Sanction Scanner Blog

Disclosure and Implementation of 5AMLD

5. The Money Laundering Directive (5AMLD) seeks to harmonize 4 AMLDs with modern trends and technologies and to strengthen existing rules on transparency and cooperation between financial authorities.

Coronavirus-Related AML & CFT Risks

The current coronavirus contingency (COVID-19) has created different challenges for the authorities in charge of the fight and prevention of the crimes of Money Laundering and the Financing of Terrorism (ML/FT).

Overview of Fintech Regulations in the World

Financial technology (FinTech) aims to improve and automate the use of financial services. Using specialized software and algorithms, FinTech enables companies, business owners, and consumers to manage their financial transactions and processes better.

Financial Action Task Force (FATF) Travel Rule

FATF Travel Rule, officially accepted by FATF on 21 June 2019, is the AML / CFT compliance obligations that financial institutions in 37 member countries worldwide must apply. Travel Rule is an update to existing FATF Recommendation 16 on cross-border and domestic bank transfers.

Crowdfunding: Fraud and Money Laundering Risks

Crowdfunding is the funding of a project or initiative by a group of people via the internet. Crowdfunding, one of the new investment trends...

Anti-Money Laundering and Cybersecurity

With the release of the October 2016 cybersecurity guide of the Financial Crime Enforcement Network (FinCEN), financial services faced the challenge of integrating cyber incidents into AML programs.

Fintechs: Using Machine Learning To Fight Money Laundering

Fintechs are at the forefront of the fight against money laundering. It is the responsibility of the financial institutions' compliance departments to comply with the European anti-money laundering guidelines.