As anti-money laundering (AML) controls evolve, criminals find new ways to transform the financial proceeds of crime into legitimate funds. One of the most prevalent global money laundering strategies is to exploit the vulnerabilities of cross-border trade via trade based […]
2019 is set to be a record year for global anti-money laundering fines as criminal activity continues to threaten the financial landscape and regulatory changes from 2018 (and previous years) begin to take effect. Research from mid-2019 revealed that, from […]
Most of the APIs available on the market are not fit for purpose. Poor integration capability, lack of intuitive design and being overly complex are facets of bad APIs and the reason why so many people have become apprehensive at […]
A risk based approach to AML is key to effective compliance programs around the world. Financial institutions face an expanding spectrum of money laundering threats, and modern financial criminals have a range of tools at their disposal to avoid countermeasures […]
Anti Money Laundering Indonesia: What You Need To Know One of Southeast Asia’s most important economies, Indonesia is increasingly focused on anti money laundering regulation. Indonesia has traditionally struggled with money laundering threats thanks to a lack of regulation and […]
The Smart AML Compliance Checklist Traditional AML systems are falling behind against evolving threats: a smarter approach to AML compliance is needed. Continue on to discover an AML Compliance Checklist that will enable robust compliance within your organization. AML is […]
Global AML Regulations: What You Need To Know Wherever you do business, achieving AML compliance means dealing with financial regulators and understanding legislation imposed at a national and international level. With so much legislative ground to cover, our guide to the […]
Automated AML 4. FinTechs drive demand for automated AML With increasing consumer adoption and subsequent transaction volumes in a competitive FinTech climate, 2019 will see a large number of firms move to automate their AML practices to scale even faster. […]
AML Information Sharing A cornerstone of an effective AML/CFT framework, information sharing between financial institutions is an ongoing compliance priority for regulators and financial institutions around the world. CFT/AML Information sharing is a key recommendation of the Financial Action Task […]
Is cryptocurrency legal in Luxembourg? Cryptocurrencies: Not legal tender Cryptocurrency exchanges: Legal, must register with the CSSF There are no specific Luxembourg cryptocurrency regulations but the government’s legislative attitude towards cryptocurrencies is generally progressive. Finance Minister Pierre Gramegna has commented […]
Is Cryptocurrency Legal in Gibraltar? Cryptocurrencies: Not considered legal tender Cryptocurrency exchanges: Legal, must register with the GFSC Gibraltar is a global leader in cryptocurrency regulation: while cryptocurrency is not considered legal tender in the country, cryptocurrency exchanges are legal […]
Is Cryptocurrency Legal in Malta? Cryptocurrencies: Not legal tender Cryptocurrency exchanges: Legal, regulated under the VFA Act Malta has taken a very progressive approach to cryptocurrencies, positioning itself as a global leader in crypto regulation. While cryptocurrencies are not legal […]
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