Steward | Your partner in crime

Steward | Your partner in crime

The ultimate weapon against dirty money: Tourism boost?

Hi ! Welcome to Steward! Expect to experience compliance magic where no magic has gone before - the investment world.

Product Release: What if FATCA/CRS was fun? 👾

Nobody likes FATCA/CRS - it feels like forms that were invented for lawyers by lawyers.

Therefore, we made sure that this experience is magical with our ✨ FATCA/CRS Workflow ✨. One more step in slicing the time of onboarding. The best part is that you can even upload your existing FATCA/CRS form and we will do the rest for you! Check it out below:

👀 Did you know → FATCA penalties are asymmetric? Meaning foreign companies can face huge financial and business risks in terms of withholding tax and correspondent banking loss, but US institutions have no reciprocal sanction

Get in touch to check it out our FATCA/CRS solution in a live demo.

Key Highlight this month 🚩 

The teams at Vega & Steward have banded together to offer an integrated solution combining Vega’s AltOS and Steward’s AI-driven AML systems. This will enable fund managers to provide friction-free investor onboarding, automated due diligence, and transparent risk management – all within one connected AltOS ecosystem.

Hiring Spree

  • We are growing and growing here at Steward! Bring forward your bravest:

    • 1x Founder’s Associate (London, New York)

    • 2x Business Development (London, New York)

    • 1x Product Designer (New York, Tel Aviv)

    • 2x Full-stack Engineers (New York, Tel Aviv)

Crime Treasures 💰

Gangsters bought a bank! The UK’s NCA recently lifted the lid on Operation Destabilise - and what they uncovered reads less like financial crime and more like a geopolitical thriller. A vast money-laundering network operating across the UK allegedly:

  • hoovered up cash from drugs, guns and organised crime

  • converted it into crypto at scale

  • bought a foreign bank to evade sanctions

  • and funnelled money linked to Russia’s war effort

Over 120 arrests. £25m+ seized. This wasn’t hidden in the dark web. It moved through couriers, crypto rails, payment firms and banks - right through the gaps between “normal” compliance checks. Cash-to-crypto is no longer an edge case. It’s critical infrastructure for modern organised crime.

AML just became a matter of national security.

Meme of the Month 🚀

AI is all the rage in the consultant community

2026 is going to be a year of discovery for a lot of operational teams. Don’t fret it, Steward will be here to help guide you through the biggest trends in AI adoption!

Random Quirks 🕵️

Tourism may become THE panacea of Financial Crime…

According to the latest thinking, the most effective way to tackle financial crime is not better controls, transparency, or enforcement, rather it is investing in more sightseeing opportunities.

Why wrestle with complex ownership structures, shell companies, and suspicious flows when you can simply visit them? The UK’s AML Champion (Baroness Hodge) suggests that all can be solved by injecting money into the hands of opaque, offshore centres like the British Virgin Islands. The logic being - if you boost tourism, these countries can be less reliant on their attractiveness as offshore financial havens.

Did You Know? The British Virgin Islands has 10x more companies than people? The population is around 30,000-40,000 and there are more than 350,000 registered companies.

Until next time,

Arik, Chief Compliance Nerd

Moshe, Chief AI Officer