How Anti Money Laundering Efforts Combat Human Trafficking Human trafficking is the criminal trade of men, women and children for the purposes of commercial sex, forced labor or other forms of exploitation. There are currently over 40.3 million global victims […]
Skyrocketing housing prices and an increasingly prohibitive cost of living have culminated in Vancouver being named the second least affordable place to live in the world, trailing only behind Hong Kong. Unfortunately, the affluence driving these trends didn’t originate from […]
The Fifth Money Laundering Directive (5AMLD) came into force on January 10, 2020. Building on the regulatory regime applied under 4AMLD, 5AMLD was designed to reinforce the European Union’s AML/CFT regime to address emergent and ongoing compliance issues. The impact […]
Australia is home to thousands of banks and financial services companies, including banking institutions and over 800 FinTechs. Those financial institutions must learn to navigate a robust legal framework of AML rules in Australia, put in place to protect the […]
Hong Kong is a gateway to China and financial markets across Asia and is home to thousands of financial institutions, including some of the world’s most innovative fintechs. Like every global financial center, however, Hong Kong faces a range of […]
Anti-money laundering (AML) regulations are mandated by both national and international authorities around the world and place a wide variety of screening and monitoring obligations on financial institutions. Given the proximity of the terms Know Your Customer (KYC) and AML, […]
Cloud Security and AML As financial crime evolves, so do the methods financial institutions use to detect and prevent it. Many implement anti-money laundering (AML) solutions that employ cloud computing technology — and for good reason. Handling AML in the cloud […]
In recent years, government bodies have become quick to impose, lift or modify sanctions — sometimes within a few days’ or weeks’ time — to pursue their own interests. At the same time, the global economy requires a nuanced approach and, […]
While politically exposed person (PEP) status does not predict criminal behavior, the risk exposure that it brings means that financial institutions must apply additional AML/CFT measures when establishing a business relationship and conduct ongoing monitoring to ensure that they capture […]
6 Things You Should Know About AML France Regulations As one of the world’s largest economies, France plays a prominent role in the fight against financial crime and imposes strict money laundering and counter financing of terrorism regulations on its […]
7 Tips To Help Fintechs Comply With Anti Money Laundering In Singapore Singapore is one of the world’s busiest and most innovative commercial hubs and a destination for banks and financial services businesses around the world. Given that status, anti […]
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 […]
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