FiveBy, a leading Risk Intelligence and Fraud consultancy with a team of sanctions experts, to offer an automated, customizable Office of Foreign Assets Control (OFAC) compliance enforcement solution that can be easily integrated into your existing network …
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FiveBy and Worldline Offer Solutions to Reduce Global E-Commerce Payment Fraud
In The News
Seattle, WA Globally, digital commerce fraud is expected to surpass $48 billion in 2023.  According to a recent report, every one dollar in fraud experienced by a company will cost that company $3 in recovery and expenses. In addition, the speed with which fraud is mutating to evade detection is alarming many companies engaged in …
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Advisory: China’s Pharmaceutical Industry Brings Fentanyl Risks
Compliance and Due Diligence
US companies transacting with chemical and pharmaceutical firms in China must conduct thorough due diligence research on their Chinese counterparts to mitigate the risk of unknowingly engaging with an entity involved in the production of fentanyl or its precursor chemicals. The White House has made combatting fentanyl a major priority, citing the dangers of illicit …
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Alert: The Importance of Self-Disclosure
Compliance and Due Diligence
This week’s regulatory compliance note—a tri-seal effort between the Commerce Department’s Bureau of Industry and Security (BIS), the Justice Department, and OFAC—summarized the procedures for voluntary self disclosure of potential violations of sanctions and export controls. The note also highlighted that disclosures can result in significant mitigation of civil or criminal liabilities, while also helping …
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Alert: US Government Issues Gold Advisory
Compliance and Due Diligence
The US State, Treasury, Commerce, Homeland Security, and Labor Departments, along with the United States Agency for International Development (USAID), today issued an advisory to warn US persons and companies about the involvement of illicit actors in the gold trade in sub-Saharan Africa. Issued in coordination with sanctions against four companies linked to US-designated Russian …
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OCCRP: FiveBy Director Quoted in Rotenberg Files Reporting
In The News
The Organized Crime and Corruption Reporting Project (OCCRP), along with partners in the United States, the UK, and others, today published its first series of articles on the Rotenberg Brothers – close friends and enablers of Russian president Vladimir Putin. Boris and Arkady Rotenberg have been sanctioned by the United States since 2014, after Russia …
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Alert: New Guidance on Iran UAS
Compliance and Due Diligence
The Departments of Commerce, Justice, State, and Treasury this morning issued joint guidance on Iran’s unmanned aerial systems (UAS)-related activities. The problem of Iranian drones supporting Tehran’s proxies in the region is not new. Iran-backed Houthi rebels have been using Iran’s drones against Saudi Arabia for several years, and Iran has been providing UAS technologies …
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Highly Regulated Podcast: Irene Kenyon First Guest
In The News
FiveBy experts are often asked to provide insights on risk-related news, industry trends, and other sanctions and money-laundering issues. Recently, Director of Risk Intelligence Irene Kenyon was a guest on the first episode of the Highly Regulated Podcast with Stevie Cline. What are the biggest compliance mistakes we see? How can companies best mitigate their …
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OCCRP: Director of Risk Intelligence Provides Insights on Sanctioned Oligarch
In The News
FiveBy experts are often asked to provide insights on risk-related news, industry trends, and other sanctions and money-laundering issues. Irene Kenyon, FiveBy Director of Risk Intelligence, was recently quoted in an article by the Organized Crime and Corruption Reporting Project (OCCRP) on a Cyprus firm that may have helped sanctioned Russian oligarch Konstantin Malofeyev evade sanctions. …
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ALERT: Russian Oil Price Cap Evasion
Compliance and Due Diligence
OFAC today issued an alert to warn US individuals, firms, and financial institutions about possible violations of the price cap on Russian crude oil imposed last year, especially through the Eastern Siberia Pacific Ocean (ESPO) pipeline and ports on Russia’s eastern coast. OFAC notes that Russian oil may be trading above the price cap and …
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Forced Labor in Xinjiang: A Challenging Problem
Compliance and Due Diligence
The US government’s enforcement of the Uyghur Forced Labor Prevention Act (UFLPA) is resulting in an increased number of shipments being detained at the US border, costing importers millions of dollars. The Department of Homeland Security’s enforcement efforts are exposing the underlying forced labor connections of goods imported by US companies and putting these firms’ …
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ALERT: Increased Russian Diversion Risk
Compliance and Due Diligence
Transacting in Russian-occupied territories in Ukraine has become riskier for western firms and financial institutions because Russia has been seizing businesses and schools in these jurisdictions and forcing them to register with Russian tax authorities. The new registrations and tax IDs of previously Ukrainian-owned entities make due diligence research, such as determining ownership, control, and …
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Regulators Become More Aggressive Toward Sanctions and Export Control Violations
Compliance and Due Diligence
Executive Summary The US government is taking a more hardline posture to enforce sanctions and export controls, which almost certainly will result in increased financial and criminal penalties for violators. Since Russia began its invasion of Ukraine in February 2022, US regulators have significantly expanded sanctions and other restrictions against Moscow and widened the scope …
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New Paradigms: Russia War a Year Later – Sanctions Retrospective
In The News
FiveBy experts provide insights on news, industry trends, and possible regulatory and reputational risks around the corner. FiveBy Director of Risk Intelligence, Irene Kenyon, on 27 February 2023 once again appeared on New Paradigms, discussing the one-year anniversary of Russia’s invasion of Ukraine and the state of the unprecedented sanctions imposed on Russia. What has …
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FiveBy Joins Forces with Illicit Edge
In The News
At a time when the regulatory landscape is changing at a lightning speed, with new financial sanctions programs, enforcement actions, and global policy developments stretching compliance programs, effective monitoring and mitigating risk is more important than ever for global banks, financial institutions, technology firms, cryptocurrency platforms, and governments. That’s why FiveBy Solutions—a specialized risk intelligence …
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New Paradigms: Director of Risk Intelligence Discusses Sanctions
In The News
FiveBy experts provide insights on news, industry trends, and possible regulatory and reputational risks around the corner. FiveBy Director of Risk Intelligence, Irene Kenyon, on 5 September 2022 participated in New Paradigms—a show that asked the question: Are sanctions still relevant in a multipolar world? The answer is nuanced. Sanctions are effective foreign policy when …
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OCCRP: Director of Risk Intelligence Quoted in Article On Syrian Phosphates Trade
In The News
FiveBy experts are often asked to provide insights on risk-related news, industry trends, and other sanctions and money-laundering issues. Irene Kenyon, FiveBy Director of Risk Intelligence, was recently quoted in an article by the Organized Crime and Corruption Reporting Project (OCCRP) on the network of proxies and middlemen that are used to obscure involvement in Syrian …
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FiveBy partners with Microsoft to deliver Managed Services for Microsoft Dynamics 365 Fraud Protection
In The News
Seattle, WA FiveBy is proud to announce a new partnership with Microsoft, which combines managed service offerings with the power of Microsoft Dynamics 365 Fraud Protection. Organizations across many industries are experiencing an increase in fraud incidents at speeds that impact revenue with little warning and often require unplanned resources to respond.  According to 451 …
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ACFCS: Director of Risk Intelligence Participates in Sanctions Webinar
In The News
FiveBy experts are often asked to provide insights on risk-related news, industry trends, and other sanctions and money-laundering issues. Irene Kenyon, FiveBy Director of Risk Intelligence, recently participated in a free webinar with Thomson Reuters on how US firms and financial institutions can best adjust to the volatile sanctions environment caused by Russia’s invasion of Ukraine. …
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Thomson Reuters: FiveBy Analyst Publishes Two-Part Series on Strategic Corruption
In The News
FiveBy experts are often asked to provide insights on risk-related news, industry trends, and other sanctions and money-laundering issues. Thomson Reuters recently published FiveBy’s advisory on strategic corruption written by FiveBy Risk Intelligence analyst Marren Haneberg in a two-part series that explores how US firms and financial institutions can adjust, as US regulators look to …
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OCCRP: Director of Risk Intelligence Quoted in Research on Sanctions Evasion
In The News
FiveBy experts are often asked to provide insights on risk-related news, industry trends, and other sanctions and money-laundering issues. Irene Kenyon, FiveBy Director of Risk Intelligence, was recently quoted in an article by the Organized Crime and Corruption Reporting Project (OCCRP) on likely Iran sanctions evasion by a Dubai-based petrochemicals firm. Irene Kenyon, a former …
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FiveBy Solutions announces partnership with Sigma Ratings, offering expert risk assessment on top of Sigma Ratings Terminal’s offering
In The News
Adding human expertise into the data stream for meaningful risk intelligence Click here for PDF The consequences of failing to comply with government sanctions and commerce regulations can impact a company’s reputation and bottom line.  The government expects companies to know the suppliers they buy from and customers they sell to. Every company that buys …
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CIO Review: FiveBy Founder Featured in Article About Data-Driven Risk Analytics
In The News
FiveBy Solutions Founder and President, Alex Kochis, recently spoke with CIO Review about FiveBy’s ability to create bespoke solutions for clients to mitigate fraud, and regulatory and reputational risk. FiveBy is a recognized expert in the fraud and compliance space and has helped numerous clients transform their risks into opportunities, combining unique insights, technical savvy, …
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Thomson Reuters: Director of Risk Intelligence Interviewed About Treasury Sanctions Review
In The News
FiveBy experts provide insights on news, industry trends, and possible regulatory and reputational risks around the corner. Our very own Irene Kenyon, Director of Risk Intelligence at FiveBy is interviewed by Thomson Reuters in this timely article about how possible regulatory changes after the recent Treasury Department sanctions review can impact US financial institutions, the complexities …
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Thomson Reuters: Director of Risk Intelligence Irene Kenyon Interviewed About Inadequate Sanctions Screening
In The News
FiveBy experts provide insights on news, industry trends, and possible regulatory and reputational risks around the corner. Our very own Irene Kenyon, Director of Risk Intelligence at FiveBy is interviewed in this fascinating article by Thomson Reuters which discusses the complicated environment of sanctions compliance – a landscape filled with pitfalls that perfunctory screening tools …
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Enterprise- Appropriate Responses to Disinformation Risk (Report)
Disinformation
Leading governmental bodies and support organizations worldwide have become aware of the significant current threats related to disinformation. Disinformation is being used by state actors and–more insidiously–enabled by a growing industry of Disinformation as a Service (DaaS) vendors. The impacts are experienced well beyond the political realm, for example, as corporations and their employees are targeted to avoid Covid 19 vaccination– a threat to business continuation …
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EXPLAINER: SYNTHETIC IDENTITY CREATION
Fraud & Abuse
As an established leader in providing risk intelligence services to address fraud, compliance and security issues, we at FiveBy are fortunate enough to have some of the best people in the business working as part of our team.  Many of our people are accomplished educators in the fraud, compliance and security space. As part of …
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Proposed Regulations Signal Need for Tech Companies to Rethink Content Monitoring
Disinformation
Click here for PDF Executive Summary A flood of proposed legislation to increase regulation over online content and recent contentious hearings on the subject indicate an appetite on Capitol Hill to hold tech companies accountable for disinformation and other harmful content hosted on their platforms. To mitigate possible liabilities, tech companies would be wise to …
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DETECTION OF HOMOGLYPH DOMAIN SPOOFS
Fraud & Abuse
Don’t Let Your Eyes Deceive You The SANS Institute reported that 95% of all cyberattacks begin with social engineering – tricking people into disclosing sensitive information to a source they believe to be genuine. Many social engineering attacks use homoglyphs — characters or letters that look alike — to create usernames, emails, or other unique identifiers that …
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THE HEIGHTENED RISK OF FRAUD, PIRACY, AND ABUSE
Fraud & Abuse
Whether from a coordinated or opportunistic attack, the risk of falling prey to fraud, piracy, or abuse is increasingly common in an all-but-fully digitized world. This threat is no longer a unique concern for security and logistics professionals, as the risks for lost revenue now exist at nearly every level of business. Even those firms …
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Foreign Vaccine Disinformation Threatens Health of US Firms
Disinformation
Click here for PDF Disinformation about the COVID-19 vaccine—and the resultant refusal of many to get vaccinated—presents a significant threat to the US economy, and especially to companies operating in service industries and critical infrastructure sectors. Employees of many of these companies are more vulnerable to the virus because of extensive interactions with the general …
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FiveBy Solutions Announces FiveBy 2.0
In The News
With more than 10 years of success developing solutions for clients to combat software piracy and internet service fraud and abuse, FiveBy Solutions is excited to announce “FiveBy 2.0” – bringing deeper focus on our customers’ requirements, expansion of our core areas of expertise, and new leadership to help guide us in our mission to …
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Target: US Society
Disinformation
Click here for PDF In a press release on July 24, 2020, National Counterintelligence and Security Center (NCSC) Director William Evanina highlighted foreign threats to the 2020 US election, specifically focusing on China, Iran, and Russia’s efforts to undermine US citizens’ confidence in their government institutions. Influence measures on social and traditional media to sway …
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